Real Estate News

The Vice President, Council for the Regulation of Engineering in Nigeria, Prof. Charles Uko, has called on the Federal Government to utilise rigid pavement in the construction of roads in the South-South region of the country due to its peculiar terrain. The slip form of concrete pavement design is being introduced into the construction of the 20-kilometre product evacuation road ...

Officials of the World Bank have expressed satisfaction with the construction of 224.62 kilometres of rural roads in Osun State by the Rural Access and Mobility Project (ORAMP). The ORAMP, which is a six-year World Bank and French Development Agency assisted project in collaboration with the Osun State Government, is seeking to improve transport conditions and bringing sustained access to ...

A developer, Cobble Hill Investment Company, has unveiled the ‘The Shoppes Mall’, which will impact positively on the retail sector of the real estate industry in Lagos. The mall, located on Market Road, Oniru, Lekki, Lagos, is an ultra-modern lifestyle shopping centre that will cater to the needs of the Oniru and Lekki neighborhoods. Designed on modern architecture principles that create a ...

Dispute over Lekki land – A proposal by the Lagos State Government, through its agency, New Towns Development Authority (NTDA) to convert the original use of a landed property located at Plot 8, Block 138, Lekki Peninsula Residential Scheme 1, Lagos State, known as NEPA Reservation for another use is raising some dust within the fast growing town. The land, ...

Registered in Mauritius, the Grand Towers Group developed the first Shoprite-anchored mall in Abuja and the Grand Towers Abuja Hotel which was commissioned in March 2013. “We are partnering with Shoprite – which has planned a massive rollout of 50-60 malls in Nigeria – and other multi-national tenants seeking access to this unserviced market in the development of further malls ...

A study by Forest Service’s Northern Research Station, University of Pennsylvania and Yale School of Public Health, United States America has said the move by the immediate past Lagos State Government to acquire all abandoned properties in the state was in good direction. Reason? Abandoned properties acquired by the government and improved upon could be a major way to reduce ...

Delighted at the pace of the project, the Ondo State Government has renewed its pledge to deliver an international event centre, popularly referring to as “The Dome”, in not-too-distant future. Ondo State Governor, Dr. Olusegun Mimiko, has submitted that at the completion of the event centre, The Dome will become the number one tourism corridor in the country. According to ...

NBCC solicit legal framework for affordable homes The Nigerian-British Chamber of Commerce (NBCC) has called on the government to come up with viable legal framework for real estate sector to provide affordable houses for Nigerians. This was made known by the Managing Director, UACN Property Development Company Plc (UPDC), Mr. Hakeem Ogunniran at the NBCC Breakfast Meeting held in Lagos. ...

The spate at which buildings are being collapsed in the metropolis, especially, in the Lagos Mainland has become a source of worry to the stakeholders. Their concern was reflected at an interactive session organised Building Collapse Prevention Guild (BCPG), a nongovernmental organization (NGO) and the Lagos State Building Control Agency (LASBCA). The forum, held at Yaba Local Government Secretariat last ...

According to Nigeria’s Ministry of Lands, Housing and Urban Development, the country needs about N59 trillion to address Nigeria’s housing deficit by adding two million units each year. Stakeholders believe Nigeria’s N4.7 trillion pension funds must play a key role in bridging the gap. Kehinde Ogundimu, CFO, Nigeria Mortgage Refinance Company joins CNBC Africa to discuss how pension funds can ...