Real Estate News

UAC of Nigeria plc (UACN) may need to fortify its strategy in the remaining two quarters of this year if it remains committed to actualizing 2015 revenue target and improve profitability level. UACN, which is one of the largely capitalized companies on the Nigerian Stock Exchange (NSE) is a diversified business with activities in the following principal sectors: manufacturing and ...

The Veteran actress and wife of the late Nigerian playwright, Hubert Ogunde, Idowu Philips, popularly known as ‘ Iya Rainbow ’, in a recent interview with Punch has revealed how she got involved in Real Estate business. Excerpts from the interview below: “Q- Not many people know that you are into real estate. How did you get involved in the ...

A residential masterpiece in the heart of The Federal Capital Territory, Abuja, Pinnacle is nearing completion about one and half years after the developer, UACN Property Development Company commence work on it. The Pinnacle estate is a housing estate located on 4,996 square meters on 1, River Potoka Close, Off Madeira Street in the prime area of Maitama, Abuja. With ...

Nigeria’s National Assembly is undertaking a world-class permanent site for legislative studies, located in the FCT, Abuja. The building project which will gulp N52.031billion will be completed around November this year. At completion, the edifice will be named the National Institute for Legislative Studies. At the moment, construction works are in peak in a project having its contract conditions as ...

Abuja Housing Show, promoter of housing programmes in the Federal Capital Territory (FCT) on Friday urged President Muhammadu Buhari to prioritize provision of housing. Chief Executive Officer of FESADEB Communication Limited, Festus Adebayo, organizer of Abuja Housing Show told Daily Trust that housing should be given major attention because housing development stimulates economic growth and job creation in the economy. ...

Investors in real estate and general infrastructure have been advised to leverage Real Estate Investment Trusts (REITs) as a viable alternative to traditional sources of project financing. This is recognizing that a major constraint to the growth of the real estate sector in Nigeria is funding which, analysts say, suffers from short-term deposit supply and long-term lending demand mismatch. The complexity and capital intensive nature of real estate developments and transactions, the analysts add, demands proper and adequate funding, ...

Iyana Ipaja Market area of Lagos state got razed by Fire at 1am today, 2nd June 2015. It was gathered that around 1am today, a petrol tanker fell off the bridge running into a nearby mosque as it supplied the drainage systems with plentiful amount of fuel. Residents were awakened to a rapidly spreading fire from the point of impact ...

The Kogi State Commissioner for Lands and Housing, Mr. Stephen Maiyaki, has been kidnapped. The News Agency of Nigeria (NAN) gathered that Maiyaki was kidnapped by people numbering up to six at about 8.30 a.m. on Sunday in his farm at Osara in Adavi Local Government Area. The Police Public Relations Officer in the state, Mr Shola Adebayo, confirmed the ...

I am sure most people who came across the Sack Your Landlord contest would have called it a fluke and moved on with their daily internet surfing without giving it a second thought, but hey, ‘action will always prove the doubt that theory cannot solve’.   It was all smiles yesterday for the 3 contestants who emerged winners of the ...

AS Nigerians from all walks of life continue to seek solutions to wide spread corruption in the nation’s polity, the Bureau of Public Service Reforms (BPSR), is of the view that corruption especially, in the Federal Civil Service will reduce drastically if arrangements are made for workers to own their houses at retirement. The Director-General of the Bureau of Public ...