News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
October 26, 2016
City of London's Tallest Tower (22 Bishopsgate) gets the Green Light. Image Source:

City of London’s Tallest Tower gets the Green Light

AXA Investment Managers – Real Assets has announced that on behalf of a consortium of international investors, it will continue construction of 22 Bishopsgate (“22”) in […]
October 22, 2016
Mobil HQ, Interior of Mobil Court Residential Unit and Mobil Court, Victoria Island - Lagos. Image Sources: Tillyard Nigeria and

What’s Next for Mobil’s ₦47.6bn Investment Property Portfolio?

This week NIPCO Plc, an indigenous downstream oil and gas company, announced the acquisition of a 60% stake in Mobil Oil Nigeria Plc (MON) from ExxonMobil, […]
October 21, 2016
Alfred Rewance Kingsway) Road, Ikoyi

Lagos State Demolishes Car Showrooms on Alfred Rewane (Kingsway) Road

On Sunday, the Lagos State Government demolished a number of structures on the setback on Alfred Rewane (Kingsway) Road in Ikoyi. As shown in the map […]
October 19, 2016
The Tower, Dubai Creek Harbour. Image Source: Emaar

Dubai’s ‘The Tower’ will be the World’s Tallest Structure by 2020

Name: The Tower; Location: Dubai Creek Harbour; Developer: Dubai Holdings & Emaar Properties; Designer: Santiago Calatrava (Spanish/Swiss Architect); Height: Not released; Floors: Not released; Construction Started: Q4:2016; Expected […]
October 8, 2016
The Legend Hotel, which will be located within the Murtala Mohammed Airport boundaries in Lagos - Nigeria, will feature 130 guest rooms, including eight suites. Credit: Curio - A Collection by Hilton.

Hilton Announces New Hotel Projects in Africa

Hilton Worldwide announced at the 2016 Africa Hotel Investment Forum (AHIF) in Kigali, Rwanda, that the company had signed 3 new hotels in a bid to expand their coverage over […]
October 7, 2016
The Art Hotel, Victoria Island Annex/Oniru.

Updated – Development: The Art Hotel, Oniru

Name: The Art Hotel; Location: Plot 13A, Block 111, Yesufu Abiodun Oniru Way, Victoria Island; Floors: 7; Use: Hospitality; Rooms: 46 (4-Star); Cost: $15m; Developer: Dreamspaces Development; Contractors: Dutum Company Limited; […]
October 7, 2016
Africa's First Modern Railway from Ethiopia to Djibouti. Image Source: VOA News

Africa’s First Modern Electrified Railway from Ethiopia to Djibouti Opens

Africa’s first modern electrified railway was launched on Wednesday October 5, 2016 in a grand inauguration ceremony in Addis Ababa, Ethiopia. The rail lines connecting the capitals […]
October 6, 2016
Kigali Marriott, Rwanda. Image Source: Marriott

Marriott Opens 254-Room Marriott in Kigali, Rwanda

Earlier this week, Marriott International officially opened the doors of its first Marriott Hotel in Rwanda. The 254-room Marriott is located in Kigali, Rwanda’s capital city and […]
October 6, 2016
Image Source: Marriott

Marriott Increases African Footprint with New Signings in 4 African Cities

Weeks after creating the world’s largest hospitality company through its acquisition of Starwood Hotels and Resorts, Marriott has announced signings of new properties in Nairobi, Cape […]
September 30, 2016
CNBC Africa

Tracking private equity deal activity in Africa

Real estate and private equity market players discussed deal activity in the African private equity sector on CNBC Africa yesterday following the publication of the H1:2016 African […]