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Updated – Development: Greystone Tower, Victoria Island – Lagos

Name: Greystone Tower; Developer: Private Individual Location: Corner of Idowu Taylor Street and Engineering Close, Victoria Island – Lagos; Main Contractor: Dori Construction and Engineering; Project Managers: Majoroh Partnership – Architects and Planners; Architects: Majoroh Partnership – Architects and Planners; Total Land Area:  2,031 sqm; Structural Engineers: Morgan Omonitan & Abe Limited; Mechanical Engineers: CA […]

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Estate Intel Visits Blue Water Apartments

Earlier this week, the Estate Intel team visited Blue Water apartments in the Okunde Bluewater Zone of Lekki Phase 1. The first phase of this luxury mixed-use development is the Sapphire Tower, which is 17 floors high and consists of 124 apartments with a mixture of 1, 2 and 3 bedroom units as well as […]

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Rendeavour officially launch their first Nigerian City Project

Earlier this week Rendeavour broke ground on a new satellite city development in the Lekki Free Zone as part of a joint venture with the Lagos State Government. The project, Alaro City, is a mixed-income, city-scale development with industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares (370 […]

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A Visit to Azuri Peninsula, Eko Atlantic’s largest project till date

Last week, we visited Azuri Peninsula in the Marina District of Eko Atlantic, Lagos. The external structure of this 30+ floor luxury residential development that includes 3 towers, is nearing completion, as 2 of the towers are currently at the 32nd floor mark while the final is on its 28th. Following a review of the […]

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Repost: Estate Intel wins $10,000 during Pitch Storm at Techpoint Build 2019

Estate Intel, an online platform that provides data, news and research for commercial real estate investors, has emerged the top startup at Pitch Storm 2019, thus winning $10,000 in equity-free prize money. Pitch Storm is an annual startup competition and a core segment of Techpoint Build, an annual startup and SME event hosted by Techpoint […]

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CBRE and Excellerate form JV as Broll Pursues BEE Deal

Last week, the CBRE Group, Inc. (CBRE) announced that it agreed to form a joint venture with Excellerate Property Services (Excellerate) to meet the growing demand for high-quality real estate services in Africa and the Middle East. The joint venture, CBRE Excellerate, will merge CBRE’s facilities management operations in Africa and the Middle East with […]

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Spacefinish Unveils New Office Space for Renmoney

Renmoney recently announced that it had partnered with design firm Spacefinish to design its new Headquarters and flagship sales branch. The new office space is themed around enabling productivity as well as better collaboration among Renmoney employees. “It is amazing to see companies pay attention to their office spaces, this makes me very happy. Over […]

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ei Update: Lagos Office and Hospitality Market Dashboard; ei African Real Estate and Related Fund Tracker

We are happy to announce that we (Estate Intel) just launched our ei African Real Estate and Related Fund Tracker along with two new interactive dashboards on the beta version of our new app! The Lagos Hotel and Office Market Dashboards. The Lagos Hotel Market Dashboard is the first of many data visualizations of the African […]

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Update: Tropicana Mall, Uyo, Akwa Ibom

With 2019 just around the corner, the Ibom Tropicana Entertainment Centre ‘Tropicana Mall’ (originally developed in 2011 by the Akwa Ibom State Government) is gearing for its launch. As initially planned, completion of works is scheduled Q2 2019 with some tenants potentially trading by February 2019. <o:p></o:p> Between the 31st of October – 2nd of November 2018 Cushman & Wakefield Excellerate held a […]

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What does the UBS and HSBC exit mean for the office market?

As it may be, not too much. The vacancies left behind by these two international banks, which total approximately 200sqm, are a drop in the ocean relative to Lagos’ excess supply of new unoccupied office space. UBS Nigeria, who closed the rep office for their wealth management business during Q3:2018 (opened mid-2014), occupied approximately 141sqm […]

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