The Nigerian Institute of Estate Surveyors and Valuers (NIESV) of the Lagos State Branch has invited EchoStone, an international solution provider focused on affordable housing, to their 13th Honours Nite Awards. Furthermore, EchoStone Nigeria has been nominated for “Most Innovative Building Material in The Industry.” The event is scheduled to be held in Lagos Thursday, May 23rd, 2019.
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Improving investor-confidence in the Nigerian economy and appropriate pricing by product suppliers were the major drivers of the positive growth that pulled the real estate sector out of a 3-year recession in the first quarter of 2019, players in the sector have said.
Stanbic IBTC Holdings PLC’s entities have won the Best Asset/Fund Management Company and Best Private Banking Business in Wealth and Society West Africa at the Global Wealth and Society Awards West Africa 2019. The awards further validate Stanbic IBTC’s standing as a leading end-to-end financial services organisation with market leadership across segments, including wealth management, corporate and investment banking, pension fund administration, stock broking, custody, trusteeship and others.
Yaba, an area located on the mainland of Lagos State is attracting investors and real estate developers in droves for five strategic reasons.
The Director at Prindex Properties, Tolu Bawa-Allah, who disclosed this, listed its proximity to other areas in Lagos mainland and Victoria Island as one geographic feature that endears Yaba to a teeming number of working class people. “It has a high density of middle income earners who work on the Island but seek relatively upscale yet affordable residential accommodation on the mainland that is as close as possible to the Island.
The 11 electricity Distribution Companies (DisCos) would require about $10 billion in investments involving new investors, to deliver quality electricity services over a five-year period, estimates quoted by a study has said.
The UAE’s hospitality sector is all geared up for the World Expo 2020 with a significant capacity boost by adding 56,701 rooms that represent 33.6 per cent of the country’s existing supply over the next one year. The latest available industry data shows that the UAE drives the Middle East hotel industry boom with an exponential surge in the number of new hotel projects and rooms, followed by Saudi Arabia with an additional supply of 42,571 room, accounting for 42.9 per cent of the kingdom’s existing inventory.
Real estate firm, BSTAN Group has attributed the increasing deficit of infrastructure in Nigeria to weak government policies. While unveiling the group brand new ambassadors, MC Papi and MC Shortcut, yesterday in Abuja the Chief Executive Officer of BSTAN Homes , Becky Damilola -Oke, said government must formulate stronger policies that will encourage more private firm to invest in the housing sector to bridge the current infrastructure deficit put at 20 million.
As far as humble beginnings go, FoodCo Nigeria Limited, a diversified consumer goods company with interests in retail, fast food, entertainment and manufacturing, located in Ibadan, certainly fits the bill. Back in 1981, when Iyabo, Matriarch of the late Adegbenga Sun-Basorun Family, opened a small fresh food and vegetable store in Bodija market, located in the heart of the West-Africa’s largest city, chances were, she didn’t reckon she was actually planting a legacy in Ibadan. 38 years later and that legacy is redefining the indigenous consumer goods and retail landscape in South-West Nigeria.
In a crowded, oligopolistic and slow-moving market where everybody seems to be doing virtually the same thing, what keep both the market and product suppliers going are product differentiation and efficiency of service delivery.
The Chief Executive Officer of Spektra Global, Mr William Halm has urged investors to take advantage of the country’s widening housing deficit to create wealth through the real estate sector.He said the housing deficit, which currently stood at 2.7 million and a growing middle class in the country, had created a pressing need for decent accommodation, something investors could take advantage of.