Accounting giant Pricewater Coopers (PwC) has projected an increase in real estate’s contribution to the gross domestic product (GDP) from $9.16 billion to $13.65 billion next year if the right environment is created. It urged operators to brace themselves for the challenges ahead and key into the opportunities in the sector to grow the economy. Managing Director, Alpha Mead Facilities ...

When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind. However, when it comes to pricing, Lagos, the commercial capital of Africa’s largest economy has managed to find a comfortable spot among them. Dolapo Omidire of Quartz.com examines how Lagos has arrived at ...

Property prices rose again last month, according to the latest official figures. However, there were strong signs the annual rate of inflation may be moderating following the introduction of new lending restrictions. Figures from the Central Statistics Office (CSO) show residential property prices nationally rose by 0.5 per cent in May and are now 13.8 per cent higher than a ...

There has been lot of conjectures and vagueness associated with ‘self-contained apartments’ and ‘mini flats’. Some people get confused when both are mentioned in the same context because they seem to sound the same when you try to pick out the words. We will quickly elucidate the ambivalence that arises when people seem not to spot the difference between a ...

The Queen’s commercial property empire has nearly doubled in value over the last decade, and last year alone delivered £285m in profits into the Treasury’s coffers. The Crown Estate Company, run by regeneration specialist Alison Nimmo, owns Regent Street and much of St James’s in London, along with Windsor Great Park, large swaths of farmland and the seabed around the ...

Lagos State Governor, Akinwunmi Ambode, has declared that no toll will be collected at the second point on the Lekki- Epe Expressway. Ambode also assured that his government would be one of continuity with improvement. The governor made the comments on Sunday, June 21, 2015, during an interactive session with journalists at the Banquet Hall of the Lagos House, Ikeja, ...

As part of its moves to stem the menace of erosion in Edo State, government has embarked on the reclamation of the Auchi , Queen Ede and Ekenwa sites, which will gulp N9billion. The contract are as follows; Auchi, N5.7billion, Queen Ede N2.7billion and Ekenwa is about N360million. Besides, not less than 108 gully erosion sites pervades the length and ...

A 45-year-old man, Olusanya Ajala, has been arrested for allegedly selling a house bequeathed to him and his three siblings to two different buyers. Ajala was said to have sold the property to a businesswoman, Anita Ojuola, and one other buyer, whose name had yet to be ascertained. It was learnt that Ajala sold the house to Ojuola without the ...

Lafarge Africa has signed a strategic partnership with the Federal Government Presidential Initiative to rebuild the troubled North-East region of the country which has witnessed enormous destruction from the activities of Boko Haram. The Chief Executive Officer, Lafarge Nigeria and Benin Republic, Mr. Guillaume Roux, disclosed  after the meeting with the Chairman of the PINE, Prof. Soji Adelaja, that the ...

The Federal Mortgage Bank of Nigeria (FMBN) has moved to increase access to housing as it works at reducing the country’s 17 million housing deficit. The Managing Director of FMBN, Alhaji Gimba Ya’u Kumo has unveiled an initiative that would increase access to the National Housing Fund (NHF). The initiative called FMBN Home Renovation Loan (FHRL) is part of deliberate ...