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Updated – Development: Admiralty Evercare Hospital, Lekki Phase 1, Lagos

Name: Admiralty Evercare Hospital; Location: Corner of Bisola Durosimi-Etti Drive and Admiralty Way; Developers/Client: Private Equity Investor; Beds: approx. 150 (Specific number unspecified); Main Contractor: Sharpoorji Pallonji Nigeria Ltd; Project Managers: Profica and Bovell Ross; Quantity Surveyors: FOAB UK Limited in association with FO.AB Partnership and O’Mahony Peel Rowney; Planning Consultants: Mepas & Prodel (Nig) Ltd; Architect: CARE […]


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 […]


AfDB approves $20m loan to Santa Clara Medical (AXA Mansard, IFC and ACA’s Hospital Project)

The Board of Directors of the African Development Bank has approved a Senior Loan in Naira (equivalent to USD 20 million) to Santa Clara Medical Limited, a healthcare project promoted by AXA Mansard, a member of the AXA Group, Africa Capital Alliance, IFC and Healthshare Health Solutions, the hospital management company of the project. The funds will […]


IFC mulls $2.75m loan to African Medical Technology Firm

The International Finance Corporation (IFC), a member of the World Bank Group, is considering a $2.75m investment in Trivitron Healthcare Africa B.V. (THA), a new medical technology company focused on the African continent. THA was launched earlier in the year by Trivitron Healthcare Private Limited, India’s leading medical technology company, together with the Investment Funds for […]


Access a list of Ongoing Construction Projects in Nigeria

Access a list of Ongoing Construction Projects in Nigeria and increasingly the African continent with our Ongoing Construction Projects service. Estate Intel’s Ongoing Construction Projects service is essentially a comprehensive list of property developments in Nigeria and across the African continent. With this service, you get access to a comprehensive database of ongoing projects across the […]


Research Note: Understanding the increased investor interest in Nigerian Healthcare

An increasing number of investors are choosing to allocate capital to the Nigerian healthcare sector as an undersupply of beds relative to other African countries demonstrates an attractive opportunity. At least 800 beds are in the pipeline over the next 4 years as various investors back tertiary facilities that aim to keep $1.6bn of outbound […]


IFC Commits $8.5m in Hospital Project Sponsored by AXA Mansard

The IFC, a member of the World Bank Group, has committed an equity investment of $8.5 million in Santa Clara Africa Limited, a company created to develop a 150-bed hospital and two 10-bed clinics in Lagos, Nigeria. It is promoted by AXA Mansard Plc, the Nigerian subsidiary of AXA Group, who provided equity to the project alongside […]


Afreximbank, Kings College Hospital and Nigerian Ministry for Health Sign Hospital Development MoU

The African Export-Import Bank (Afreximbank), Kings College Hospital (KCH) London, and the Nigerian Ministry of Health have entered into a memorandum of understanding (MoU) to collaborate in developing a centre of excellence for healthcare in Nigeria. The centre will specialise in the treatment of cancer and sickle-cell diseases and will cover four broad areas of medical […]


Ghanaian 700-Bed Hospital Project in $300m Funding Deal with Milost Global

Eco Medical Village Limited, a company seeking to develop a 380-Ward (700 bed) hospital complex for middle and upper class West Africans, recently announced that it executed a $300 million financing term sheet with Milost Global Inc. The Eco Medical Hospital, which will be located in the Achimota/West-Legon region of Accra, is targeting the user […]


IFC Mulls $8.2m Investment in Nigerian Hospital Project Sponsored by AXA Mansard

The IFC, a member of the World Bank Group, is considering a USD $8.2m equity investment for a 20% equity stake in a hospital project in Lagos, Nigeria sponsored by AXA Mansard Insurance. The hospital will be built on a 20,000m2 land purchased by AXA Mansard in Ikate Elegushi, Lekki along the Lekki/Epe Expressway, which was a portion […]


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