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Real estate sector has not recovered from recession – Expert

The Managing Director of Alpha Mead Facilities and Management Services Limited, Femi Akintunde, has stated that despite an improvement in macroeconomic fundamentals in the country, that activities in the real estate sector is not responding accordingly.

Akintunde, who stated this during the AMF annual Facility Management Roundtable, hinted that he was optimistic that as facilities managers, they can stimulate the desired growth in the property market by instigating positive experience for facility users.

The FM expert who called for collaboration between private and public-sector players in the real estate sector indicated that the move was a response to feedback from last year’s edition of the event where there were calls to include the public sector in discussions around facilities management and real estate contributions to Nigeria’s GDP.

The theme for the 2018 World FM Day: ‘Enabling Positive Experiences’ which is slated for May 16, highlights how facilities managers across the world are playing integral roles in enabling positive experience for all stakeholders in the real estate value chain.

AMF however, domesticated the global theme to reflect the current realities within the country’s real estate and FM industry. Hence the 2018 FM Roundtable is themed: ‘Enabling Positive Experiences in a Post-Recession Real Estate Market’. He pointed out that the theme is quite apt considering the slow recovery of the real estate sector despite exiting recession few months ago.

Meanwhile, the International Facility Management Association (IFMA), Nigerian chapter will be celebrating the 2018 World Facility Management Day with the students of the Government Technical College, Agidingbi, Ikeja. The theme for the celebration is, ‘Enabling Positive Experiences: Inspiring the Technical Students for a Better Tomorrow’.

Pius Iwendu, president, IFMA Nigeria, explained that the World FM Day has become a veritable platform that promotes the importance of facility managers in the overall growth and preservation of infrastructure and assets in the built environment.

The Nigerian FM Roundtable is an annual Business-to-Business event initiated in 2012 by Alpha Mead Facilities, in commemoration of the World Facilities Management Day. It has played host to close to several top executives in the public and private sectors in Nigeria, Ghana and beyond.

Credit: Independent

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