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Institutional Investment in Lagos Healthcare.

Currently inadequate and largely ill-equipped, the Nigerian healthcare supply has been driven by the government and private participants. The perceived lack of adequate quality facilities in the country has prompted those who can afford it to seek treatment abroad. According to the Nigerian Sovereign Investment Authority, Nigerians spend as much as $1bn per annum on […]

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Actis-backed Rack Centre announces $100m expansion to create West Africa’s Largest Data Centre

Rack Centre has announced a $100m expansion in a bid to create West Africa’s largest data centre. The Actis-backed company outlined a programme that will increase capacity to a total net lettable white space of 6,000sqm and allow for 13MW of IT power capacity in its Lagos campus. This will be in addition to the […]

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Desiderata in Banana Island is now 100% leased

Desiderata, a 4,654sqm A-Grade office property in Banana Island – Ikoyi, has now reached full occupancy.  Troloppe Property Services represented the landlord as the lead leasing consultant alongside other leasing agents such as Madingwa Real Estate and Templetons. Tenants in the property include International Breweries (AB InBev) and Saipem. Speaking directly to Estate Intel, Leye […]

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Co-operative societies of Shell, Mobil and Total are currently developing 200 housing units

Last week, we published an article on the development of La Definition, a 3 tower development by Total E&P Nigeria Staff Multipurpose Co-operative Society Limited and we have decided to explore at how different cooperatives of notable international oil companies in Lagos are adding to the total supply of multi-family residential units to the Lagos […]

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5 Recent Nigerian Real Estate Startup’s helping with easier living

Living in Lagos is enough of a struggle as is, particularly for young professionals who want to be focused on being as productive as possible. By utilising technology, startups are building solutions such as rent splitting, home concierge services, among others in easing living difficulties.   We currently track 72 Proptech companies, an increase from 58 […]

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Be a part of our research exercise on Housing for the Young Demographic.

Estate Intel is carrying out a survey to understand housing-related preferences and trends among young professionals and students. Kindly fill out this form to participate.

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What happens after the expiration of the 99 years lease term for land?

According to Section 1 of the Land Use Act of 1978, the law vests the ownership of all land in the country to the State Government and that power is held by the Governor. Under the Act, the nature of interests in real property is leasehold for terms not exceeding 99 years. This means that […]

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Union Homes REIT reports 100% Occupancy Rates in 7 out of 9 properties as at July 2020.

Union Homes Real Estate Investment Trust on 3rd of August, 2020 published its Key Performance Metrics for July 2020. The REIT currently holds 9 residential properties in its portfolio with a net asset value of ₦10.024bn up from ₦9.918bn from the same period last year. Average occupancy rates increased from 64% to 97% leading to […]

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Custodian Investment set to acquire 51% of UACN Property Development Company

On Monday the 3rd of August, UAC of Nigeria PLC (UAC) announced that a binding agreement with Custodian Investment PLC (Custodian) was signed for the purchase of a 51% equity interest in UACN Property Development Company PLC (UPDC).  This transaction is a major change and a new era for UPDC, which operated first as a […]

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NMRC partners with HouseAfrica.io to implement Nigeria’s first Digital Property Verification & Valuation System

On the 22nd of July, 2020, Nigerian Mortgage Refinance Company (NMRC) and Real estate blockchain startup, Houseafrica.io signed an agreement to implement a Nigerian Digital Property Verification & Valuation System, Propvat.com designed to make land bankable, increase access to credit and reduce turnaround time for mortgage transactions. The system will make it possible for individuals […]

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