Nigeria Losing Out As Real Estate Capital Flows Shift From Sub-Saharan Africa To Europe

Nigeria Losing Out As Real Estate Capital Flows Shift From Sub-Saharan Africa To Europe

Currency volatility and lack of liquidity were the two main factors hindering real estate capital flows into sub-Saharan Africa in 2016, according to a report by real estate advisory firm JLL. They’re some of the reasons why real estate capital flows have been shifting from sub-Saharan African to Eastern and Southern Europe. Nigeria and Zimbabwe in particular struggled because of […]

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Oakwood Residences, Cooper/Femi Okunnu Road, Ikoyi – Lagos

Oakwood Residences, Cooper/Femi Okunnu Road, Ikoyi – Lagos

Name: Oakwood Residences; Developer: Heroes Properties Limited; Location: Cooper/Femi Okunnu Road, Ikoyi; Floors: 7; Use: Residential; Contractor: H.F.P Engineering Limited; Architect: Amarch Consultants; Structural Engineers: Builders Optimal Module (BOM) Associates; Mechanical and Electrical Engineers: Q-Tech Engineering Limited; Quantity Surveyors: Folamak Partnership; Interior Design and Finishing: SIL Design and Build. The Oakwood Residences is a 7 floor twin tower residential development located on Cooper/Femi Okunnu Road but also […]

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Development: Eko Tower II, Victoria Island – Lagos

Development: Eko Tower II, Victoria Island – Lagos

Name: Eko Towers II; Location: Adetokunbo Ademola Street, Victoria Island – Lagos; Floors: 27; Contractor: Cobel Construction; Architects: Enia Architects; Client: Eko Hotels Limited; Use: Mixed (Medical and Social Centre, Guesthouse, Accommodation unit, Restaurants and Bars, Conference Centre). The Eko Towers II is a 27 floor mixed use development at the Adetokunbo Ademola Street Roundabout (Eko Hotel Roundabout) in […]

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Housing deficit in 2017

Housing deficit in 2017

According to NOI Polls’ 2014 National Survey, 31 percent of adult Nigerians live in their personal houses; built, bought or inherited. To fill up the deficit, the country needs a minimum of N56 trillion, according to the estimate. High costs of land and building materials have been identified as main impediments to the construction of […]

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Recession: Business has gone bad for Real Estate firms in Lagos as they slash prices by half

Recession: Business has gone bad for Real Estate firms in Lagos as they slash prices by half

The current economic recession in the country has hit so bad that the multinational and indigenous firms are cutting down on expenses, giving rise to a high number of vacant grade ‘A’ office buildings across the country. Investigations by our correspondent showed that the occupancy rate of luxury office complexes was as low as 30 […]

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