Real Estate News

The Lagos State House of Assembly Adhoc Committee on the recent mudslide in Magodo area of the state says the government needs to do more on the safety of residents. Lanre Ogunyemi (APC-Ojo II), the Chairman of the four-man Adhoc Committee on the incident, made the plea during an inspection of the site on Monday. The News Agency of Nigeria ...

The sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund has been confirmed. Hyprop acquired a 75% interest in Ikeja City Mall and Attacq has acquired the remaining 25%. Actis, a leading emerging markets investor and local partner Paragon Holdings sourced ...

In pursuit of making Lagos a live-able city, government has pledged to ensure the sustainability of ongoing urban regeneration programmes. To this end, an initiative known as ‘Metropolitan Park’, designed along the popular Central park in New York, USA, is commencing in 2016. The project is to be sited at Aiyeteju, in Ibeju-Lekki Local Government area of Lagos, with five ...

Dangote Cement is set to reward about 3,783 of its customers in Nigeria for their loyalty and patronage. As a way of compensating its ever-growing customers across the country, Dangote Cement, from yesterday, Monday November 16, 2015 commenced its biggest promo that will benefit 3, 783 customers. The Dangote Mega Million Dash (#DMMD) promo, which was activated across the country ...

Real Estate professionals have called on the newly appointed Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, to engage all professional bodies within the construction industry to chat a common course on housing delivery. The dialogue, according to them is inevitable, as all the professional bodies within the industry needed to make input in order for the minister ...

A Lagos-based developer, Messrs Grenadines Homes has launched a new luxury business and residential development in the city’s skyline. The project christened Atlantic Resort is to be built on 3.4 hectares of land and will comprise one commercial tower and two residential towers located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island, Lagos, and overlooking the Atlantic Ocean. Dubbed as the ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESVs) have called for a total overhaul of some of their professional practice regulation The review of these regulations and laws would not only aid the practice of estate surveying in Nigeria, but will also place the realtors on a global competitiveness and thereby boosting real estate sector of the ...

The immediate past Commissioner for Physical Planning and Urban Development in Osun State, Architect Muyiwa Ige, has reiterated that, if utilised accordingly, the Architects Registration Council of Nigeria (ARCON) Act 2004 will eradicate quackery in the architectural practice in the country. Ige, who was a two-time Chairman of the Nigerian Institute of Architects (NIA) Oyo State Chapter, said the professional ...

As members of the Nigerian Institute of Architects (NIA) gather this week in Abuja for its “BGM 2015”, development of the city will form the focus of technical paper presentations. Specifically, the group’s conference coming between Wednesday 18th and Saturday 21st November, 2015, will the architects opportunities to expose its members on how best to response to city challenges. According ...

Unable to establish any miscarriage of justice, the Supreme Court of Nigeria, has said it would not disturb the concurrent findings of the lower courts save in exceptional circumstances. With these words, Justices Ibrahim Muhammad, Muhammad Muntaka-Coomassie, Olabode Rhodes-Vivour, Nwali Ngwuta and Kumai Aka’ahs of the apex court brought to an end a land tussle between one Ibrahim Sakati, the ...