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Actis concludes deal with industrial property investment company, Improvon

Unlisted logistics and warehousing property group Improvon has concluded a deal with emerging markets private equity group Actis to develop warehousing on the rest of the continent. Actis, which has had success in retail developments on the continent, wants to replicate this in the industrial sector. The deal will at the same time help Improvon […]


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 […]


Development: Emerald Continental Hotel, BIS Way, Oniru – Lagos

Name: Emerald Continental Hotel; Location: BIS Way, Oniru –  Lagos Use: Hospitality: Developer: Emerald Continental Services Ltd, a subsidiary of ENL Consortium Ltd; Keys: 244; Main Contractor: Dori Construction; Project Manager: Envohygienix; Piling Contractor: Brunelli Construction; Quantity Surveyor: Shepherd Imhogiemhe & Partners; Building Services Engineer: Vicak Consult (Ltd); Structural  Engineer: Habitech Engineering Ltd; Mechanical and […]


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 […]


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. […]


NEC Approves $650M Seed Funding for Presidential Infrastructure Development Fund

Earlier this month, President Muhammadu Buhari approved the establishment of a Presidential Infrastructure Development Fund (PIDF) with seed funding of $650m from the Nigeria Liquefied Natural Gas (NLNG) Dividend Account as approved by the National Economic Council (NEC). The fund will be managed by the Nigeria Sovereign Investment Authority (NSIA) and invested specifically in critical road and power […]


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 […]


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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