Investors in real estate and general infrastructure have been advised to leverage Real Estate Investment Trusts (REITs) as a viable alternative to traditional sources of project financing. This is recognizing that a major constraint to the growth of the real estate sector in Nigeria is funding which, analysts say, suffers from short-term deposit supply and long-term lending demand mismatch. The complexity and capital intensive nature of real estate developments and transactions, the analysts add, demands proper and adequate funding, ...

Iyana Ipaja Market area of Lagos state got razed by Fire at 1am today, 2nd June 2015. It was gathered that around 1am today, a petrol tanker fell off the bridge running into a nearby mosque as it supplied the drainage systems with plentiful amount of fuel. Residents were awakened to a rapidly spreading fire from the point of impact ...

The Kogi State Commissioner for Lands and Housing, Mr. Stephen Maiyaki, has been kidnapped. The News Agency of Nigeria (NAN) gathered that Maiyaki was kidnapped by people numbering up to six at about 8.30 a.m. on Sunday in his farm at Osara in Adavi Local Government Area. The Police Public Relations Officer in the state, Mr Shola Adebayo, confirmed the ...

Owning a house of your own and to escape the ever price hiked rent in Nigeria, especially in the highbrow states, is always a dream come true and a relaxing experience for any citizen of Nigeria. Sharing his 1st house experience with Nigeria Real Estate Hub’s correspondent, Elsie Godwin, Mr. Bolaji Adejana, an Internal Control Officer at Realty Point Limited, ...

I am sure most people who came across the Sack Your Landlord contest would have called it a fluke and moved on with their daily internet surfing without giving it a second thought, but hey, ‘action will always prove the doubt that theory cannot solve’.   It was all smiles yesterday for the 3 contestants who emerged winners of the ...

Shareholders of Pulse Investments Limited have given the model agency’s board permission to offload the company’s real estate holdings, although CEO and chairman Kingsley Cooper says there are no immediate plans to sell. Pulse Investments has a stake in Pulse Centre at 38A Trafalgar Road in Kingston as well as the Villa Ronai Spa and Suites in Stony Hill, St ...

An Abu Dhabi-based real estate firm has formed a strategic partnership with an Indian construction firm to establish ‘Smart City’ projects in India. ‘Smart City’ is Prime Minister Narendra Modi’s ambitious project aimed at recasting the urban landscape of the country by making cities more livable and inclusive, besides driving the economic growth. Each selected city under the scheme would ...

AS Nigerians from all walks of life continue to seek solutions to wide spread corruption in the nation’s polity, the Bureau of Public Service Reforms (BPSR), is of the view that corruption especially, in the Federal Civil Service will reduce drastically if arrangements are made for workers to own their houses at retirement. The Director-General of the Bureau of Public ...

The special adviser/Director-General, Bureau of Lands and Survey, Ogun state, Mr. Adewale Oshinowo has stated clearly that Homeowner’s charter is not for revenue generation rather a form of support by the government to the people of Ogun state. In an interview with a punchng correspondent, Samuel Awoyinfa, Oshinowo, talks about the Homeowners’ Charter scheme and other sundry issues “The scheme ...

Stakeholders in the housing sector are of the opinion that unless a proactive policy is put in place by the government, the nation will continue to record huge housing deficit. Some of them, who spoke at a two-day workshop for housing researchers and lecturers organized by the Centre for Housing Studies, University of Lagos, noted that the incoming government must ...