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UPDC REIT invests in Student Accommodation at Pan-Atlantic University

UACN Property Development Company REIT has invested in a student accommodation asset at the Pan-Atlantic University Campus in Ibeju-Lekki. The REIT disclosed its interest in investing in Pearl Hostel 1 in their recently published financial statement for the period ended December 2017. The transaction, however, was concluded in 2018 and reduced their current allocation in […]


Updated – Development: NDIC Head Office, Glover Road, Ikoyi – Lagos

Name: Nigeria Deposit Insurance Corporation (NDIC) Headquarters Offices; Location: Glover Road, Ikoyi, Lagos – Nigeria; Developer: NDIC; Use: Office; Main Contractor: Sageto limited; Project Managers: Interstate Architects; Architects: Interstate Architects; Structural Engineers: IAA Associates; Mechanical Engineers: Technokonsult; Technical Engineers: Technokonsult. The Nigeria Deposit Insurance Corporation (NDIC) plans on developing a high rise office complex on Glover Road in Ikoyi […]


Update – Development: 6 Floor Office Development, Ikate, Lekki Epe Expressway – Lagos

Name: 6 Floor Office Development; Location: Ikate-Elegushi, Lekki Peninsula, Lekki Epe Expressway – Lagos; Floors: 6; Use: Commercial (Office); Developer: 3 Dimension Integrated Services Limited; Main Contractor: Komilard Global Concepts Limited; Project Architect: Bago Nigeria Limited; Consultant Engineer: Kempas Konsults; Mechanical Engineers: Heeolat Technical Services; Consultant Builder: Target Projects & Associates; During early 2017 construction began on this low rise […]


Renovation: Number One (Formerly IMB Plaza), Corner of Akin Adesola Street and Ahmadu Bello Way, Victoria Island – Lagos

Old Name: IMB plaza; New Name: Number One; Developer: Green Eagle Realty; Main Contractor: Craneburg Construction; Architect: Chapman Taylor; Gross Built Area: 11,261 sqm; Gross Lettable Area: c. 8,700 sqm; Parking Bay: 1:50; No of Floors: 7 (Seven) Floor to Ceiling height: 2.7 meters; Expected date of completion: March 2020; Published – 1 August 2018; […]


Development: FlagHouse, Abuja Technology Village, Abuja

Name: FlagHouse; Location: Abuja Technology Village, Abuja – FCT; Levels: Phase I – 7, Phase II – 6; Size (Gross Leasable Area): 10,760m2; Use: Commercial – Office; Developers: Canji Projects Abuja Technology Village FZE, a subsidiary of the Financial Trust Group; Architects: Ehrlich Architects (Now EYRC); Estimated Commencement Date: Q3:2018; Completion Date: Q3:2020; Parking Ratio: […]


Development: Famfa Oil Tower, Corner of Alfred Rewane (Kingsway) Road and Olawole Dawodu, Ikoyi – Lagos

Name: Famfa Oil Tower; Developer: Dayspring Property Development Company; Location: Corner of Alfred Rewane (Kingsway) Road and Olawole Dawodu, Ikoyi – Lagos; Use: Office and Multipurpose Hall; Land Area: 5,695sqm; Gross Floor Area: 55,000sqm Floors: 20(+) Storeys; Architects: ACCL; Parking Bays: 266; Structural Engineer: IAA Associates Limited; Piling Contractor: Trevi Foundations Limited; Construction Started: Q4:2016; Published: November […]


Regeneration: Tropicana Mall, Udo Udoma Avenue, Uyo – Akwa Ibom

Name: Tropicana Mall, Uyo; Location: Along Udo Udoma Avenue, Uyo – Akwa Ibom State; Levels: 2; Size (Gross Leasable Area): 8,000sqm; Use: Retail – Shopping Centre; Developers: Tropicana Mall Development Company Limited; Architects: LYT Architecture; Bulk Earth Work Contractor: Lanocks Construction Company Limited; Expected Commencement Date: Q2:2018; Expected Completion: Q2:2019; Parking Bays: 683 Bays; Project Manager: Pro-M […]


Updated: Development: No. 4 Bourdillon, Ikoyi – Lagos

Name: No. 4 Bourdillon; Location: Bourdillon Road, Ikoyi – Lagos; Floors: 25; Gross Building Area: 31,000sqm Use: Residential; Architects: Design Group Nigeria; Developers: Joint Venture between Kaizen Properties and El-Alan; Contractor: Elalan Construction Services; Consultants: P&T Architects and Engineers; Published: August 2015; Updated: July 2018. Brochure In late 2015, preliminary site work began on a 25-floor luxury residential development in […]


Photos: Inside Azuri Peninsula, Eko Atlantic’s largest project to date

Last month, we visited Azuri Peninsula in the Marina District of Eko Atlantic, Lagos, to follow progress and pace of development. The project includes three 30+ floor* luxury residential towers as well as multiple townhouses with ground floor/podium retail. The 3 Towers (Oban Tower, Zuna Tower and Orun Tower) will include 7-bedroom villas on the top 2 […]


Updated – Development: Cornerstone HQ, Victoria Island Annex (Oniru) – Lagos

Name: Cornerstone Headquarters Office Development; Location: Chief Yesuf Abiodun Road, Victoria Island Annex/Oniru, Lagos; Size (Gross Lettable Area): ±12,000sqm; Use: Office; Developers: Cap Phoenix Cornerstone – CAPIC of African Capital Alliance & Cornerstone Insurance; Architects: Delano Architects; Parking Bays: c. 203 (4 Levels + Surface); Land Area: 4,483sqm; Piling Contractor: Colak Geotechnics Limited; Main Contractor: BCL Nigeria; Project Manager: Comprehensive […]


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