News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
August 17, 2017
Ikeja City Mall. Image Source: RMB Westport

Co-Owner of Ikeja City Mall Plans to Convert to REIT by 2018

Attacq, co-owners of Ikeja City Mall in Lagos – Nigeria, have commenced the process of aligning their existing portfolio to their long-term strategy as they prepare to convert into a Real Estate Investment Trust. As reported by South African news […]
August 14, 2017
A.P Moller Raises $550bn for Africa Infrastructure Fund and Targets $1bn in 12 months. Image Source: Instagram - imagesbyomidire

A.P Moller Raises $550bn for Africa Infrastructure Fund and Targets $1bn in 12 months

A.P. Moller Holding, a privately held investments company with approximately $20bn under management has launched a new infrastructure fund with a focus on Africa. The fund has received commitments of $550m from large Danish pension fund anchor investors including PKA, PensionDanmark […]
August 7, 2017
Lagos Skyline. Image Source: Instagram - images by omidire

ei Report: Extended Newsletter for the Real Estate Market in July 2017

Download your copy of the Extended Newsletter for the Real Estate Market in July 2017. Join our newsletter to make sure you receive this document as soon as it is sent out.
August 5, 2017
Jai Lake Mall, Jabi - Abuja. Image source:

ei Report: Boom & Bust – The past, present and future of Nigerian retail

Hacking the African retail sector has been a significant driver of investment activity in the region over the last decade. Every piece of literature regarding Sub-Saharan Africa and the ever-prominent Africa Rising narrative points to the continent’s large rapidly urbanising […]
August 3, 2017
(L-R) Prof. Isaac Adewole, Minister of Health of Nigeria; Afreximbank President Dr. Benedict Oramah; and Prof. Ghulam Mufti, Non-Executive Director of the Board of Kings College Hospital, UK, following the signing of the MOU in Abuja

Afreximbank, Kings College Hospital and Nigerian Ministry for Health Sign Hospital Development MoU

The African Export-Import Bank (Afreximbank), Kings College Hospital (KCH) London, and the Nigerian Ministry of Health have entered into a memorandum of understanding (MoU) to collaborate in developing a centre of excellence for healthcare in Nigeria. The centre will specialise in […]
August 3, 2017
Appolonia City. Image Source:

Rendeavour Announces Affordable Housing Partnership with Abraaj-backed Mortgage Bank

Appolonia City, a project by urban land developer Rendeavour, will build 100 affordable homes as part of a partnership with Ghana Home Loans, a Ghanian mortgage provider that is backed by the Abraaj Group, International Finance Corporation and the Overseas Private Investment Corporation. The entire […]
August 1, 2017

Exploring Hotel Management Agreements in the African Context

A hotel management agreement is an arrangement in which a hotel’s owner contracts with a management company, or operator, to run the hotel.  According to this hotel management contract overview published by HVS, the management company, or operator, typically assumes […]
July 25, 2017
380-Ward (700 bed) State of the Art International Hospital Complex named Eco-Medical Hospital. Image Source: Eco Medical Village Limited

Ghanaian 700-Bed Hospital Project in $300m Funding Deal with Milost Global

Eco Medical Village Limited, a company seeking to develop a 380-Ward (700 bed) hospital complex for middle and upper class West Africans, recently announced that it executed a $300 million financing term sheet with Milost Global Inc. The Eco Medical […]
July 25, 2017

Lagos Instructs Owners of Properties on Drainage Channels to Vacate or Risk Removal

In a press release published by the Lagos State Government, owners of properties erected on drainage channels that impede the free-flow of water were instructed to immediately vacate or risk being removed. The notice comes shortly after severe flooding affected most […]
July 9, 2017
Development: Protea Hotel Select Owerri, Imo - Nigeria. Image Source: HOS Consult

Development: Protea Hotel Select Owerri, Imo – Nigeria

Name: Protea Hotel Select Owerri; Developer: Capital Alliance Property Investment Company (an African Capital Alliance managed fund); Location:Plot H/1 Nekede Pocket Layout New Owerri, Protea Road Owerri  Nigeria; Use: Hotel; Keys: 90+; Project Team: O’Spaces Nigeria Limited, HOS Consult; HVAC Contractor: […]