News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
June 19, 2017
March 2017. Development: Ilubirin, Lagos Island, Lagos

Profica Team takes on Non Retail Construction Projects in Nigeria

Profica, a professional construction project management company, recently announced their appointment to manage the construction of three projects in Nigeria. As their experience in the project management of Jabi Lake Mall, Owerri Mall, Asaba Mall, Delta Mall and Festival Mall demonstrate, […]
June 19, 2017
Construction Starts at 45 Floor Hilton in Upper Hill Nairobi. Image Source: Hilton

Construction Starts at 45 Floor Hilton in Upper Hill region of Nairobi

Jabavu Village and White Lotus Projects recently broke ground for the construction of a 45-floor Hilton in Nairobi’s Upper Hill region. The 255-guest room and suite hotel is set to open in 2020 and joins 50 Hilton Hotels & Resorts […]
June 8, 2017
Lagos Skyline. Instagram: images by omidire

Here are the Challenges facing Nigerian REITs and the actions Regulators will take

The Nigerian Stock Exchange’s held its Inaugural Real Estate Investment Trust (REIT) conference in late May and stakeholders across various sectors came together once more to discuss the ways each stakeholder, from regulator to investor, will play their part in setting the Nigerian REIT sector […]
June 4, 2017
Park Inn by Radisson, Kiyovu, Kigali - Rwanda. Image Source: Park Inn

Kigali Welcomes Its First Park Inn By Radisson Hotel

The Rezidor Hotel Group debuted its Park Inn by Radisson in Kigali, Rwanda late last month, marking their 5th hotel in the East African region. The group’s African & Indian Ocean portfolio now stands at 36 hotels and 16,600+ rooms in operation […]
May 26, 2017

ei & NSE: Overview of the Nigerian REIT Industry

Visit the Real Estate Research Report Centre for our overview of the Nigerian REIT Industry completed in collaboration with the Nigerian Stock Exchange for their inaugural REIT conference. Real Estate Research Reports
May 26, 2017
Nigerian construction sector finally swings to growth.

Nigerian Construction Sector finally leaves negative territory

After 6 consecutive quarters of negative growth starting from Q2:2015 up until Q4:2016, the Nigerian construction sector has finally swung out of its recession. Data retrieved from the Nigerian Bureau of Statistics (NBS) shows that the sector only just made it out of negative […]
May 15, 2017
April 2017. Earthworks begin at ALP North, Kenya. Image Source: ALP

Africa Logistics Properties Secures $4m in additional funding from Dutch Family Office

Shortly after receiving capital commitments totalling $35m from the IFC and CDC in March, Africa Logistics Properties (ALP) has secured an additional $4m from DOB Equity, a leading Dutch family office to enable them build warehousing developments and expand operations across East Africa. […]
May 13, 2017
Cluttons LLP to close Nigeria office as part of Corporate Restructure

Cluttons LLP to close Nigeria office as part of Corporate Restructure

Cluttons LLP plans to wind down its business in Nigeria as the company seeks to restructure and position for future growth. Turnaround firm RCapital bought Cluttons out of a pre-packaged administration earlier this month, as the company came under significant pressure because the weight […]
May 3, 2017
Is a recovery in sight? - Nigeria Plans to Reopen FX Window to 41 Banned Items

Update: Nigeria Plans to Replace 41 ‘Banned Items’ with Trade Policy Driven Restrictions

According to the Vice President Yemi Osinbajo, Nigeria is currently working on replacing the 41 items not valid for foreign exchange with more trade policy-driven restrictions. In mid-2015, the Central Bank closed the interbank FX window to 41 items to […]
April 30, 2017
Development: Hotel Project, Corner of Ojora and Onitolo Road, Ikoyi - Lagos

Development: Hotel Project, Corner of Ojora and Onitolo Road, Ikoyi – Lagos

Name: Hotel Project; Address: Corner of Ojora and Onitolo Road, Ikoyi, Lagos – Nigeria; Use: Hospitality; Keys: 200; Features: Banquet Hall, Rooftop bar and swimming pool, Fitness Centre and Spa; Parking: 300 bays; Floors: 7; Developer: Tom Hawksworth Limited; Architects: Design Group Nigeria; Project Managers: Design Group […]