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Real estate records flat growth as counties delay approvals

Real estate sector growth remained largely flat in the third quarter of this year with rental yields in the commercial office and retail sectors dropping by 0.1 percent and 0.2 percent respectively. A report by Cytonn Investments, itself a real estate player, shows that residential sector remained flat at 4.9 percent in the period under […]

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UPDCREIT Issues Notice of Distributions to Unit Holders

The Investment Committee and the Joint Trustees to the UPDC Real Estate Investment Trust (UPDC REIT) have recommended the following distributions to unit holders: 1. A final distribution of 26 Kobo per unit to unit holders for the year ended 31 December, 2018; 2. An interim distribution of 32 Kobo per unit to unit holders […]

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3-storey building collapses in Lagos

The Director-General, Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Oke-Osanyintolu, said that a three-storey building on Lekki Expressway collapsed at about 7.14 p.m. on Thursday in Lagos.

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Winners for Africa’s Top Real Estate Developments Announced at The 10th API Summit

Property developers, suppliers and owners were provided an opportunity to showcase their best projects and services from across sub-Saharan Africa at the annual Africa Property Investment (API) (APIEvents.com) Awards which were on held on the 2nd of October 2019, at a gala networking dinner held at the exclusive Alice & Fifth Restaurant

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UPDC REIT reports 20% increase in profit after tax for FY 2018

UPDC Real Estate Investment Trust (REIT) has released its full-year audited 2018 results for the year ended 31 December 2018. This was disclosed in a notification addressed and sent to the Nigerian Stock Exchange.

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Why Housing Is Not Affordable In Nigeria –Developer

A real estate developer, Mr Gbadewole Ebenezer, has offered reasons why affordable housing in Nigeria is far-fetched. Ebenezer in an interview with The Tide, Monday in Port Harcourt, noted that one of major factors playing affordable housing in the country was the fluctuating price of building materials.

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Expert Wants State Of Emergency In Housing Sector

The Chief Executive of Fesadeb Communications Limited, Mr Festis Adebayo, has called on the Federal Government to declare a state of emergency in the housing sector to address effects of population growth.

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S’Africa APC Moves To Tackle Nigeria’s Housing Challenges

The South African Chapter of the All Progressives Congress (APC) has promised to work with President Muhammadu Buhari to solve problems of housing, healthcare and energy in the country.

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NIQS: our position on separation of duties in construction industry

Nigeria Institute of Quantity Surveyors President Obafemi Onashile on Tuesday denied an online report credited to him that quatity surveyors should be allowed to undertake cost management of projects on behalf of the government.

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Appolonia City To Become Home To MainOne Data Centre In 2020

MainOne has announced the expansion of its data center brand, MDXi, into Accra Ghana, in line with its ongoing West African expansion plans. The company’s MDXi subsidiary, the largest commercial data center services provider in West Africa, is extending its imprint into Ghana with the new facility to expand MainOne’s infrastructure and service profile in […]

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