Real estate firms tasked on innovation, collaboration

Professionals in the housing industry have been advised to be innovative in the ever-changing real estate market.

Chief Operating Officer of Sterling Bank, Mr. Yemi Odubiyi gave this advise at the Northcourt’s fifth year anniversary dinner held in Lagos.

Odubiyim, a keynote speaker at the event urged real estate professionals not to depend on regulatory authorities to keep market share within their reach, adding that professionals from different disciplines are capable of competing with existing organisations.

He further said that there is no guarantee that 100 per cent of innovation in the industry will come from market leaders as technology had evened out the playing field for new ideas.

In his remarks, the Chief Executive Officer of Propertygate Development and Investment Company, Mr. Adetokunbo Ajayi applauded the real estate consulting firm for embracing innovation in the practice.

He thanked the promoters for driving the company’s vision while mentoring and developing young professionals, stressing that the firm is on its way to the league of global consulting firms.

Chairman, Northcourt’s Research and Advisory Board and Head of Department of the department of Estate Management, University of Lagos, Dr. Modupe Omirin, in her remarks extolled the leadership team for pushing the boundaries of innovative thinking in real estate, winning local, regional and international awards.

On his part, the Chief Executive Officer of Northcourt, Tayo Odunsi, said the firm had received regulatory approval to offer real estate valuation services, adding that this business unit would focus on commercial real estate, plant and machinery and art valuations.

The Chairman of the Nigerian Institution of Estate Surveyors and Valuers, Lagos Chapter, Mr. Rogba Orimalade also delivered a warm commendation on behalf of the institution, adding that the achievements of the firm were a source of inspiration to the body.