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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 […]


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 […]


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 […]


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, […]


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 […]


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 […]


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. […]


IFC, African Capital Alliance move into Alliance Place

African Capital Alliance (ACA) has relocated its new in Alliance Place, a recently completed office development in Ikoyi. They are moving out of C & C Towers on Sanusi Fafunwa Street in Victoria Island, which is owned by the Chagoury Group. Alliance Place was developed by Edimara Properties Limited, a joint between ACA Holdings Limited […]


AIIM acquires 50% in holdco with investments in West and Central African airports

African Infrastructure Investment Managers (AIIM), an infrastructure-focused private equity fund manager and a member of Old Mutual Alternative Investments, announced its acquisition of a 50% stake in Société d’Exploitation et de Gestion Aéroportuaires (SEGAP), a holding company with an established portfolio of airport investments across West and Central Africa. The investment was made through their […]


Agility invests in Warehouse Parks in 4 African cities

Agility, a global leader in the provision of integrated logistics is making a big Africa push as they have commenced the process of funding and developing a network of international standard warehouse parks across key markets on the continent to support the development of domestic and regional trade. The company has ongoing development projects in […]


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