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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 […]


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 […]


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, […]


REPORT: Africa has planned over 1bn SQM of new city space costing over $115bn

By 2024, 4 of 5 Africa’s key sub-regions will have over 50% of its population living in urban areas. The increased concentration of people in these regions and her cities, poses a capacity problem, as many were never planned to accommodate the large urban sprawls that have been forecasted. As a result, private developers and some […]


Hyatt plans to open 9 new hotels in Africa by 2020

Hyatt Hotels Corporation announced today that nine additional Hyatt-branded hotels are expected to open in Africa by the end of 2020. The announcement focused on the first dual-branded Hyatt Place and Hyatt House hotels on the continent, the return of the Hyatt brand to Cairo, new Park Hyatt and Hyatt Regency hotels in Morocco, and […]


Hyprop & AttAcq explore disposal of Sub-Saharan Africa shopping centre assets

Hyprop and AttAcq are currently investigating a reduction of their exposure to sub-Saharan Africa (ex. SA) through the disposal of their portfolio of property assets worth over $630m. Assets in the portfolio in question include Ikeja City Mall in Lagos – Nigeria; Manda Hill in Lusaka, Zambia and four retail centres in Ghana including Accra […]


ALP opens warehousing park in Kenya 75% pre-leased

Africa Logistics Properties today launched its first 49,000 sqm of modern Grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased. “The near complete uptake of ALP North prior to launch speaks to the scale of the warehousing shortage in Kenya. But it also demonstrates that real estate requires […]


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