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Tag Archives: real estate

FIABCI to honour and promote institutions, individuals in real estate sector

FIABCI to honour and promote institutions, individuals in real estate sector

Reports show that the Nigerian chapter of the International Real Estate Federation (FIABCI) plans to honour and promote individuals and institutions recognized as drivers of growth in the real estate sector. The Guardian reports that the award by the federation is an integral part of its Annual Award and Business Dinner 2017 and will help motivate the domestic real estate ...

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Propertygate’s boss speaks on structural problems of mass housing

Lagos house prices and economic recession

The Guardian reports that a frontline Real Estate Operator and Managing Director and Chief Executive Officer of Propertygate Development and Investment Plc, Mr Adetokunbo Ajayi has identified some structural problems affecting the government’s mass housing project and proposed measures to revamp them. In an interactive session with the media on how Propertygate has fared despite the recession, Ajayi explained that lack ...

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Aframero calls for govt intervention in the furniture and design sector

Aframero calls for govt intervention in the furniture and design sector

Aframero Limited, an Nigerian provider to the building industry, has called for government’s intervention in the furniture and design sector to make it self-sufficiency in local production. The Guardian reports that the Managing Director, Aframero Limited, Mrs Yetunde Oghomienor who spoke at the company’s customers’ forum in Lagos, noted that 2016 has been an interesting year due to the cost of ...

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NIA urges FG to look into multi-level housing approach

NIA unveils new models for housing

The Nigerian Institute of Architects (NIA), has called on the Federal Government to look into several options to tackle the country’s housing deficit. NIA made this known during a visit to the Minister for Power, Works and Housing, Mr. Babatunde Fashola. The Nation reports that NIA’s President, Tonye Braide, said the institute had developed concepts on mass housing, which proposed an ...

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LBIC reorganizes operations, begins estates’ renewal scheme

FHA to partner with UN-HABITAT, others on national housing

The Guardian reports that Frontline Primary Mortgage Bank (PMB), Lagos Building Investment Company Plc (LBIC), has kick-started the renewal of all estates under its purview to enhance their economic value and make them safer for residents. According to The Guardian, the company also repositioned itself as the premier mortgage institution creating opportunity for ownership of good quality, contemporary and well-maintained ...

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Lekki Gardens repositions, assures clients and stakeholders of safe investment

Lekki Gardens repositions, assures clients and stakeholders of safe investment

The management of Lekki Gardens Estate Limited has assured its clients and stakeholders that their investment is safe and appreciating in value, despite the current economic downturn. The firm also made it known that it has repositioned to ensure timely delivery of quality and affordable housing in the country. Vanguard reports that the Managing Director/Chief Executive Officer of Lekki Gardens ...

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Restaurants top Retail Real Estate Deals in Philly Area

Restaurants top Retail Real Estate Deals in Philly Area

According to Philly.com, one in four retail real estate deals in Philadelphia area is a restaurant, and this is driven by demand, a younger clientele, and a challenged retail landscape. Philly.com reports that, one in four retail real estate transactions these days is for a spot to eat and drink. From trendy, chef-driven venues in Center City to outposts of ...

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AMCON gets ‘takeover’ order on CityScape over nearly N6billion Debt

AMCON gets ‘takeover’ order on CityScape over nearly N6billion Debt

The Asset Management Corporation of Nigeria (AMCON) has been granted interim orders by the The Federal High Court Lagos Division to take over  Cityscape International Limited’s assets over its nearly N6 billion debt. According to The Guardian, the debt-induced take-over profile of the Asset Management Corporation of Nigeria (AMCON), has risen as the Federal High Court Lagos Division granted it an ...

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Lack of Funds Threatens Gombe Water Project

Lack of Funds Threatens Gombe Water Project

The Gombe Water Project is currently being stalled by lack of funds. This is based on a statement by the Manager of Gombe State Water Board, Isa Muhammad, who revealed in a report by The Guardian that prolonged maintenance at the treatment plant has put the state capital in an acute water scarcity.  Muhammed said the Board would soon establish a ...

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