Dubai Investments, a diversified company, has formed a joint venture with the Saudi-Lebanese firm Red House to manage and develop a property project in Saudi Arabia. This will be the company’s first foray outside the UAE. The developer of the Dubai Investments Park will have a 50 per cent stake in a joint venture to develop the Riyadh Investment Park ...

Barely a week after being declared wanted by the Economic and Financial Crimes Commission, in connection with the controversial Nigeria Labour Congress N3 billion Housing scheme for workers, the man behind the failed project has been detained by the operatives of the anti-graft agency. Vanguard gathered from competent sources in the commission that the Chief Executive Officer of Kriston Lally ...

  Those who are clamouring for a halt to the coroner’s inquest into the September 12, 2014 disaster that occurred at the ‘SCOAN’ headquarters killing 116 people including about 84 South African nationals should know this; “Section 74(1) of the Physical Planning and Development Law of Lagos State states inter alia that at any time there is a collapsed building ...

The Nigerian Stock Exchange, NSE, has placed the shares of Union Homes and Savings Plc on full suspension. By full suspension, stockbrokers are not permitted to execute any transaction on the shares of the company within the stipulated period. This, according to a regulatory filing obtained by Vanguard, is pursuant to a March 10 2015 directive of the Securities and ...

    The major challenge on the issue of building collapse is that individuals differ radically from one another on the professional to blame as the major cause of the collapse of a building. As the battle between the Lagos state government and the Synagogue Church of all Nations wages on, we want to take a moment to analyze the ...

Last week we talked about the time it takes to succeed in real estate business. This week, we begin a series that will be delving into tips that come handy if you are to succeed in your real estate business. The foremost and most consequential success hint to any human endeavour is having a road map; You need to work ...

Workers under the Federal Capital Territory Administration (FCTA) Staff Multi-purpose Cooperative Society Ltd last Thursday thanked FCT Minister Bala Mohammed for giving approval to their application for land for its members. The land was allotted for construction of affordable houses for staff within FCT. The president of the society, Comrade Emmanuel Abenu expressed appreciation to the minister saying this is ...

The Nigeria Security and Civil Defence Corps (NSCDC) on Sunday flagged off the construction of 500-unit residential estate for its officers and men along Maraban Rido by Eastern Bye-pass in Kaduna. The Commandant-General of NSCDC, Dr. Ade Abolurin at the ground breaking ceremony noted that the housing project is being actualized through a public/private partnership with Royal Voyage Company Limited ...

In the light of the incident at the Synagogue Church of all Nations, the incidence of building collapse in Lagos state is now growing at an alarming rate, seemingly uncontrollable or beyond easy control and this should be a source of serious concern to all stake holders – the professionals in building industry, government, private developers, clients and users, as ...

Minister of Lands, housing and Urban Development, Mrs. Akon Eyankenyi has said that the APDC Capital Estate-phase 1, located in Kubwa will be ready for commissioning in December. The minister gave this assurance when he inspected the estate last week. The minister also expressed satisfaction with the level of work done so far, describing the estate as one of the ...