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Institutional Investment in Lagos Healthcare.

Currently inadequate and largely ill-equipped, the Nigerian healthcare supply has been driven by the government and private participants. The perceived lack of adequate quality facilities in the country has prompted those who can afford it to seek treatment abroad. According to the Nigerian Sovereign Investment Authority, Nigerians spend as much as $1bn per annum on […]

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Co-operative societies of Shell, Mobil and Total are currently developing 200 housing units

Last week, we published an article on the development of La Definition, a 3 tower development by Total E&P Nigeria Staff Multipurpose Co-operative Society Limited and we have decided to explore at how different cooperatives of notable international oil companies in Lagos are adding to the total supply of multi-family residential units to the Lagos […]

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Cosmos Yopougon becomes IFC EDGE certified

Cosmos Yopougon, a shopping mall in Côte d’Ivoire which opened in October 2018 has been conferred with the International Finance Corporation’s Excellence in Design for Greater Efficiencies (IFC EDGE) certification for Green Buildings. It received the certification in June 2020. According to the developers, the building meets international standards for resource efficiency by incorporating energy […]

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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 […]

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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 […]

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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 […]

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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; […]

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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 […]

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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 […]

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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: […]

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