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Nigeria falls to 4th Position in African Retail Index

A.T. Kearney’s 2015 African Retail Development Index (ARDI) placed Nigeria in 4th position, two places lower than its ranking in 2014 as a result of comparatively low true spending and difficult business environment. The Index covers the top 15 retail markets in Sub-Saharan Africa (SSA), ranking each on a 0 to 100 point scale, where a higher ranking means […]

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Lagos Ranked Among Least Liveable Cities Globally

New analysis from the Economist Intelligence Unit (EIU) has shown that Lagos maintained its position at #137 in a survey examining liveability conditions in 140 cities across the world. Similar to 2014, Lagos ranked with the likes of Damascus in Syria, Dhaka in Bangladesh and other cities in Zimbabwe and Libya. The liveability score is reached through analysis of five category weights, […]

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Introducing the ei African Real Estate Fund Universe

estate intel is pleased to introduce the ei African Real Estate Fund Universe, a tool that provides access to a growing list of international and domestic property funds seeking to invest in African real estate. The total value of funds shown on the Fund Universe is currently up to $2b. Fund closure date, investments made and more […]

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Resilient Africa is Investing $271m in 2nd Tier City Shopping Malls

Updated: 3rd August 2015 By year-end 2016, Resilient Africa is set to have invested $271m developing shopping malls in 2nd tier cities across Nigeria. The company, which was created through a joint venture with Resilient Properties – a leading South African REIT, Shoprite and Standard Bank, is attempting to establish a strong foothold in cities where little or no […]

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South African Investor Acquires 37.1% in The Wings Office Towers

Earlier this month, a South African property investment and development company named Pivotal entered into an MOU to acquire a 37.1% shareholding in the $104 Wings Towers office development in Victoria Island, Lagos. Pivotal will join Oando and RMB Westport as a new joint venture partner for this development, which intends to bring in 27,000 sq. […]

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Momentum raises $50m for African Real Estate Fund

Earlier this year, Momentum GIM, in conjunction with Eris Property Group successfully closed the first tranche of its African Real Estate Fund with $50 million of institutional, family office and HNW investor capital. The fund intends to focus on the development of retail, commercial and light industrial real estate in sub Saharan Africa ex South Africa, offering […]

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Luanda has Africa’s Most Expensive Real Estate Market

New analysis from Knight Frank has shown that Luanda is Africa’s most expensive real estate market. The Africa Prime Rent Ranking, a component of Knight Frank’s 2015 Africa Report took a weighted average of rents across 35 African cities in the office, retail, industrial and residential sector. The resultant analysis puts Angola’s capital – Luanda on top, with Nigeria’s […]

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Opinion: 6 Challenges facing the Nigerian REIT Industry

Last month I attended a roundtable discussion organised by Stanbic on the Nigerian REIT (Real Estate Investment Trust) sector, where investors, stakeholders and regulators attempted to tackle the key problems currently being faced. The 3 discussions, ‘Asset Acquisition and Valuation Considerations’, ‘Creating Successful REITs’ and ‘Land Acquisitions and Physical Planning’ though very interesting, illustrated to me […]

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Access to 6 Years of Nigerian Real Estate Research Reports

estate intel has a new tool that provides access to Nigerian Real Estate Research Reports spanning across the Nigerian office, retail, residential, hospitality sector from service providers, consultants and stakeholders. Currently, there is access to over 30 reports (more soon) with data on the Nigerian real estate market going back to 2009. Many are focused on Lagos […]

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Nigeria Needs $350bn For Housing and Regional Development

A new blueprint for infrastructure development devised by the National Planning Commission, entitled the National Integrated Infrastructure Master Plan (NIIMP) estimates that $3tn will be required in the next 30 years to build and maintain adequate infrastructure supplies. This was noted in a government sponsored This Is Africa report on ambitious infrastructural plans from Africa’s largest economy. 11% ($350bn) of the $3tn will be […]

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