In a bid to find lasting solution to leakages in buildings usually caused by plumbing defects that often leads to cracks in houses, Rifeng piping systems has introduced a maintenance free multilayer pipe that allows for a direct fitting straight to the outlets without creating an avenue for leaks in the walls. The five-layer composite pipe made of crossed linked ...

Popular Nollywood actress, Kate Henshaw suffered a huge loss as a result of the fire that engulfed her apartment last week. She has relocated temporarily. It was reported that a part of the house located on Oyibo Adjarho Street in Lekki Phase 1, was damaged by the fire believed to have started in the actress’s living room following the restoration ...

The California Public Employees’ Retirement System, the biggest U.S. pension, plans to sell as much as $3 billion of its real-estate portfolio, a move that’s part of a broader plan to reduce costs, risk and the number of external investment managers. The $303 billion fund will sell about 12 percent of its $25.5 billion real-estate program of commercial, industrial and ...

The Facilities Management in Nigeria is developing and becoming a major contributor to the economy, but lack of its recognition is a drawback. The Managing Director, Global Property and Facilities International Ltd, Dr. Muhammed Balogun stated this at this year’s World Facility Management Day and 15th year anniversary of the company held in Lagos recently. He stated that Real Estate ...

In the course of the next few years, investors shall be putting additional 30,000 rooms into Nigerian’s growing hospitality industry which, a couple of years ago, was estimated to be worth $49.9 billion with $203.7 billion in untapped potential  and  $253.5bn market size. By the last count, about 20 hotel groups with 34 brands will be making this happen as ...

Katy Perry is in a legal battle with a group of nuns in Los Angeles who don’t want her to buy their former convent. The superstar singer put in a US$14.5 million ($18.9 million) offer on the villa-style hilltop property but the Sisters of the Immaculate Heart of Mary are fighting to prevent the deal going through. Los Angeles Archbishop Jose Gomez has ...

Fox News Channel will be launching a weekend show centered on real estate. “Bob Massi is the Property Man” will debut Saturday, July 11, at 12 p.m. ET, and will be hosted by Las Vegas real estate attorney Bob Massi, who also serves as a legal analyst for Fox News. The series is expected to feature several experts who are to break ...

Demand for luxury homes in the Europe, Middle East and Africa region is strong as ultra-wealthy individuals are buying around the world to further diversify their holdings. London is top for demand but cities such as Madrid, Dubai and Cape Town are also popular with wealthy real estate buyers, according to a new report by Wealth-X and the Sotheby’s International ...

Investors, developers and sundry stakeholders in the Nigerian building industry have hailed the introduction of the dry construction system into the industry, saying it holds out solution to, and hope for mass housing with its speed, efficiency and cost-effectiveness in the long run. Apart from cost which is fundamental to any form of housing delivery, most investors and developers avoid ...

Housing is one of man’s key needs. Most people would like to own their own houses. Unfortunately, there are far too many obstacles stifling the achievement of this dream of owning their own homes. In spite of Nigeria being Africa’s largest economy with a GDP of $510 billion, the housing and construction sector accounts for only 3.1% of the rebased ...