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Despite COVID-19, Grit Real Estate achieves 91% rental collection

In the face of the COVID-19 pandemic mired with mass concessions, re-negotiation, restructuring activity and more, GRIT Real Estate, a pan-African real estate company on Friday, July 3rd 2020, stated in their Trading and Portfolio Performance Update that for the period March to June 2020, the Group collected 91% of the value of its contracted […]

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Actis-backed Education group acquires Nigerian University

Honoris United Universities, an Actis backed pan-African education group with universities in Tunisia, Morocco, Mauritius, South Africa, Zimbabwe and Zambia has made its entry into West Africa, through Africa’s largest economy, with the acquisition of Nile University of Nigeria. Nile University, previously owned by First Surat Nigerian Ltd, owners of Nigerian Tulip Schools, is a […]

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Mixta Africa announces two new appointments

Effective from 1st of July, 2020, Mr Kola Ashiru-Balogun, who previously served as the Managing Director of Mixta Nigeria between 2015 – 2020, will serve as the new Chief Operating Officer (COO) for Mixta Africa Group.  Mr Kola, as the COO of Mixta Africa Group, will take over coverage of the company’s North and West […]

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Post Event Report: Douala Grand Mall Tenant Forum

Broll Nigeria organized an informational webinar to take participants through the brand new Douala Grand Mall development. The Douala Grand Mall, developed by Actis and a local partner; Craft Development, is located close to Bonapriso, the wealthiest region in Cameroon’s largest city. According to Broll, the mall has a catchment area of 4 million inhabitants […]

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15 Douala Grand Mall Facts For Prospective Tenants (Infographic)

Here are key facts about Douala Grand Mall for prospective tenants: For more information and leasing enquiries, go to doualagrandmall.com or please contact LToye@broll.com.ng  or retail@broll.com.ng.

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Mr. Price to exit Nigeria by H1:2021

During their most recent Annual Results Presentation Webcast, the Mr. Price Group announced their plans to exit their Nigeria business. The publicly traded retail company with headquarters in South Africa has apparel, homeware and sportswear stores in its portfolio. According to their website, the group is in 1,323 stores globally, 5 of which were originally […]

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Another Prime Disposal in Twin Lakes Estate, Lekki

Eight months after the acquisition of a 14.5-hectare educational facility by James Hope College, another 8.2-hectare of mixed-used land has come up for sale in Twin Lakes Estate via Broll Nigeria.  Twin Lakes Estate is a mixed-use site and service development sponsored by Chevron Nigeria Limited Pension Fund. It was built by Julius Berger Plc. […]

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Delivering Mass Housing as a path to Nigeria’s Economic Recovery

In response to the challenges caused by the COVID-19 pandemic, President Muhammadu Buhari established the Economic Sustainability Committee (ESC) led by the Vice President; Yemi Osinbajo. The committee delivered the Nigerian Economic Sustainability Plan outlining objectives and key projects for various sectors, where a Mass Housing Programme expected to deliver up to 300,000 homes annually, […]

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Newly Appointed Oniru of Iruland freezes family accounts

On Tuesday, June 9th, 2020, the Oniru Royal Family issued a public notice announcing the appointment of Oba Gbolahan Lawal as the Oniru of Iruland. The public notice signed by the newly appointed Oniru and the counsel to the royal family instructed all bankers to place a Post No Debit (PND) order on the family’s […]

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Nigeria’s Real Estate Services sector worsens while Construction strengthens in Q1:2020

According to data published by the National Bureau of Statistics (NBS), the Nigerian Real Estate Services sector recorded a negative growth rate of -4.75% in Q1:2020. The sector began to slow down in 2015 and fell into recession during Q1:2016. Since then, 17 quarters have passed and all but Q1:2019 were negative. This performance speaks […]

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