Real Estate

At the First distinguished lecture series of the Nigerian Institute of Architects (NIA) which was held Thursday in Abuja, the former Vice President Alex Ekwueme, president of NIA between 1967 and 1968 deliver the first lecture entitled “Architecture Management and Participation of Architects in Nigeria’s Political Process.” Top issue among issues of discourse was architectural curriculum review Alex Ekwueme opened ...

It is generally believed that landlords are belligerent, troublesome people who lord their properties over tenants and try to make life uncomfortable for them but this is not always true. Just as tenants have been at the mercy of landlords, landlords have also been treated with contempt and maligned by tenants. Frustrated with tenants who refuse to pay rent, damage ...

Urbanization is an unavoidable global trend that has held sway since time immemorial. The situation is so intimidating that many governments are usually in a fix as to how to tackle its excesses. Though Africa is reportedly a late starter in the urbanization race, it is urbanizing at such an alarming rate that predictions suggest Africa will enter the urban ...

Pinnacle Entertainment, which is in process of splitting into two companies, confirmed Monday that it is in talks to sell its real estate assets to Gaming and Leisure Properties Inc. In March, casino property owner Gaming and Leisure Properties publicly announced that it offered to buy Pinnacle’s real estate assets in a deal it valued at $4.1 billion, including debt. ...

Veteran Rex Rudy who has more than 20years of experience in the industry has been hired by U.S. Bank to head its commercial real estate division, succeeding Joe Hoesley, who retired in March. Rudy most recently serves as managing director and group head of real estate investment trust (REIT) finance at Wells Fargo. Rex is an experienced commercial real estate ...

More than 100 South African companies are doing business in Nigeria, according to a Vanguard report in AllAfrica. Des de Beer, director of Resilient Africa Real Estate, identified Nigeria as the country where he believes his group can best replicate its South African retail property model. Resilient, one of South Africa’s largest owners of rural malls, is in a joint venture with Shoprite to build ...

AN ambitious real estate project, classified under the new neighborhoods, christened as Orange Island, to cover 150 hectares of land, located within Lekki corridor in Lagos State, is already underway. The project to be delivered in two phases has been described as one of the means by which the Lagos State Government intends to transform the landscape of the state ...

Olive Court, a premium residential estate, is a joint venture between the Oyo state Government and UPDC Plc. It is located on 2.04 hectares of land with beautifully designed, generously spacious houses coupled with excellent leisure services Exactly 18 months from the takeoff time, a frontline real estate firm in Nigeria, UACN Property Development Company, will be delivering the second ...

The Lagos  State Government has insured the Lekki-Ikoyi Link Bridge, roads and other important state-owned infrastructures for N133 billion against terrorists attack and natural disasters. This was disclosed by the Commissioner for Finance, Mr. Ayo Gbeleyi while speaking on the financial activities of the state government in the last one year. According to him, “Strategic assets such as bridges, drainage ...

In view of successfully tackling the housing deficit in Lagos state and continuation of its major housing delivery plan for 2015, the state government has concluded partnership with seven private developers to deliver 687 housing units’ projects. The firms: Messrs Nicobana Nig. Ltd., who is to deliver five units of 4-bedroom apartment at 21, Turnbull Road, Ikoyi; Messrs CSB/Prosper Garden ...