Professional under the aegis of Globalis Real Estate Advisory & Strategy have called for the adoption of global best practices and improved access to accurate information in Nigeria’s luxury real estate segment to boost investor confidence and accelerate market growth.

Speaking at a private investors’ forum organised by the firm in Lagos, Chairman of Globalis, Mr Frank Oti, stressed the need to deepen the role of advisory and strategic services in guiding high-net-worth individuals to make informed investment decisions and maximise returns.

He noted that a critical gap exists in the market, where investors are often not provided with the quality of information required to make sound decisions. “We have identified a niche that is not properly represented. Even where it exists, investors are not getting the kind of information they need to make informed decisions. Our focus is to consult for high-net-worth individuals in the luxury real estate space,” he said.

Oti clarified that the firm is not into property sales but offers advisory and strategic services aimed at sanitising the Lagos real estate market, improving functionality, and enhancing investor satisfaction.

“A lot of people invest heavily but do not enjoy their properties. We want to bring structure, transparency, and functionality to the market so people can truly benefit from their investments,” he added.

He explained that the firm’s approach includes analysing global trends, aligning them with clients’ wealth objectives, anticipating risks, and positioning investors strategically within the luxury segment.

Oti also disclosed plans to introduce structured commitments for buyers in luxury developments, where subscribers would sign agreements to adhere to estate rules and regulations before acquisition, ensuring order and sustainability within such communities.

The firm, he revealed, is currently working on three luxury projects in Lagos aimed at meeting investor demand and increasing supply in the high-end market. He cited international practices, noting that in jurisdictions such as California, developers are required to establish homeowners’ associations once a majority of units are sold, thereby transferring control and management to residents.

Partner at Globalis, Mr Adeniji Adele, said the firm intends to reposition luxury real estate by focusing on the expectations of high-net-worth individuals who demand global standards and secure investments. “In developed markets, high-end properties are designed for investors who prioritise discretion, quality, and returns.

These developments operate under clearly defined rules and governance structures,” he said.

Adele emphasised that beyond facility management, investors must understand the frameworks required to deliver premium properties that guarantee high returns and security of investment.

On the rising cost of building materials, Adele, who is also President of the International Real Estate Federation (FIABCI), Africa and Near East Region, said the challenge is global, driven partly by geopolitical tensions, including conflicts in the Middle East.

Despite these pressures, he noted that development activities continue, advising investors to carefully define project types, target markets, and financing models. “In terms of financing, options such as crowdfunding can be explored, where investors pool resources to deliver unique, high-end projects,” he said.

Earlier, Lagos State Deputy Governor, Dr Kadiri Hamzat, represented by the Permanent Secretary, Lagos State Ministry of Housing, Abdulhafis Toriola, described the forum as timely, given the evolving dynamics of urbanisation globally.

He said platforms such as the Globalis forum are critical for fostering innovation, strengthening partnerships, and unlocking sustainable investment opportunities in the real estate sector. Hamzat reiterated the state government’s commitment to supporting investments through enabling policies, infrastructure development, and institutional frameworks that ensure security and profitability.

“The Lagos State Government remains open to partnerships that align with its development agenda. We will continue to provide the policy support and infrastructure backbone needed to ensure investments are secure, impactful, and rewarding,” he said.

Dignitaries at the event included representatives of the Oniru of Iruland, Oba Abdulwasiu Omogbolahun Lawal; the traditional ruler of Amuwo-Odofin and FESTAC Kingdom, Oba Oluwatoyin Adetayo-Adewusi; President of FIABCI-Nigeria, Akin Opatola; former Chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos branch, Gbenga Ismail; and partner, Dr Adeniyi Tinubu.