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Development: Pacific Manor, Atlantic Nominees Estate, Ajah – Lagos

Name: Pacific Manor; Developer: DRADROCK Real Estate Ltd; Address: Atlantic Nominees Estate; Use: Residential; Size: 6,400sqm; Architect: DRADROCK Real Estate Ltd; Estimated Completion Date: Q2:2021; Construction Status: Ongoing.   Pacific Manor is a gated community located within Atlantic Nominees Estate Ajah, Lagos, which is a less than a 20 minutes drive from Victoria Garden City, […]


CDC Group announces two new appointments

CDC Group (CDC), the UK’s development finance institution announced the appointment of Seema Dhanani and Benson Adenuga as Heads of Office for Kenya and Nigeria, respectively. Tenbite Ermias, CDC’s Managing Director for Africa, commented:  “The appointment of Seema and Benson adds powerful depth to our in-country presence in two leading African markets. Their expertise and […]


Building Obsession: Hotel CEIBA

With a land mass of 36,125sq.km and GDP of $1.4bn in 2018, Guinea-Bissau is among the smallest West African countries by land mass and the 3rd smallest in Africa by economic size. The completion of Hotel CEIBA, a luxury 180-key boutique property in the capital Bissau, during 2018, significantly changed the landscape for commercial real […]


STANLIB Kenya to sell management rights of Stanlib Fahari I-REIT to ICEA Lion

STANLIB Kenya Limited (SKL) plans to dispose of its investment management mandates, rights, and obligations for STANLIB Fahari I-REIT to ICEA Lion Asset Management Limited (ILAM). However, ILAM will not assume any debts or liabilities of SKL in connection with or related to its REIT.  As stated in the announcement: “The assets being acquired by […]


Development: Office Development, Ahmadu Bello Way, Victoria Island – Lagos

Name: Office Development; Developer: Private Individual; Location: Ahmadu Bello, Victoria Island, Lagos; Use: Office; Number of Floors: 8; Main Contractor: Cappa and D’Alberto Plc; Architect: Consultants Collaborative Partnership; Project Manager: Consultants Collaborative Partnership; Structural Engineer: Consultants Collaborative Partnership; MEP Engineer: Melcon M Nigeria Limited; Quantity Surveyor: Ejik Donene And Partners MEP Services Subcontractor: Kenol Nigeria […]


At $8,040, Millard Fuller Foundation is providing affordable homes for low-income earners

The Millard Fuller Foundation (MFF) describe it as a faith-driven organization promoting collaborative partnerships with individuals and organizations in a bid to provide affordable housing for those in need. Its partners are Reall and Family Homes Funds. In contributing to bridging Nigeria’s housing gap, Reall UK partnered with MFF in 2016 to fund the first […]


American International School disposes their Twin Lakes Campus to Jim Ovia backed school

American International School (AIS) recently sold its educational facility in Twin Lakes Estate along the Lekki-Epe Expressway to James Hope College. The educational facility currently includes a property covering 11,000 sqm on a 145,000 sqm plot of land. AIS initially built the property to an advanced carcass level, with the intention to expand beyond their […]


“Unravelling the Real Estate Sector Challenges” – Notes from the 1st RICS Nigeria Group Conference

Royal Institution of Chartered Surveyors (RICS) Nigeria had its first group conference at the Sheraton Hotel, Ikeja this month with the theme, “Unravelling the Real Estate Sector Challenges”. The conference had panel sessions on regulation, development, and funding with panelists contributing an intense discussion that dissected persistent issues and proffered solutions. The notes below provide […]


Zama announces strategic partnership with Landwey

Last week, ZAMA, a real estate platform in Nigeria announced that it has partnered with Landwey, to expand its presence to industry professionals and Landweys’ professional agents. The Zama app will help agents geotag property, access market data on land prices and other relevant data points, organize inspections, add listings etc.  “We reached out to […]


Broll signs property management contract with Actis

Broll Property Group, one of Africa’s leading commercial property services company secured the property management contract to manage properties of Actis across 5 countries in Africa. We can confirm that the 5 countries are Nigeria, Mozambique, Ghana, Kenya and Cameroon. A few of Actis’ active real estate investments in these countries include Heritage place, Jabi […]


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