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Opinion: Can Lekki become a Commercial Hotspot?

Recent completions of prime grade office space and a sustained development pipeline is indicative of the strong confidence developers have in the prospects of Lekki becoming a commercial hotspot. Currently, much of the office space in Lekki is characterised by residential conversions and very few purpose built office properties. This is set to change with up to 6 new additions of […]


Nigeria & Home Ownership: 51% Live in Rented Accommodation

Results from a study by NOI Polls have shown that 51% of Nigerians currently live in rented accommodation, 40% of which are paying between N20,000 and N100,000 yearly (across Nigeria). Only 31% of Nigerians surveyed said they lived in their ‘personal house’ which they may have built, purchased or inherited. The results also indicate that 85% of […]


Development: Africa Square and Tower, Abuja

Located at the core of the new Centenary City, The Africa Square and Tower is a 308m mixed use development that will include residential and office elements. While the exact number of floors has not been provided specifically, there will be 46 floors of office space and 30 floors of luxury apartments. In total, the development should […]


Centenary City – Quick Facts

260 Luxury Villas 265 Apartment Buildings 13 Waterfront Retail Areas 139 Office Buildings 466,298sqm integrated golf community 30 Floors of Luxury Apartments – Africa Square and Tower 46 Floors of Premium Offices – Africa Square and Tower 5 Major Retail Centers 36,000sqm of Leisure and Amusement Parks  5.5km Formula 1 Track See some commentary on […]


Real Estate Transparency Improves in Sub-Saharan Africa

As the investment interest in Africa and her fast growing economies rise, many more global corporates are keen on establishing a presence across key hubs in Western, Eastern and Southern Africa. Cities and countries that accommodate these corporates best are those with transparent real estate markets and a growing supply of prime grade space. JLL’s 2014 Global Real […]


Agriculture and Housing Sectors Exempt from Austerity as Oil Prices Tumble

In a bid to reel in spending and cushion the negative effects of falling prices, Finance Minister Ngozi Okonjo-Iweala announced that the government would be commencing austerity measures. Oil prices across the globe have tumbled significantly, putting pressure on Nigeria’s economy where 70 percent of government revenue is generated from oil resources. The benchmark oil price of $77.5 per […]


ei Profile: Lee Moulton – Breather

Breather is one of the latest iterations of the shared economy which allows users to rent private rooms for an hour at a time. It is currently operational in 4 North American cities but the company envisions a global network of spaces that freelancers, entrepreneurs and business travellers can use. Its model of on-demand, hourly workspace, […]


Lagos maintains 4th position on the list of Africa’s most visited Cities

Lagos has emerged as the 4th most visited city in Africa for the year 2014, up 5.8 percent from last year. Based on results carried out by MasterCard as presented on its Global Destinations Cities Index, Lagos was projected to have 1.3 million visitors this year compared to the 1.25 million international visitors last year. […]


Lagos named 19th of 25 Affordable Cities for Youths

Lagos was named alongside Sao Paulo, Paris, Berlin, Chicago and Shanghai in a new City Affordability Index focused on the youth. Youthful Cities analysed 25 of the world’s biggest cities and compared the cost of everyday items like food, housing, entertainment, travel and public transit. Lagos was 19th, beating Sao Paulo, Nairobi and Mexico City, […]


£710m Preffered Bidder for Gherkin Selected

A company controlled by the Safra Group has emerged as the preferred bidder for the acquisition of London’s iconic tower. EuroProperty reported that this bid was for £710m, however new reports state the bid is up to £726. The tower, which was put up for sale in July was bought by its current owners for £600m in 2006 and welcomed bids […]


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