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A Spur of Completions

The development pipeline for prime grade property in Lagos has been growing at an unrelenting pace recently. Across the city, boards showcasing future skyscrapers with the background of a busy construction site are becoming typical. Many of the new developments which are located in Ikoyi and Victoria Island (of course) are nearing completion and it appears many of them will be delivered […]


Lagos is 25th Most Expensive City for Expats

New analysis from Mercer has revealed that Lagos is now ranked 25th in the most expensive cities for expats. Africa’s mega-city has moved up 11 places from it’s previous position at #36. The survey covers 211 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transportation, […]


Why Is the Nigerian Government Building Two High-End Office Towers?

When it comes to debt, the Nigerian government has a boat load. It is more in hock than any other African country. But that’s not stopping it from doing a little shopping for some high-end real estate. The lucky occupant for the lavish new digs? Nigeria’s Debt Management Office, which oversees the country’s $65 billion […]


5.27% of Total Pensions Assets invested in Real Estate

According to the Nigerian National Pension Commission,  5.27% of total pension fund assets were in real estate properties in May 2014. Asset Holding Total FGN Securities  (FBN Bonds and Treasury Bills) 59.86% Domestic Ordinary Shares 14.21% Local Money Market securities 11.46% Real Estate Properties 5.27% Corporate Debt Securities 1.82% Foreign Ordinary Shares 1.27% Other 6.11% Source: […]


NSIA Annual Report – The Real Estate Roundup

The Nigerian Sovereign Investment Authority (NSIA), managers of our country’s Sovereign Wealth Fund released their pioneer annual report last week. While Uche Orji (MD/CEO) was quick to point out that they had experienced a drag on performance due to significant uninvested cash, it’s interesting to see that the NSIA is keen on a larger scale of real estate investment moving […]


Nigeria among top 5 most improved markets on Global Transparency Index

JLL published its 2014 Global Real Estate Transparency Index, which surveyed 102 countries around the world and ranks them based on transparency in their commercial real estate markets.  The five broad indices by which the markets are measured include, “Performance Measurement, Market Fundamentals, Governance of Listed Vehicles, Regulatory and Legal and Transaction Process”. Nigeria has […]


Residential Tower on Eko Atlantic Already Sold Out

The Eko Pearl Towers development is an up market residential project in the heart of the $6b land reclamation Eko Atlantic scheme. During an event focused around this new development, which held at Eko Hotel on the 7th of June, it was revealed that the first tower which is already under construction is completely sold […]


Hard Rock Cafe is coming to Lagos!

The Hard Rock Cafe, a chain of American Rock ‘n’ Roll themed restaurants and casinos that is headquartered in Orlando, Florida will be in Nigeria soon. Landmark Africa has explained that the new restaurant will be part their mixed use development project in Victoria Island, Lagos called Landmark Village. The development will include Grade A office space (which is […]


More Global Recognition for Lagos’ Real Estate Market

The property market in Lagos is seeing increased global interest as our fundamentals continue to lure investors in. The rebasing of our GDP has further displayed the strong underlying potential that lays relatively under-utilised.  The most recent development involves the exclusive Candy Global Prime Sector (GPS) report produced by Candy and Candy, revered as one […]


Real Estate Amongst Best Sectors in Grim Q1 performance

Putting it lightly, the performance of the Nigerian Stock Market in the 1st quarter of 2014 was very grim. The numbers indicated that Nigeria was the 3rd worst in terms of returns globally, yet our African counterparts Kenya, Ghana, South Africa and even Egypt achieved positive Q1 returns of 5.6%, 11.2%, 3.3% and 15% respectively. We […]


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