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Development: Ramada Plaza Business Hotel, Lekki – Lagos

Name: Ramada Hotel Developer: Kunech Investments Limited Use: Hotel Rooms/Keys: 170+ Location: Ikota – Lekki Epe Express Way Expected Completion: Late 2015 In December 2013, the Hospitality Division of Kunech Investments signed a franchise agreement for their new hotel project on the Lekki-Epe Expressway. The project, called the Ramada Plaza Business Hotel is expected to be a 4 […]

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Ranked: The Top Contractors Changing Lagos’ Office Skyline [Infographic]

The amount of office space under construction continues to grow as developers increasingly make bets that the requirements for prime office space in Lagos will rise. Some of the contractors/construction companies helping these developers build their assets have emerged as market leaders and this infographic seeks to illustrate this. Based on available data collected, this infographic ranks the contractors changing […]

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Lagos State & Rendeavour enter Joint Venture for Mixed Use Project

Rendeavour, an African urban land developer, has signed a joint venture agreement with the Lagos State Government and Lekki Worldwide Investments Limited for a mixed-use land development within the Lekki Free Trade Zone. The multi-billion Naira project is said to include the development of world-class infrastructure while creating thousands of jobs. The firm’s development formula involves working with local developers, […]

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South African Investor Acquires 37.1% in The Wings Office Towers

Earlier this month, a South African property investment and development company named Pivotal entered into an MOU to acquire a 37.1% shareholding in the $104 Wings Towers office development in Victoria Island, Lagos. Pivotal will join Oando and RMB Westport as a new joint venture partner for this development, which intends to bring in 27,000 sq. […]

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Prime Office Completions in Ikoyi

As the first half 2015 begins to elapse, landmark office developments in Ikoyi including the BAT Rising Sun, Heritage Place (15,600sqm) and Temple Tower (15,000sqm) are slowly nearing completion. Last week, Heritage Place conducted its topping out ceremony with the Commissioner of Physical Planning marking a significant milestone and the obvious drive to fully clad and complete the building […]

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Development: Delta Mall – Effurun, Warri

Name: Delta Mall Location: Effurun, Warri – Delta State Size: 13,980 sq. m. Anchor Tenants: Shoprite, Jet, Mr. Price Expected Completion: Q2 2015 Developer: Resilient Africa Cost: $55m Investment interest continues to grow in 2nd tier cities as more developers like Persianas and Resilient Africa are keen on taking advantage of Nigeria’s undersupply of modern retail. Delta Mall, which is […]

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Increasing Tenant Depth is Key for Growth in Nigeria’s Retail Sector

The pool of retailers operating within the Nigeria’s rapidly growing retail market is relatively small. Many including Shoprite, have ties with South Africa, a country that has played an integral role in the development of modern retail in the Nigeria. However, 10 years after country’s first modern mall (The Palms, Lekki) was built, a handful of the South African as well as […]

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Development: Jabi Lake Mall – Abuja

Name: Jabi Lake Mall; Location: Jabi, Abuja; Size: 25,000sqm; Contractor: Bouygues Construction; Developers and Investors: Actis, Laurus Development Partners and Duval Properties Limited; Expected Completion: Q4 2015. Jabi Lake Mall is a 25,000sqm retail development in the Jabi/Utako region of Abuja. Construction has been ongoing since 2014 and completion is slated for year end 2015. Similar to other real […]

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Updated – Development: The Corporate Tower, Eko Atlantic City, Lagos

Name: The Corporate Tower; Location: Eko Atlantic City, Lagos; Floors: 38; Delivery Date: Not Specified; Developers: Eko Pearl Nig. Ltd. in collaboration with ELSA International. The Corporate Tower is a 38 floor development by Eko Pearl Nig. Ltd. in collaboration with ELSA International. Eko Pearl Nig. Ltd already have another real estate development interest on the Eko Atlantic. This includes the […]

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Development: Temple Tower, Ikoyi – Lagos

Temple Tower is another addition to the growing list of developments on Ikoyi’s major commercial node, Alfred Rewane Road. It is a 15 floor office development being built by YF Construction, the group behind NIPOST/Energy Towers on Adeola Odeku Road, V.I. and 21 Gerard Apartments on Gerard Road, Ikoyi. Temple Tower was completed before in Q4 2015. It is […]

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