Retail-Consumer demand and market awareness is leading to expansion of a variety
of modern retail formats beyond the primary cities of Lagos and Abuja and into secondary
cities Office-A weak economy coupled with a strong supply pipeline means lower rents
and longer lead times to lease up buildings particularly for new Class A developments
on the Lagos Island Hospitality-Existing brands are building their pipelines while new
brands are entering the market. Market fundamentals remain attractive with the
expectation of a pickup in the medium term following the current slow-down
Finance-Offshore funds continue to grow their portfolios and are the preferred choice
along with joint venture arrangements for local developers seeking to build out their schemes.