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Monthly Archives: March 2015

Azuri peninsula’s apartments brighten real estate market

Originally posted on TheGuardian In designing the project, the podium towers are carefully positioned to maximize views of the marina and garden-piazzas. Located on the ground floor are retail spaces while ample underground car parking is to be found on the lower ground level PRIVATE developers have increased their stakes in the Lagos real estate market with a series of ...

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Govt. proposes new road infrastructure system

IN the wake of increasing dilapidation of roads, maintenance backlog and accelerating loss of asset value, the federal authorities have concluded plans to establish a Road Asset Management System (RAMS) for its road network in the country. The envisioned system will assist the Federal Ministry of Works (FMW) to rationalize decision making in planning, programming, funding, and procurement and in ...

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Ready-built shippable houses from China

We now think of building our houses in China and have them shipped in. Ready-built town houses shipped from China to Cannington. Innovative WA builder Craig Forster said he was forced to build offshore because no WA steel-frame home manufacturers could meet his demands. The homes, completely finished with all the cabinetry, tiling, flooring, plumbing and electrical fixtures, were erected on ...

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Africa to attract significant foreign real estate investment

According to a new report by Knight Frank, an increased number of international investors are investigating opportunities in African real estate markets, attracted by the continent’s startling economic and demographic growth prospects. Based on Knight Frank’s Africa Report 2015, the population of Africa will quadruple to over four billion by 2100, with nearly one billion of these people in Nigeria ...

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Lagos woos private investors

The Lagos State Government has restated its determination to work with private investors for the provision of affordable housing for residents under the Lagos Home Ownership Mortgage Scheme. The Commissioner for Housing, Mr. Bosun Jeje, said this at the handover of one of the housing estates under the scheme, which was named after the late nationalist, Chief Anthony Enahoro, by ...

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Fire destroys 7 shops in Asaba


An early morning inferno at the weekend engulfed and razed a block of seven shops in Asaba, Oshimili South local government area of Delta State, destroying property whose value is yet to be ascertained. The fire, which occurred at Stadium Road before the office of the state-owned newspaper in Asaba, was said to have started at about 12am, completely destroying ...

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JOS: Youths burn down PDP chieftain’s house


The real estate sector is beginning to count its loses following the state of the nation. Reported on Leadership this morning, Angry youths from Anguwan Rogo and Zinaria community in Jos North local government area of Plateau State yesterday went after a Peoples Democratic Party (PDP) member and the PDP governorship campaign coordinator for Jos North, Muhammed Adam, after he ...

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Housing Development Can Generate 12 Million Jobs Annually – FMBN


The development of 720,000 housing units required annually to bridge the national housing deficit of about 17 million units can potentially generate 12 million jobs in the country every year. Managing Director of the Federal Mortgage Bank of Nigeria (FMBN), Mr Gimba Ya’u Kumo, made this submission, recently, at the commissioning of 102 units of the ministerial pilot housing scheme ...

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LONDON: Tenants face £70m rent rise

London housing

Tenants face £70m rent rise as social housing converted to affordable’ homes London’s poorest households have been hit by a £70m rent rise as housing associations quietly switch thousands of tenancies to higher rates to make up a shortfall in government funding. About 25,000 homes in the capital have been converted from “social” housing to “affordable” since 2012, according to ...

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Family of Nigeria’s first H.O.S at war over property

There is a current rancor arising from property feud in the home of late Abdul-Azeez Atta, the first Head of Service of the Federation under the then General Yakubu Gowon-led administration. The first-born of the family, Olusegun Atta, has instituted a law suit against his own mother, Mrs. Iyabo Atta, and his other siblings, over an alleged attempt to sell ...

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