According to the Financial Times, state-owned China Railway Construction Corp. (CRCC) has signed two contracts worth nearly $5.5 billion with Nigeria and Zimbabwe. The Nigerian project further cements the company’s leading role in the Nigerian construction industry, and is also a milestone in the “going global” of Chinese railway, said Meng Fengchao, board chairman of CRCC. Citing stock exchange filings ...

Homeowners within the Pearl Garden Estate situated at Sangotedo Village in Eti-Osa Local Government Area of Lagos State have sued a property developer, Oyetubo Jokotade and his firm, Estate Resource Limited over alleged incessant harassment and imposition of arbitrary charges. The claimants in the suit which is before Justice Abisoye Bashua of the Lagos State High Court sitting in Epe ...

A consortium of leading housing charities has warned that the UK is in breach of its own United Nations human rights commitment to provide people with adequate homes because the housing crisis is so serious. They cite soaring housing rental costs, unhealthy conditions in homes, and rising levels of homelessness and warn of “profound issues of lack of supply, increasing ...

About N200.59bn worth of properties have been lost to fire incidences in Lagos in the last five years. The ministry of Home Affairs and Culture gave this figures at the ongoing 2015 Ministerial Press briefing to review activities of the sector in the last one year. Oyinlomo Danmole, who is the Commissioner for Home Affairs and culture, noted that a ...

Headquartered in Lagos, Knight Frank Nigeria – trading as Knight Frank Nigeria Partnership – has grown to be one of the largest firm of estate surveyors and valuers in Nigeria and across Sub-Saharan Africa. Founded in Nigeria in 1965, the partners attributed the firm’s growth down to their high-standards of professionalism, commercial acumen and integrity. Knight Frank Nigeria is part ...

Dr Aliyu Wamakko is the deputy president of the Real Estate Developers Association of Nigeria (REDAN). In an interview with a LeadershipNG correspondent he spoke on several issues bedeviling the housing sector and how they can be tackled He said the current administration has tried its best to see that they address the issue of housing problem in Nigeria through ...

Blackstone Group LP’s chief executive officer, Steve Schwarzman, said buying real estate, financing energy companies and buying floating-rate fixed income instruments are all “a good place to be.” “In terms of taking risk today, there are a variety of different places,” Schwarzman said in a Bloomberg Television interview Monday at the Milken Institute Global Conference in Beverly Hills, California. Blackstone, ...

A new report has found that Prime office real estate in some of the world’s leading cities is about to take a hit from the falling price of oil. The report, released this month by property specialists DTZ, has identified 18 key “energy cities” around the world where unemployment will rise and office rental prices will fall as energy companies ...

The first annual conference estate agency, coming under the Association of Estate Agents in Nigeria (AEAN), in conjunction with NIESV, with the theme: “Branding and Public Perception of Estate Agency Practice in Nigeria” was staged by the bodies which brought together stakeholders at the Lagos Airport hotel, Ikeja in Lagos Nigeria, last Thursday. The event had in attendance government officials ...

The United Nations Human settlements programme (UN-Habitat) has proposed a seven point housing agenda, and if adopted by the in-coming Buhari administration, this could transform Nigerian cities into functional, productive, equitable, resilient and safe place to live in. The proposed agenda is consistent with research findings and policy advocacy that the agency have pursued over several years, harped on the ...