Real Estate

Driven by a need to have befitting edifice that would among other things shore up its revenue base, the Nigeria Bar Association (NBA), has shown stronger appetite for property acquisition and development and thus it has unveiled a six-storey complex that would serve as its Lagos Secretariat. The umbrella body of all legal practitioners in Nigeria has also commenced construction ...

Apparently worried by the high cost of housing delivery in Nigeria, the Federal Government has begun to woo key players and stakeholders in the public and private sectors of the economy with concessions and waivers that would enable them provide affordable housing to millions of homeless Nigerians. Indications to this effect emerged last week at one-day pre- summit for the ...

In an effort to amicably resolve a lingering crisis involving the Economic Community of West African States (ECOWAS) and the Federal Capital Territory Administration (FCTA), over the former’s property, the Federal Government has waded in, raising a committee saddled with the responsibility of proffering solution to the dispute. In a meeting with the ECOWAS President, Mr. Kadré Désiré Ouadraogo, in ...

There has been growing anxiety at the Ikoyi Police Barracks, Lagos, since the resident police officers learnt that the barracks had allegedly been sold to private developers. According to PUNCH Metro, the barracks situated in a fenced compound on Ruxton Road, Ikoyi, Lagos, has 18 flats and houses no fewer than 16 senior police officers with their families. Our correspondent ...

In a bid to rebuild the landscape of the state under its urban development programme, the Ogun State Government has finally sealed a deal with a concessionaire for the development of a new settlement that would be known as a Mitros city. Mitros, an acronym for Mission To Rebuild Ogun State, is a new housing estate, to be sited by ...

Cost experts in the construction industry under the aegis of the Nigerian Institute of Quantity Surveyors (NIQS), Lagos Chapter, has expressed worry over the manner in which public servants go about award of contracts and said the way out to streamline high level of irregularities is for the Federal Government to heed the call to institute a Nation Council on ...

The residents of Emuren Remo in the Sagamu Local Government Area of Ogun State have called on the state government to fix the roads that lead to the community from Sagamu and Lagos ends. They said the roads, which had become almost impassable, was constructed by the late sage, Chief Obafemi Awolowo, in the 50s. They added that the roads ...

Messrs Eagle Hills, the Abu Dhabi-based real estate investment and development company handling the development of Abuja Centenary City, has appointed construction giants, Julius Berger Nigeria PLC as a key collaborator and developer of the multi-billion dollar city. Centenary City is a joint venture between the Federal Government and Eagle Hills to create the city of the future in Abuja. ...

Not relenting in finding a lasting solution to the cases of building collapse in Nigeria, relevant stakeholders last week met in Lagos to exchange ideas on ways to contend the incidents. The event was the 2014 Seminar/Luncheon organised by the Lagos Chamber of Commerce and Industry, held at Henry Fajemirokun Hall, Commerce House, Victoria Island, with the theme: “Building Collapse: ...

Worried that the Lagos authorities may take over a large chunk of its landed property without adequate compensation, Lekki communities have urged the State government to look elsewhere in attempt to construct the proposed Lagos 4th Mainland Bridge in the metropolis. They say that other developmental projects, like the Lekki Free Trade Zone (LFTZ) have robbed them of their land ...