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Development: Empire Royale, Water Corporation Drive, Oniru- Lagos

Name: Empire Royale; Developer: Deluxe Residences; Use: Residential; Location: Water Corporation Drive, Oniru – Lagos; Main Contractor: Cavalli Project Limited; Structural Engineer: Pearl Amour Consulting; Mechanical and Electrical Engineer: Mutmark & Associates; Architect: Deluxe Residences; Quantity Surveyor: Deluxe Residences; Electrical Engineer: Sanverad Nigeria Limited; Land Area:  7000sqm; Apartment Blocks: 4 Blocks; Floors: 7 Floors each; […]

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Development: The Juliana, Ilasan, Lekki – Lagos

Name: The Juliana; Developer: Dave Kubak Construction Ltd; Use: Residential; Location: Ilasan, Lekki; Main Contractor: Dave Kubak Construction Ltd; Structural Engineer: Strucco Designs; Mechanical and Electrical Engineer: Nsoke Nig. Ltd; Architect: Dave Kubak Construction Ltd; Quantity Surveyors: Baseplan Consulting; Land Area: 1,200sqm; Estimated Completion Date: Q2:2020. The Juliana is a residential project by Dave Kubak Construction […]

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Agusto assigns Bbb- rating to Mixta Real Estate Plc.

Mixta Real Estate Plc. (‘Mixta Nigeria’) formerly ARM Properties Plc. is a real estate development company with a strong track record and diverse real estate portfolio, with operations spanning the residential, commercial, and retail sectors of the Nigerian real estate industry. In a recent publication, Agusto & Co. assigned Mixta Nigeria a BBB- rating. This […]

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Building Obsession: Skyline University Tower, Kano (Former Bank of the North)

Originally built as the head office of the Bank of the North, the Skyline University Tower was and still is a depiction of modern architecture from the early days of new Kano. Similar to many old post-independence buildings in Nigeria, this property carries narratives for how and where it was developed and that’s why we […]

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Building Obsession: The Leonardo, Sandton South Africa

Talking about living in the sky, the Leonardo, which began construction on November 17, 2015, is a 55-floor mixed-use building standing at 234m(767ft) high, featuring luxury residential apartments, offices, shopping stores, restaurants, and lifestyle recreation areas. The architectural masterpiece located at Maude St, Sandown, Sandton South Africa, currently ranks as the tallest building in Africa, […]

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Shopping Centers Affected in Nigeria by Xenophobic Related Attacks

Updated: Thursday, September 5th 2019. Maryland Mall was not closed, the activity column has been updated. Status of Palms Ibadan and Palms Ilorin has been reviewed to unconfirmed. As a response to Xenophobic attacks on Nigerians in South Africa, disgruntled Nigerians took to the streets to protest against, loot and vandalise retail businesses, some of […]

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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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