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News From The Web Archive

August 3rd – August 7th In this week’s roundup of news from the web, Credit to real estate declines by 25% to N596.3bn. 500,000 homes, 1.5m jobs expected in 5yrs as Fund partners firms. Centum investment to construct 160 units apartment building in Kenya. Struggling property groups planning on merging. Billions poised for Africa’s real estate […]


How do Africans pay rent?

A good number of us have had to pay residential rents at a point in our lives. Two key things we have come across are the frequency at which rent is paid and how much is required as an upfront payment. Speaking to our contacts in a couple of African cities, we were able to […]


Comparison: 3D Renderings vs. Completed Looks

We compared the 3D renderings/computer-generated images (CGI) created by the architects of the following projects during the pre-development phases and compared them with the completed building. How well do you think these developments were executed? Have a look at the images below and vote in the poll at the end! Kingsway Tower Name: Kingsway Tower; […]


Development: PwC Experience Centre, CCP Place, Victoria Island – Lagos

On the 19th of June 2019, PwC launched its experience centre, which was developed in partnership with Spacefinish (a design consulting company) on the 3rd Floor of CCP Place, Chief Abiodun Way, Oniru Estate, Victoria Island, Lagos. The Experience Centre features an enclosed Augmented Reality room, with a functional custom-designed QR code allowing visitors to […]


Building Obsession: Society House, Lusaka- Zambia

Our building obsession for today is Society House, a 20 storey multipurpose development located on Cairo Road in Lusaka, a major business district in the city. Within the building is a Hilton Garden Inn, which features 130 keys and is the hotelier’s first entry into the Zambian hospitality market. This is part of the Hilton’s […]


GRIT Real Estate Announces Its First Investment in Senegal

Earlier this week, GRIT announced its first investment in Senegal through the acquisition of 100% shares in Club Med Cap Skirring Resort for a total consideration of €11.6 million.   The investment transaction is “sale and purchase” agreement between GRIT and Club Med, which entails the purchase of 100% of the shares Société Immobiliére et de […]


Updated – Development: Federal Inland Revenue Service (FIRS) Headquarters, Central Business District – Abuja

Name: Federal Inland Revenue Service Headquarters; Location: Central Business District; Developer: Federal Inland Revenue Service; Architects: ATO Architects; Contractor: BNL Engineering and Construction Limited (Bouygues); Site Area: 81,000m2. Building Footprint – 63,000m2; Size: Not Specified. Cost: N39.2Billion; Height: 86 metres; Floors: 17 Storey; Project Manager: Courtney Michel Partnership Nigeria Limited; Quantity Surveyors: Sea Surveyors Limited; […]


Building Obsession: One Airport Square, Airport City, Accra – Ghana

The One Airport Square is an excellent example of architecture and engineering integration because of its sustainable features. It is located in the commercial Airport City of Accra, Ghana and is the first building in Ghana to have been awarded 4-stars (Design stage) by the Green Building Council of South Africa (GBCSA). It was developed […]


Development: Admiralty Mall, Admiralty Road, Lekki Phase 1, Lagos

Name: Admiralty Mall; Developer:  Dreamspaces Development; Use: Retail; Location: Admiralty Road – Lekki Phase 1; Main Contractor: Dutum Company Limited; Architects: Beyond Arete; Project Manager: Studio Stoone; Structural Engineers: Pinconsult Associates Limited; MEP Consultants: Alliance Engineering Consultants;  Land Area: Approximately 1,200sqm; GLA: 1,323sqm; Expected Completion: Q1:2020. Admiralty Mall is a 33-unit retail development located in […]


Private Equity Firm, Investec Asset Management acquires Egyptian Supermarket Chain, Spinneys

South African private equity firm, Investec Asset Management on Monday, July 15th, acquired Egyptian supermarket chain Spinneys, a fast rowing supermarket chain in Egypt from defunct private equity firm, Abraaj Group whose management rights has also been undertaken by private equity, Actis. Spinneys Egypt is one of the leading grocery retail players in Egypt, having […]


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