Real Estate

Developer revs up Fairmont Lekki scheme

The Fairmont Estate on the Sangotedo axis of Lekki corridor that recently joined the ranks of residential scheme in the Lagos metropolis is being aggressively developed and offering affordable land to prospective subscribers. Developed by Propertymart, the scheme comes with an innovative and accessible payment structure for the young and upwardly mobile who are looking…

18 Jun

‘Dubai real estate is haven for money laundering’

Months after the Nigerian government reached an accord with the United Arab Emirates (UAE), on looted funds, a new report released last week alleged that war profiteers, terror financiers and drug traffickers sanctioned by the U.S. in recent years have used Dubai’s real-estate market as a haven for their assets. Last year, the Nigerian…

NIESV real estate summit holds in Lagos

The Lagos State Branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) will next week hold the second edition of its real estate flagship programme. The two-day programme tagged ‘The Summit 2.0.’ comes with the theme - Developing Business Modules for Best Practice. The Chairman of the Heads of Practice Sub-committee, Adedotun Bamigbola will…

Banana Island residents worry over Apple Island project

Banana Island Property owners/residents’ association has expressed disaffection over the Apple Island project being promoted by the Nigerian Army Properties Limited (NAPL). The residents said they met the Chief of Army Staff, Lt. General Tukur Buratai when he visited the site of the proposed Apple Island and expressed their grievances over the project, which made…

‘Why online property listing is low’

Notwithstanding about 8000 to 10,000 property portals around the world, accounting for over 60 percent of concluded property deals, Nigeria is still lagging behind in on-line property listing.With the advent of the internet, companies are beginning to create solutions that help to meet the needs of their clients without breaking a sweat.

Trust Fund’s N8.4 billion Alagbon Towers up for grabs

Twelve years after the Federal Government sold it, the Alagbon Towers in Lagos is about to change hands with the opening of bids for the sale of the property.The property, located at Oba Adeyinka Oyekan Avenue in the affluent Ikoyi suburb, occupies an area of 19,131.600 square metres.

‘Why court officials visited Ikorodu land’

Fresh facts have emerged that Ikorodu High Court Lagos State issued an order in October last year that the parties in dispute over the NITEL land at Ota-Ona should maintain status quo.The spokesperson for Keyaolu family, Mr Owoseni Atoloye Dada denied earlier...

Battle over Best Western Hotel, Ikeja property shifts to Appeal court

Legal FIRE WORKS over the property housing the Best Western Ikeja Hotel, a four Star hospitality facility situated at 12, Allen Avenue and owned by Suru World Wide Ventures Limited has shifted to the appellant court.

Affordability tops Abuja housing show agenda

The issue of affordability continues to be the heart of the discussion in real estate for so many reasons; rent and sale prices are the seemingly obvious culprit causing concern with affordability.

Investors offer warehouses for sale as vacancy rates rise

These are not the best of times for owners of warehouse and distribution space, as Nigeria’s industrial property market is witnessing an increase in vacancy rates for factory and warehouse segments.

‘How foreign capital aids Nigeria’s commercial real estate rebound’

Notwithstanding that real estate recovery has taken time to gain traction, foreigners are fueling capital injection in Nigeria and other Sub-Saharan Africa countries, with South Africa...

Stakeholders seek partnership, policies for real estate growth

Stakeholders in the Nigeria’s real estate sector have ignited a new ray of hope in the sector aimed at increasing indigenous participation and mitigating the challenging business climate.

London most-in-demand city for student accommodation

London is the most in demand city for student accommodation out of 426 popular study destinations worldwide, closely followed by Sydney, Melbourne and Manchester, new research shows.

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