News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
October 17, 2017
Waterview Landmark Village, Lagos, Nigeria Source:

Marriott’s announcements at the African Hotel Investment Forum 2017

Marriott announced seven new hotel deal signings at the African Hotel Investment Forum (AHIF) 2017, which held October 10 – 12 in Kigali, Rwanda.  The global hotel company currently operates in 20 African countries, a penetration that was particularly driven […]
October 8, 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 […]
October 6, 2017
Hyatt Marrakech. Image Source: Perkins Eastman

An upbeat week of announcements for African hotel markets

It was a week of major announcements of growth plans for Africa by international hotel companies.  Announcements came from U.S. based Hyatt and Hilton to significantly increase their footprints in Africa over the next few years. HYATT In a press […]
October 6, 2017
Development: Park Towers, Eko Atlantic City, Lagos

Can you help us answer a few questions?

We are currently gathering information on attitudes to purchasing luxury residential property in Lagos, Nigeria. Can you help by filling in this brief 10 question survey and let us know what your preferences and thoughts are, even if you are not […]
October 3, 2017
#EAPI2017. The 2017 East African Property Investment Summit at Radisson Blu, Upper Hill, Nairobi - Kenya.

API Events Press Release: The next chapter for West African real estate

The Nigerian real estate sector is turning the corner as the country’s economy appears to be emerging from recession. The easing of inflationary pressure, improved investment inflows, increased oil production and an improvement of foreign exchange liquidity, have all contributed […]
October 2, 2017

Pearl of Africa opens in Kampala, Uganda

The Pearl of Africa Hotel officially opened in the Nakasero Hill district of Kampala, Uganda on October 1st.  The hotel was developed by the AYA Investment Group, reportedly at a cost of US$300 million. Construction started on the property in 2006 […]
October 1, 2017

East African Asset Manager Receives Kenya’s 3rd REIT License

Kenya’s capital market regulator has granted the asset management subsidiary of Britam Holdings Plc (Britam) a license that enables them operate a Real Estate Investment Trust. Britam is a diversified financial services group with operations in Kenya, Uganda, Tanzania, Rwanda, South […]
September 27, 2017

Marriott Opens in Imo State Capital

Marriott International has announced the opening of its new Protea Hotel by Marriott in Owerri, Imo State, Nigeria.  The 90-room hotel was developed by African Capital Alliance, a West African-focused private equity firm, and Kunoch Limited.  The development of the […]
September 25, 2017
Part of the Upper Hill skyline in Nairobi, Kenya. Britam Tower and Crowne Plaza shown in the middle. Image Source.

TIA Africa Investment Report 2017

This is Africa (TIA) published their annual Africa Investment Report earlier this month and their rulings point to the current state of flux and uncertainty that many African climes are currently characterised by. According to their findings, China has surpassed […]
September 19, 2017
#API2017: Developing Africa's New Reality

#API2017: Developing Africa’s New Reality

The 2017 edition of African Property Investment Summit was held in the Sandton Convention Centre in Johannesburg, South Africa on the 24th and 25th of August 2017. It was an interesting assembly of 550+ delegates and speakers well represented across […]