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Fidelia from Gassim signed up to the Development Pipeline Plan last week, here’s what she had to say.   “Working for a leading project management company, it is always important to keep informed and up to date with real estate activities in Nigeria and Africa. After subscribing to Estate Intel, I am able to get current information on […]

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Looking beyond LUC, Actions & Reactions

This publication is sponsored by Obafunke Akinkugbe & Co., a leading law firm founded almost 30 years ago. It is a part of our market participant contributor series. The enactment of the Land Use Charge Law (LUCL) Lagos State on the 8th of February 2018 brought anger, frustration, concern, and fear to the citizens of the State. […]

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ei Profile: Olufemi Okenla – HDV Nigeria Limited (Owner of the Hotel Ibis Lagos Ikeja)

In early April, Estate Intel sat down with Olufemi Okenla, Founder and Group CEO of HDV Nigeria Limited, to discuss the development and operations of their Hotel Ibis Lagos Ikeja, and the general hotel investment environment in Nigeria.  Okenla is a lawyer who practiced in the United Kingdom, and began to invest in real estate both […]

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ei Profile: Ivan Cornet – Latitude Five

This week we had a chance to speak with Ivan Cornet, Managing Partner of Latitude Five, an investment and advisory firm operating in West Africa from its offices in Abidjan, Côte d’Ivoire and London, United Kingdom. From its inception in 2012 through their Abidjan office, as well as a strong network of affiliates in key […]

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Nigeria’s 2016 Budget Breakdown by BudgIT

Key Takeaways The highest Capital Expenditure component of the 2016 budget will be Works, Power and Housing at N433.4bn. This budget is the highest budget ever presented by the Federal Government of Nigeria at N6.08tr. Oil revenue projections tumble from N1.64tr in 2015 to N820bn in 2016. The Federal Government intends to raise N900bn from foreign […]

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ei Profile: Carlo Matta – Laurus Development Partners

Last week we caught up with Carlo Matta, CEO of Laurus Development Partners, an Actis joint-venture that was established to focus on property development in West Africa.  Actis invested in Laurus in November 2009 to address the weak in-country development expertise in West Africa. So far, Laurus has been involved with 4 projects including the recently completed One Airport Square in […]

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ei Profile: Lee Moulton – Breather

Breather is one of the latest iterations of the shared economy which allows users to rent private rooms for an hour at a time. It is currently operational in 4 North American cities but the company envisions a global network of spaces that freelancers, entrepreneurs and business travellers can use. Its model of on-demand, hourly workspace, […]

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Calabar International Convention Center

Photos Updated 4th September 2015 Name: Calabar International Convention Center Location: Summit Hills, Calabar  – Cross River State Investor/Developer: Cross River State Government  Architect: Henning Larsen Architects Gross Floor Area: 16,000m2 Completion Date: May 2015 Capacity: 5,000 delegates Size of Investment: $90m The Calabar International Convention Center (CICC) will be located in the mixed use Summit Hills development in Cross […]

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The Competitiveness of Cities: Lagos – World Economic Forum

This is an excerpt from the World Economic Forum Report on ‘The Competitiveness of Cities’, where Lagos was used as a Case Study. What follows is a snippet of the introduction, and what was said about Lagos. Cities have been the engines of productivity and growth throughout history, and will be essential to the future growth […]

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Makoko Floating School – Sustainability in Nigeria

Behold, Makoko Floating School, a prototype structure that addresses physical and social needs in view of the   growing challenges of climate change in an urbanizing African context. Sustainable building is a relatively new phenomena in Nigeria and despite obvious benefits many Nigerian’s are not sold. Real estate developer’s including Actis are seeking accreditation from sustainable […]

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