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UACN Property Development Company Plc Raises N16bn, Prepares for Unbundling & Positions for Growth

On the 2nd of June, 2020, UACN Property Development Company Plc (UPDC) held a virtual closing gong ceremony to mark its successful N16bn Rights Issue at The Nigerian Stock Exchange. The offer which was oversubscribed indicates investor confidence in the company’s future growth prospects. The company announced a restructuring plan in September 2019 and proceeds […]


Comparison: Million Dollar Apartments along the Bourdillon-Alexander-Gerrard (BAG) Road Stretch in Ikoyi

Development starts for mega residential projects in Ikoyi, Victoria Island and Oniru have grown consistently in spite of high vacancies in the luxury segment. Along the Bourdillon-Alexander-Gerrard (BAG) Road Stretch,  2 mega residential developments were recently completed, 5 are currently under construction and 3 are in the conceptual/early development phase. Here is a side by […]


Development: NDIC Lekki Training Office Building, Lekki Phase 1 – Lagos

Project Name: Nigeria Deposit Insurance Corporation (NDIC) Lekki Training Office Building; Developer: Nigeria Deposit Insurance Corporation (NDIC); Use: Mixed-use; Location: C & I Leasing Drive, off Bisola Durosinmi Etti Drive, Lekki Phase 1, Lagos; Main Contractor: AG Ferrero and Co Limited; Structural Engineer: Ad -Team Limited; MEP Engineer: Integrated Engineering Associates; Architect: Liege Consultants; Land […]


Development: The Oceanna, Water Corporation Drive, Oniru-Lagos.

Name: The Oceanna Towers; Location: Water Corporation Drive, Oniru; No of Towers: 4; Use: Mixed Use ( Hospitality, Office, and Residential); Developers: Grenadines Homes; Architects: Ecad Architects; Design Architects: HOK Architects (London); Contractor: Cappa and D’Alberto Plc; Structural Engineers: Morgan Omonitan & Abe Ltd; Mechanical and Electrical Engineers: CA Consultants Ltd; M.E.P Subcontractor: Lambert Electronic; […]


Updated – Development: Admiralty Evercare Hospital, Lekki Phase 1, Lagos

Name: Admiralty Evercare Hospital; Location: Corner of Bisola Durosimi-Etti Drive and Admiralty Way; Developers/Client: Private Equity Investor; Beds: approx. 150 (Specific number unspecified); Main Contractor: Sharpoorji Pallonji Nigeria Ltd; Project Managers: Profica and Bovell Ross; Quantity Surveyors: FOAB UK Limited in association with FO.AB Partnership and O’Mahony Peel Rowney; Planning Consultants: Mepas & Prodel (Nig) Ltd; Architect: CARE […]


Development: Escada, Lantana Road, Ring Road Westlands, Nairobi – Kenya

Name: Escada; Location: Lantana Road, Ring Road Westlands, Nairobi, Kenya; Floor: 14 floors; Use: Residential; Developer: Canaan Developers; Structural Engineer: Metrix Integrated Consultancy; Architect: Bowman Associates Architects; Service Engineers: Mechanical – (Rex consultants); Electrical Engineers: Majesty Power Technologies; Quantity Surveyor: Shaban Shamir; Legal Advisory: MMA Advocates; Development Consultants: HassConsult Limited; Expected Date of commencement: October […]


Development: Riverside Square, Nairobi, Kenya.

Name: Riverside Square; Location: Riverside Drive, Nairobi, Kenya; Use: Mixed Use; Floors: 11; Architects: Bowman Associates; Main Contractor: Rokoh (Kenya) Construction, part of Roko Construction; Structural Engineers: Ngasi Consulting Engineers; M.E.P Contractor: LDK Consulting; Quantity Surveyors: Mace YMR; Gross Lettable Space (Retail): 18,000 sq ft (c.1,672sqm); Gross Lettable Space (Office): 115,000 sq ft (c.10,684sqm); Expected Completion: […]


Development: The Sussex, Ocean Bay Estate, Lekki – Lagos

Name: Sussex Apartments; Developer: Power View Group; Address: Legacy Boulevard, Ocean Bay Estate, Lekki, Lagos; Use: Residential; Size: 11,000sqm; No of Units: 5; Architect: Power View Group; Construction Status: Ongoing; Expected Completion: Q1: 2020 (January). The Sussex Apartments are currently under construction and are located in Ocean Bay Estate, Lekki Peninsula. The ocean-facing side of […]


Development: The Lennox, Patrice Lumumba Road, Accra – Ghana

Name: The Lennox; Developer: Clifton Homes; Use: Residential; Location: Patrice Lumumba Road, Accra Ghana; Main Contractor: Clifton Homes; Architect: Arch Xenus; Project Commencement: Q4: 2019; Estimated Completion Date: Q4: 2021. The Lennox is an upscale urban development located in Accra, Ghana along the  Patrice Lumumba road, a major environ within the airport residential area, and […]


Development: Padroni Di Casa, Edward Hotonou Street, Lekki Phase 1 – Lagos

Name: Padroni Di Casa; Location: Edward Hotonou Street, Lekki Phase 1, Lekki; Use: Residential; Developers: S.C.O. Associates; Project Manager: Beyond Building Concept (BBP); Main Contractor: S.C.O. Associates; Structural Engineer: Archronis Designs; Mechanical Engineer: Pro-Tech Consult; Land Area: 1106.02sqm; Date Of Commencement: 15/02/2019; Expected Completion Date: 15/01/2020. Padroni Di Casa, meaning “Master of the house,” is a residential project by S.C.O Associates. It […]


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