News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
January 15, 2017

Kingdom Holding Company sells Movenpick Ambassador Hotel Accra

January 2017 has been a particularly busy month in Ghana so far, and the recent announcement of a transaction involving the Mövenpick Accra has added to the activity.  The sale of the 260-room Mövenpick Ambassador Hotel, which opened in 2011, […]
January 6, 2017
African Logistics Properties Acquires Second Site for Development

Africa Logistics Properties Acquires Second Nairobi Site for Industrial Development

Africa Logistics Properties (ALP), an integrated commercial property investment platform with a principal focus on the logistics and industrial sector, have completed their second Nairobi land acquisition of 22.3 acres in Tatu in Northern Nairobi. They are backed by diversified investment holding […]
January 6, 2017

Looking back on 2016: Notable moments in African hospitality and travel

2016 was a memorable year for the world as a whole – the deaths of so many greats, the rise of populism in the West – and for us in Africa, elections, economic challenges and headwinds.  Economic recession in many […]
January 3, 2017
December 2016 - Marriott Hotel, Ikeja GRA (View from Oba Aladejobi Street).

Updated – Development: Marriott Hotel, Ikeja GRA – Lagos

Published: June 2016. Updated: January 2017. Name: Marriott Hotel Ikeja Government Reservation Area (GRA); Location: Site is accessible from Oba Aladejobi Street and Joel Ogunnaike Street, Ikeja Government Reservation Area (GRA) – Lagos; Use: Hospitality; Number of Rooms/Keys: 251; Estimated Site Area: […]
December 17, 2016
From L-R: Elizabeth N. Nkukuu, Chief Investments Officer-Cytonn Investments, Marko Backström, Legal Counsel-Taaleri, Juhani Elomaa, CEO - Taaleri & Edwin H. Dande, Managing Partner and CEO-Cytonn Investments welcoming Taaleri to Cytonn Investments by signing the visitors book. Image Source: Cytonn

Finnish Private Equity Investor Increases Exposure to East African Real Estate

Taaleri, a Finnish financial group, is increasing their exposure to East African real estate by continuing their alliance with Cytonn Investments and partnering with East African real estate investment and private equity firm, Fusion Capital. The Helsinki listed group has subsidiaries […]
December 13, 2016

Insight into the Economy, Real Estate, Demographics and Future Growth with 15 Charts

These 15 charts illustrate the Nigerian economy, population growth, urbanisation, age distribution statistics as well as the performance of the real estate, construction and trade sectors. View the charts on Nigerian Real Estate, Economic & Demographic Data.
December 9, 2016

Infographic: Lagos State 2017 Budget Proposal To Focus on Infrastructure

The Lagos State Governor presented the Year 2017 Budget proposal of ₦813bn to the House of Assembly at the end of November 2016. The Governor christened the 2017 budget as “The Golden Jubilee Budget” as it coincides with the State’s […]
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; Rooms: 160 rooms; Cost: $25m; Amenities: Health club, restaurant, business centre, retail, spa, swimming […]
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 what was expected by most analysts. A worsening economic environment due to falling oil […]
November 21, 2016

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 lower room occupancy, reduced food and beverage revenue, and higher costs caused by the weakening […]