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AfDB approves $20m loan to Santa Clara Medical (AXA Mansard, IFC and ACA’s Hospital Project)

The Board of Directors of the African Development Bank has approved a Senior Loan in Naira (equivalent to USD 20 million) to Santa Clara Medical Limited, a healthcare project promoted by AXA Mansard, a member of the AXA Group, Africa Capital Alliance, IFC and Healthshare Health Solutions, the hospital management company of the project. The funds will […]

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UAC of Nigeria plans to sell its investment in UPDC Hotels (UHL)

The board of UAC of Nigeria as at the end of Q4;2017 classified interest in its real estate subsidiary UPDC Hotels (UHL) as held for sale. Reuters reported the group’s CEO, Abdul Akhor Bello confirmed the sale of UHL last Thursday and the sale is expected to be completed within a year from the reporting […]

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Infographic: Let’s Discuss the New Lagos State Land Use Law

[poll id=”10″] Download the 2018 Land Use Act Document.

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The 2017 Lagos Office Market in 5 Charts

With the lowest building completions in 3 years, 2017 provided an opportunity for the market to try to absorb the disruptive amount of space that was delivered during 2016. Leasing activity during the year was led by the technology sector and B Grade properties took the biggest rental hit, as the new high specification supply sent […]

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Mall or High Street? Krispy Kreme will try both as they enter Nigeria

Krispy Kreme is planning on opening two new stores in Lagos as interest in the Nigerian retail market resurges. The global chain, with a presence in 28 countries, is seemingly testing the most suitable model for their brand by occupying space in a mall and in a residential conversion as they make entry into the […]

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Access a list of Ongoing Construction Projects in Nigeria

Access a list of Ongoing Construction Projects in Nigeria and increasingly the African continent with our Ongoing Construction Projects service. Estate Intel’s Ongoing Construction Projects service is essentially a comprehensive list of property developments in Nigeria and across the African continent. With this service, you get access to a comprehensive database of ongoing projects across the […]

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Lagos State just launched a digital system to provide information on properties with pending cases

The Lagos State Government has launched an Electronic Real Estate Litigation System (Lis Pendens Electronic System) to provide easy access to relevant information on the legal status of registered Property. According to Adeniji Kazeem, the State Attorney General and Commissioner for Justice, the Lis Pendens system will  provide its users with information on properties with […]

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Nigeria’s first Inland Dry Port Opens in Kakuri, Kaduna

Earlier this year, Nigeria’s first Inland Dry Port situated at Kakuri, Kaduna was commissioned and opened. The port was initially approved by the Federal Government in 2014 in a bid to reduce congestion within seaports in Lagos that led to chronic delays and loss of cargo. The approval upgraded the status of Kaduna Inland Container […]

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Nigerian President to Commission New African Development Bank Abuja Office

The Nigeria Country Department (RDNG) office complex, owned by the African Development Bank (AFDB) will be commissioned by Nigeria’s President Buhari on Thursday, January 18, 2018. The complex has a built-up area of 4,200m2 and is situated within the Central Business District of Abuja in close proximity to the NEXIM Bank. It is the first permanent structure […]

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Construction Begins at J.K Randle Centre for Yoruba Culture and History in Onikan

Lagos State Governor, Akinwumi Amobode, performed the ground-breaking ceremony for the J.K Randle Centre for Yoruba Culture and History in Onikan, Lagos on Wednesday. The project is part of a wider initiative to transform the Onikan-Marina axis into a world class tourism hub. Speaking at the ceremony, he explained that the centre, originally built in […]

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