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UACN Property Development Company (UPDC) announces major restructuring plan

UAC of Nigeria PLC and UACN Property Development Company (UPDC) today announced their plans to recapitalize and restructure UPDC. According to the release, the Company has struggled with high levels of debt, which combined with declining revenues and profitability have resulted in cash flow challenges to meet its obligations. A new board was  appointed  in […]

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Santa Clara Medical: AXA Mansard, IFC and ACA’s Hospital Project Halted

AXA Mansard’s plans to sponsor the development of a 150-bed acute care hospital have been placed on hold according to information provided in their 2018 financials, citing unforeseen circumstances as the reason for the halt in plans. Santa Clara Medical Limited, the Special Purpose Vehicle (SPV) created to fund the project was promoted by AXA […]

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Sun International edges closer to sale of Federal Palace Hotel in Lagos

Three years after they announced plans to sell their stake in Federal Palace, Sun International has confirmed that they will be appointing advisors to commence a formal disposal process shortly. This recent development follows a series of unsolicited offers from third parties who have expressed interest in the asset. Sun International’s interest in Federal Palace […]

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Building Obsession: MichelAngelo Towers, Sandton – South Africa

Located in the heart of Sandton, South Africa, our building obsession for this week is the Michelangelo Towers. The 34-floor building stands high as one of the tallest buildings in South Africa at an approximate height of 145m.    This mixed-use development sits on a footprint of  57,924m² and consists of office, retail and residential […]

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Development: The Pullman Hotel, Accra, Ghana

Name: The Pullman Hotel; Developers: Ghana Infrastructure Investment Fund and Inter Afrique holdings; Operators: Accor Hotels and Platinum Properties Limited; Architect: Paragon Group; Engineers: Arup Engineering; Use: Hospitality; Location: Airport City, Accra; Number of Keys: 363; Commencement Date: Q4:2018; Expected Completion: H1:2021. Ghana Infrastructure Investment Fund and Inter-Afrique holdings, a Ghanian based investment firm, are currently […]

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Ongoing Projects Service

Estate Intel’s Ongoing Projects service his is essentially a comprehensive list of active developments across the continent with the contact details of members the project team, to help you effectively make more sales. We have worked with top consultants in the real estate industry such as Percelonosa, Geberit and ITB construction to name a few. […]

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Development: Casino Heights, Yaba – Lagos

Name: Casino Heights Location: 206 Herbert Macaulay Way, Yaba, Lagos; No. of Floors:  10 Floors; Use: Residential; Developers: GTL Properties Limited (a subsidiary of Greenwich Trust Limited) in a joint venture with  Wemabod Estates Limited; Architects: Delano Architects; Main Contractor: Horatio Limited; Structural Engineers: Pinconsult Associates; Electrical Engineers: Kenol Nigeria Limited; M.E.P Subcontractor: Matcom Limited; […]

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Building Obsession – Dyeji Building, Luanda – Angola

This week, we are obsessing over the Dyeji Building, designed by renowned Architecture studio: Costa Lopes.  The Dyeji building is an 8-storey mixed-use building which is part of the Bay of Luanda Parcel 3 development scheme. It is located in the most narrow area of Cape Island, a sandspit – off the shore of Luanda. […]

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Development: The Oceanna, Water Corporation Drive, Oniru-Lagos.

Name: The Oceanna Towers; Location: Water Corporation Drive, Oniru; No of Towers: 4; Use: Mixed Use ( Hospitality, Office, and Residential); Developers: Grenadines Homes; Architects: Ecad Architects; Design Architects: HOK Architects (London); Contractor: Cappa and D’Alberto Plc; Structural Engineers: Morgan Omonitan & Abe Ltd; Mechanical and Electrical Engineers: CA Consultants Ltd; M.E.P Subcontractor: Lambert Electronic; […]

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Actis returns to market with $1.23 billion Infrastructure Fund

Actis has announced that it completed fundraising for the flagship Actis Long Life Infrastructure Fund (ALLIF). The ALLIF fund was raised by the in-house team at Actis and represents over $1.23 billion of fund commitments. Along with co-investment, it delivers up to approximately $2 billion of investable capital for this new strategy. The fund is […]

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