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Development: St. James Court, Chief Bamidele Eletu Avenue, Osapa London, Lekki

Name: St. James Court; Developer: RCI Atlantis; Use: Residential; Location: Chief Bamidele Eletu Avenue, Osapa London, Lekki – Lagos; Main Contractor: Pensees Tech Nigeria Limited; Structural Engineer: Evidmann Limited; Mechanical and Electrical Engineer: Gumezy Services; Architect: Bcube Design; Land Area: 2,600 sqm; Project Commencement: Q1: 2019; Estimated Completion Date: Q1: 2020. St. James Court by […]

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Development: Landmark Waterview, Water Corporation Drive, Oniru – Lagos.

Name: Landmark Waterview; Developer: Landmark Africa; Use: Residential; Location: Water Corporation Road, Victoria Island. Consultant: Ove Arup & Partners. Lettable Area: 36,000sqm; Construction Status: Conceptual; Landmark Waterview Apartments is a residential development consisting of 138 luxury apartments that fit into a lettable area of 36,000 sqm. It will contain studio apartments, 1 – 4 bedroom […]

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HUTBAY.com Rebrands and Launches a Revamped Website

HUTBAY.com, one of the emerging PropTech companies in Nigeria, just rebrands and launches a revamped and simplified property portal. PropTech (property technology) is the use of information technology (IT) to help individuals and companies research, buy, sell and manage real estate. Similar to the way FinTech focuses on the use of technology in finance, PropTech […]

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Development: The Juliana, Ilasan, Lekki – Lagos

Name: The Juliana; Developer: Dave Kubak Construction Ltd; Use: Residential; Location: Ilasan, Lekki; Main Contractor: Dave Kubak Construction Ltd; Structural Engineer: Strucco Designs; Mechanical and Electrical Engineer: Nsoke Nig. Ltd; Architect: Dave Kubak Construction Ltd; Quantity Surveyors: Baseplan Consulting; Land Area: 1,200sqm; Estimated Completion Date: Q2:2020. The Juliana is a residential project by Dave Kubak Construction […]

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Agusto assigns Bbb- rating to Mixta Real Estate Plc.

Mixta Real Estate Plc. (‘Mixta Nigeria’) formerly ARM Properties Plc. is a real estate development company with a strong track record and diverse real estate portfolio, with operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry. In a recent publication, Agusto & Co. assigned Mixta Nigeria a BBB- rating. This […]

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Shopping Centers Affected in Nigeria by Xenophobic Related Attacks

Updated: Thursday, September 5th 2019. Maryland Mall was not closed, the activity column has been updated. Status of Palms Ibadan and Palms Ilorin has been reviewed to unconfirmed. As a response to Xenophobic attacks on Nigerians in South Africa, disgruntled Nigerians took to the streets to protest against, loot and vandalise retail businesses, some of […]

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UACN Property Development Company (UPDC) announces major restructuring plan

UAC of Nigeria PLC and UACN Property Development Company (UPDC) today announced their plans to recapitalize and restructure UPDC. According to the release, the Company has struggled with high levels of debt, which combined with declining revenues and profitability have resulted in cash flow challenges to meet its obligations. A new board was  appointed  in […]

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Santa Clara Medical: AXA Mansard, IFC and ACA’s Hospital Project Halted

AXA Mansard’s plans to sponsor the development of a 150-bed acute care hospital have been placed on hold according to information provided in their 2018 financials, citing unforeseen circumstances as the reason for the halt in plans. Santa Clara Medical Limited, the Special Purpose Vehicle (SPV) created to fund the project was promoted by AXA […]

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Development: Casino Heights, Yaba – Lagos

Name: Casino Heights Location: 206 Herbert Macaulay Way, Yaba, Lagos; No. of Floors:  10 Floors; Use: Residential; Developers: GTL Properties Limited (a subsidiary of Greenwich Trust Limited) in a joint venture with  Wemabod Estates Limited; Architects: Delano Architects; Main Contractor: Horatio Limited; Structural Engineers: Pinconsult Associates; Electrical Engineers: Kenol Nigeria Limited; M.E.P Subcontractor: Matcom Limited; […]

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Comparison: 3D Renderings vs. Completed Looks

We compared the 3D renderings/computer-generated images (CGI) created by the architects of the following projects during the pre-development phases and compared them with the completed building. How well do you think these developments were executed? Have a look at the images below and vote in the poll at the end! Kingsway Tower Name: Kingsway Tower; […]

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