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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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Development: PwC Experience Centre, CCP Place, Victoria Island – Lagos

On the 19th of June 2019, PwC launched its experience centre, which was developed in partnership with Spacefinish (a design consulting company) on the 3rd Floor of CCP Place, Chief Abiodun Way, Oniru Estate, Victoria Island, Lagos. The Experience Centre features an enclosed Augmented Reality room, with a functional custom-designed QR code allowing visitors to […]

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Development: No. 47 Glover, Glover Road, Ikoyi – Lagos

Name: 47 Glover; Address: 47, Glover Road, Ikoyi, Lagos, Nigeria; Floors: 7 lettable floors; Gross Build Area: 8,627m2; Gross Lettable Area: 4,739m2; Use: Commercial – Office; Developers: Danraz Nigeria Limited; Architects: Bravura Architects; Commencement Date: Q2:2017; Completion: Q3:2019; Parking Bays: 87; Project Managers: Profica Project Managers; Project Managers: Profica; Design & Build Contractor: Elalan Construction […]

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Development: Pacific Towers, Ozumba Mbadiwe Avenue, Victoria Island – Lagos

The groundbreaking ceremony for the Pacific Towers on Ozumba Mbadiwe, Victoria Island, Lagos was held on Friday the 5th of July 2019. The project is being sponsored by Global Property Partners, a subsidiary of the Cavalli Business Group. Its sister company, Deluxe Residences is responsible for over 5 residential properties located in Oniru, Ikoyi, Victoria […]

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Development: Douala Grand Mall, Bonapriso, Douala – Cameroon

Construction activity on the Douala Grand Mall site has picked up in recent months, with the project team working through Cameroon’s rainy season. The project was announced back in August of 2017, along with another mixed-use development named the Renaissance Place in Abidjan. Both are Actis’ first Real Estate investments in Ivory Coast and Cameroon […]

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