Tag Archives: REIT

The Association of Estate Agents in Nigeria (AEAN) held its 2nd annual conference in Lagos. Many delegates and guests from all over the country attended the conference which was tagged “Estate Agency Practice and National Development.” According to This Day, Mr Chudi Ubosi, the Chairman of the Association stated that AEAN is a body being midwifed and launched by the ...

“Fresh prospects may be available to real estate investors seeking property ownership without the attendant expenses or difficulties of being a landlord. Their hopes rest on statements about the availability of a well-managed Real Estate Investment Trust (REIT), made recently by one of Nigeria’s leading property development companies, Top Services Limited (TSL). Bennett Oghifo writes Top Services Limited (TSL), a ...

Investment in real estate has been one of the oldest and most common forms of investment dating back to the beginning of human civilization, evolving into a more sophisticated market having its own real estate backed securities, which could be issued privately or on the domestic/international capital market. The desire to pool resources from multiple investors to acquire prime real ...

Investors in real estate and general infrastructure have been advised to leverage Real Estate Investment Trusts (REITs) as a viable alternative to traditional sources of project financing. This is recognizing that a major constraint to the growth of the real estate sector in Nigeria is funding which, analysts say, suffers from short-term deposit supply and long-term lending demand mismatch. The complexity and capital intensive nature of real estate developments and transactions, the analysts add, demands proper and adequate funding, ...

The UPDC REIT has declared a total of N0.87k distribution to unitholders for the 19 months period ended December 31, 2014. Besides, an interim distribution of N0.56k was earlier made to unitholders for the 13-month period ended June 30, 2014 while a final distribution of 0.31k was also paid to unitholders for the 19 months period ended December 31, 2014. ...

In order to facilitate the establishment of an efficient and viable Real Estate Investment Trust (REIT) regime in the country, experts have urged the authorities to fashion out a new tax regulation that will enhance equitable administration of value in the real estate sector. They also called for an urban planning processes to create an improved enabling environment, which will ...