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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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Video: 7th Detail Business Series – Using Data to Create an Efficient Property Market

Speaking at the 7th Detail Business Series in April 2018, Dolapo Omidire from Estate Intel made a presentation on “Using Data to Create an Efficient Property Market”. Watch the video below and download the presentation here.

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Photos: The Iconic IMB Plaza is being renovated

Located on the corner of Ahmadu Bello Way and Akin Adesola Street, IMB Plaza was once of Lagos’ most recognisable and revered structures. The 5-floor property, which faced Bar beach (now Eko Atlantic), was designed in the 80s by Inchsacpe.KI architects, a multi-disciplinary architectural practice based in Lagos. Inchsacpe.KI is also known for designing UPDC’s Victoria Mall […]

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Krispy Kreme to open in Victoria Island soon

Following the launch of their first store in Ikeja City Mall, Krispy Kreme is nearing the completion of their second location on Bishop Aboyade Cole Street in Victoria Island, Lagos. During Q1:2017, Quality Foods Africa entered into an agreement with Krispy Kreme to open 20 shops in Nigeria over a 5-year period. Unlike their first […]

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