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Sanwo-Olu flags off reconstruction of Ibeju Lekki-Epe highway


Phase II of project to start next year says Governor. Lagos State Governor, Mr. Babajide Sanwo-Olu, rolled out a major infrastructural overhaul in the Epe Division of the State, flagging off the reconstruction of Eti Osa-Lekki-Epe Expressway 40 years after. The Governor flagged off the first phase of the road project on Sunday at a ceremony held at the Pan ...

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Developers lament stalled housing projects in Abuja

housing projects

Property developers in the Federal Capital Territory, Abuja, have lamented that the COVID-19 locked down stalled their housing projects that would have been completed to boost the nation’s stock. One of the firms affected is Brains and Hammers, a real estate development company. The Project Director, Mr Muktari Musa revealed its projects, which were conceived as self-sustaining and affordable programmes, ...

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COVID-19 Presents Investment Opportunities In Real Estate

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Despite the devastating impact of COVID-19 on all sectors of the economy, experts believe it is not over for real estate, even as they reel out silver linings for investment. Dayo Ayeyemi reports  To conservative individuals, this is not the best time for real estate investment due to COVID-19 crisis, which, within the space of five months, has partially eroded ...

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REDAN hails FG’s private sector economic sustainability plan


President, Real Estate Developers Association of Nigeria (REDAN), Alhaji Aliyu Oroji Wamakko, has hailed federal government`s Economic Sustainability Plan (ESP) initiated in response to economic challenges caused by COVID-19 pandemic. Wamakko enjoined the federal government to tap into the huge job creation potentials in the private sector in its efforts towards Nigeria’s economic growth and development. He stated this on ...

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Urhobo group urges Buhari to intervene in illegal sales of lands by military


An appeal has gone to President Muhammadu Buhari to prevail on the Nigerian Army to halt the illegal sales of Urhobo lands hitherto acquired for military purposes.   The appeal was contained in a press briefing by the President-General of Urhobo Progress Union (UPU), Olorogun Moses Taiga, at his Ikoyi residence in Lagos. Taiga disclosed that Urhobo communities in Delta State ...

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Developers plan 77, 400 housing units


REAL Estate Developers Association of Nigeria has announced plans to roll out 77,400 housing units for low and medium-income earners across the country to complement the Federal Government’s efforts in bridging the nation‘s huge housing deficit. The association said the planned 77,400 housing units would create 2.2  million direct jobs and urged government at all levels to assist developers by ...

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Developers embrace unitisation to fund real estate

real estate

In the property market where it has become increasingly difficult to obtain long-term financing, property developers are turning to alternative funding to shore up their portfolios. One of the new concepts being adopted is known as unitisation, which offers discerning investors easier entry into commercial real estate investment. The model also gives investors gateway to diversify their property portfolio because ...

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