News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
November 28, 2016
Chelsea Hotel Ikoyi - Lagos. Image Source: Chelsea Group.

Development: Chelsea Group Hotel, Ikoyi – Lagos (Updated)

Published: June 2014; Updated: November 2016. Name: Chelsea Hotel Ikoyi; Location: Intersection of Alfred Rewane (Kingsway), Gerrard and Osborne Road in Ikoyi; Developer: Chelsea Group; Use: Hospitality; […]
November 22, 2016

Nigerian Real Estate & Construction Economic Sectors Sustain Quarterly Declines

Nigeria remained firmly in recession during Q3:2016 as data published by the Bureau of Statistics showed that the economy contracted -2.24%, a few basis points less than […]
November 21, 2016
Federal Palace, Victoria Island, Lagos. Image Source: Sun International

Federal Palace Hotel (TCN) Makes Loss for 2nd Consecutive Year

The Tourist Company of Nigeria, which owns and operates the Federal Palace Hotel in Victoria Island, Lagos reported a loss for the 2nd consecutive year following […]
November 2, 2016
Development: The Exchange, Accra - Ghana

Development: The Exchange, Accra – Ghana

Name: The Exchange; Location: 7 Acre site close to Kotoka International Airport, Accra – Ghana; Use: Mixed Use:  Residential – 100 Apartments & Penthouses (1, 2 and […]
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; […]