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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 […]

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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 […]

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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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Primrose Development Company ditch plans for 14 floor office project in Oniru

Primrose Development Company has abandoned plans to develop a 14 floor office tower on Chief Yesuf Abiodun Road in Oniru as they have put the land for the project up for sale. The project, named One Zero Five Place, was designed by Stauch Vorster Architects and is located on a 3,048.6m² site directly opposite the Cornerstone […]

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Check out the designs for Workstation’s new co-working space in Maryland Mall

Victoria Island’s largest co-working space provider is set to expand its footprint beyond the island as it opens up its flagship mainland location in Maryland Mall, Ikeja. Developed by Purple Capital and Network Hotels Limited, Maryland Mall is a neighbourhood mall with a gross lettable area of 7,000sqm that was opened in 2016. The 830sqm space Workstation […]

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Afriland Properties makes push to optimise portfolio

Activity in Afriland Properties, an NASD listed real estate company, has picked up over the past 18 months as the company pushes to optimize its portfolio through renovation and development projects. After the completion of Raymond House in Q1:2018, properties in Afriland’s portfolio that have been earmarked for some development activity during 2018 include those located […]

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Àrgentil takes 20% stake in affordable housing developer specialising in the use of shipping containers.

Àrgentil Capital Partners, a Nigerian financial advisory firm specialising in corporate, project and infrastructure finance, announced in a statement issued on 1 st  of June, that it was taking a 20% stake in Tempohousing Nigeria Ltd (THN). THN is a project developer specialising in the design and manufacture of real estate structures using standard ISO shipping containers. […]

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Why has Nigeria’s Real Estate Service Sector has been in recession for 9 consecutive quarters?

The end of Q1:2018 marked the 9th consecutive negative growth quarter for the Nigerian real estate service sector and its worst quarter in over 5 years. Why? To begin with, the Nigerian Bureau of Statistics (NBS) tracks the performance of the sector by recording the sum of fees and commissions for services rendered through data […]

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Video: 7th Detail Business Series – Panel Session on “Thriving in a Disruptive Market”

The final session at the 7th DETAIL Business Series in April 2018 was a panel discussion on “Thriving in a Disruptive Market”, which was moderated by Tosin Ajose, Associate Partner, DETAIL. Panelists  included: Femi Williams – CEO, Chams Plc; Adeniyi Adeleye – Head, Real Estate Finance (West Africa), Standard Bank Group; Abdulmalik Mahdi – Director, […]

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