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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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Data & Tech to Transform the Nigerian Retail Market

The convergence of AI, tech, and data on Nigeria’s multi-billion dollar plus retail market – will be a strategic focus to local & international developers, investors and retailers at the 4th annual West Africa Property Investment Summit taking place on 15 and 16 November 2018 in Lagos. Considered one of the world’s most significant and […]

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Here’s an update on Workstation’s new co-working space in Maryland Mall

The new model of communal workspaces with hot desking and new flexible ways of working mean the modern workplace plays an even more important role in social interaction. Tasked with designing workstation’s new 927m2 office space on the second-floor mezzanine level of Maryland Mall was Studio Contra Mundum. According to the firm, they are committed […]

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Sneak Peek – Seattle Court, Victoria Island

Àrgentil Asset Management is gearing up to launch Seattle Court, a luxury residential development located on Walter Carrington Crescent, Victoria Island, Lagos. The asset management firm served as the development manager for this project as well as The Wings Towers, located nearby. Seattle Court was designed by ECAD Architects and built by Cappa and D’Alberto, […]

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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 […]

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New Leadership at UACN Property Development Company

Following the resignation of Larry Ettah from the Board of UACN Property Development Company (UPDC) and the retirement of Hakeem Ogunniran as Chief Executive, the company has announced the appointment of three new Directors to its Board. Effective 6th August 2018: Babatunde Kasali became the Chairman of the Board of Directors. Folasope Aiyesimoju, former KKR […]

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Looking beyond LUC, Actions & Reactions

This publication is sponsored by Obafunke Akinkugbe & Co., a leading law firm founded almost 30 years ago. It is a part of our market participant contributor series. The enactment of the Land Use Charge Law (LUCL) Lagos State on the 8th of February 2018 brought anger, frustration, concern, and fear to the citizens of the State. […]

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