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Development: Harbor Point, Victoria Island – Lagos

Name: Harbor Point Location: Victoria Island, Lagos – Wilmot Point Close, Off Ahmadu Bello Way. Size/Components: Two 10,000sqm Office Towers, 235 key 5-Star Hotel, 47 Branded Residences, 2,500sqm Retail Space Use: Offices, Hospitality and Retail Developers: Harbor Point Limited Expected Completion: Q4 2018 (tentative) Cost: $410m Project Management Team: Project Management International, Ireland Lead Architect: Perkins Eastman […]

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Development: Rainbow Town, Trans Amadi – Port Harcourt

Rainbow Town is a mixed use development located in Trans Amadi, the industrial and commercial core of Port Harcourt. Conceived through a joint venture between the Rivers State Government and First Bank of Nigeria, the project will offer a mix of residential units including duplexes, terrace houses, apartments and penthouses as well as many other commercial, recreational, […]

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Jabi Lake Mall, Abuja – Construction Progress Video Update

Using drones, UAS Innovations & Solutions Ltd have provided video updates of the construction progress for Jabi Lake Mall. It is a 25,000sqm retail development by Actis, in the Jabi/Utako region of Abuja. Construction began in 2014 and completion has been slated for year end 2015. This double level mall will feature contemporary architecture, waterfront restaurants, cafes and fast food outlets […]

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Updated: Ambode Terminates Falomo Shopping Centre Redevelopment Contract

Earlier today, Governor Akinwunmi Ambode of Lagos State terminated the concession granted by the Lagos State Development and Property Corporation (LSDPC) to Afriland Properties for the redevelopment of the Falomo Shopping Centre, Ikoyi. In July 2013, Heirs Holdings/Afriland Properties, signed an agreement with the LSDPC to redevelop the facility into a modern mixed use complex with office and […]

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Development: The One, Eko Atlantic – Lagos

The One is a 226 apartment development on Eko Atlantic that intends to offer affordable yet luxury living with A-grade architecture and panoramic city views. Located in the Avenue’s West District, The One will have 1, 2 and 3 bedroom apartments from the 2nd to 13th floor and 3, 4 and 5 bedroom penthouses on the 13th to 16th floor. Amenities will include […]

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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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Developing a Shopping Mall in Nigeria Costs $4,109 Per Square Meter

Following the introduction and growth of modern retail across Nigeria over the last decade, more investors – international and domestic alike – are pouring capital into the development of shopping malls. An analysis of completed, planned and on-going shopping center developments illustrates that it costs these investors $4,109 per square meter to complete these malls. As the graphic below shows, malls in Lagos are slightly […]

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Development: The Mandarin, Victoria Island – Lagos

Name: The Mandarin; Location: Victoria Island, Lagos – Adebisi Omotola Close, Off Samuel Adedoyin Street; Floors: 6; Site Area: 3,400sqm; Use: Residential; Architects: pm + cdc associates; Sales & Marketing: J.S. Realty; Developers: Joint venture between LSDPC (Lagos State Development and Property Corporation) and Orangeline Design + Development Company; Expected Completion: Q2 2018. Through a new joint venture agreement, Orangeline Design and Development […]

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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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Let The Cladding Begin

As office developers in Lagos leave concrete focused designs behind to adopt proper curtain walls, glass cladding and floor to ceiling windows, they are ushering in a new era for the city’s property market and renewed hope for a more modern skyline. Projects like Heritage Place, The Wings, Madina Tower and more are changing the appearance of what’s on offer for new tenants/occupiers. Seeing as […]

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