Tag Archives: NREH

Real Estate professionals have called on the newly appointed Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, to engage all professional bodies within the construction industry to chat a common course on housing delivery. The dialogue, according to them is inevitable, as all the professional bodies within the industry needed to make input in order for the minister ...

A Lagos-based developer, Messrs Grenadines Homes has launched a new luxury business and residential development in the city’s skyline. The project christened Atlantic Resort is to be built on 3.4 hectares of land and will comprise one commercial tower and two residential towers located on Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island, Lagos, and overlooking the Atlantic Ocean. Dubbed as the ...

Members of the Nigerian Institution of Estate Surveyors and Valuers (NIESVs) have called for a total overhaul of some of their professional practice regulation The review of these regulations and laws would not only aid the practice of estate surveying in Nigeria, but will also place the realtors on a global competitiveness and thereby boosting real estate sector of the ...

Blackstone Real Estate Partners, an affiliate of New York-based private equity firm The Blackstone Group, has exited its investment in Bengaluru-based real estate project management consultancy Synergy Property Development Services. “After seven years, there is a closure of fund and, hence, we bought 50 per cent of the 35 per cent stake Blackstone hold,” said Sankey Prasad, chairman and managing ...

Unable to establish any miscarriage of justice, the Supreme Court of Nigeria, has said it would not disturb the concurrent findings of the lower courts save in exceptional circumstances. With these words, Justices Ibrahim Muhammad, Muhammad Muntaka-Coomassie, Olabode Rhodes-Vivour, Nwali Ngwuta and Kumai Aka’ahs of the apex court brought to an end a land tussle between one Ibrahim Sakati, the ...

In this interview with Nigeria Real Estate Hub(NREH) correspondent, Elsie Godwin, Mr. Aboderin opines that to reduce quacks in the practice of Real Estate Agency, the professionals must begin to act professionally. He also gave pointers to recognizing a professional Estate Agent from the quacks and highlights the potentials in being a registered member of NIESV. Mr. olalekan Aboderin is ...

Against the backdrop of the widening housing deficit in the country the need for governments at the federal and state level to see the issue of housing as an urgent matter of concern and priority cannot be over stressed. Just last week, the immediate past Governor of Lagos state, Babatunde Raji Fashola (SAN) among other appointed Minsters, was assigned the ...

As part of efforts in making houses affordable for Nigerians, the Federal Government has commenced the construction of 150 units of two and three-bedroom flats in Akure, the Ondo State capital. The project, which is being handled by Meadville Building and Construction Company, is expected to be completed within the next three months. Speaking during the inauguration of the programme, the ...

Nigerian Deposit Insurance Corporation (NDIC) has succeeded in moving the Court of Appeal, Lagos, to set aside a ruling of a Lagos High Court, which held that the corporation’s suit on the lingering crisis on the ownership of an imposing complex, popularly known as Fortune Towers, situated at No. 27/29 Adeyemo Alakija Street, Victoria Island, Lagos, was an abuse of ...

Disturbed by the incidences of collapsed buildings in Lagos metropolis with the seeming hopelessness of stemming the tide, builders took a critical look at the past efforts by the officials in addressing the menace. However, stakeholders in the built environment, who commented on the matter, were of the view that government, as a matter of urgency, should be more proactive ...