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‘Asset Class Table’ Shows Impressive REIT Performance

Source: NovelInvestor.com This is relevant to the US.  

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Gherkin put on the market for £650m – Who’s Interested?

The Gherkin, formally known as 30 St. Mary Axe in the City of London has been put up for sale by joint receivers Deloitte Real Estate and Savills, and they are hoping for offers in excess of £650m. According to the Financial Times, it is thought to have a market value of at least £650m, and was bought […]

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Nigeria Seen by McKinsey in World’s Top 20 Economies by 2030

Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co. Africa’s biggest economy may expand about 7.1 percent a year through 2030, boosting gross domestic product to $1.6 trillion, possibly pushing it above […]

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Lagos is 25th Most Expensive City for Expats

New analysis from Mercer has revealed that Lagos is now ranked 25th in the most expensive cities for expats. Africa’s mega-city has moved up 11 places from it’s previous position at #36. The survey covers 211 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transportation, […]

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Quantitative Easing (QE) – Good or Bad Thing?

Over the past few years, Quantitative easing (QE), the colloquial name for Large Scale Asset Purchases (LSAP) has been making rounds in the central banking world. As well as being the centre of wide range speculation, market participants are unsure about the future benefits and costs associated with this unconventional monetary policy. QE involves the Central Bank buying longer-term government […]

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Nigeria Won’t Cut GDP Outlook on Boko Attacks: Minister

Nigeria won’t lower its economic growth forecast for this year even amid security concerns raised by the wave of Islamist militant attacks that have left hundreds dead, the finance minister said. “We are sticking to 6.75 percent,” Ngozi Okonjo-Iweala said in an interview yesterday in the Rwandan capital, Kigali, where she’s attending an African Development […]

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More Global Recognition for Lagos’ Real Estate Market

The property market in Lagos is seeing increased global interest as our fundamentals continue to lure investors in. The rebasing of our GDP has further displayed the strong underlying potential that lays relatively under-utilised.  The most recent development involves the exclusive Candy Global Prime Sector (GPS) report produced by Candy and Candy, revered as one […]

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The Gherkin in Receivership

The City of London’s defining tower has been placed under receivership with Deloitte acting as creditors. This will pave the way for the building to be put up for sale, which will be in about 6 months. A statement published by Deloitte this afternoon said the building has been “well leased” since the initial default in […]

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The World’s New Tallest Building that no one is happy about – Kingdom Tower

At over 1,000 meters, Kingdom Tower will be the centrepiece of the $20 billion Kingdom City real estate development in Jeddah, Saudi Arabia near the Red Sea. The tower itself is expected to cost $1.2 billion to construct and will be a mixed-use property featuring a luxury hotel, office  space, serviced apartments, luxury condominiums and the world’s […]

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Nigeria is about to be forced into solving its problems – QZ

Nigeria has gained the crown as Africa’s largest economy, a status that could at last force its government to answer more for the country’s socioeconomic shortfalls than its new commercial success. The West African nation surpassed longstanding business beacon South Africa over the weekend, after a government statistical revision nearly doubled its GDP output. The […]

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