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PROPERTY NEWS
‘Rising cost of living puts off property buyers’
By AGENCY REPORTER
Published: Punch, 6th February, 2012
Rising cost of living is putting off first time buyers in the United Kingdom despite the fact that mortgage costs have fallen below 2003 levels, new research shows......More
Minister flags off N137b Abuja district infrastructure project
By TERHEMBA DAKA
Published: Guardian, 6th February, 2012
IN a bid to open up investment opportunities and provide for more accommodation to the teeming population in Abuja, the Federal Capital Territory (FCT) last week formally commenced N137 billion infrastructural developments in the Kagini, Katampe and Maitama extension districts....More
Property investors get refund deal on stalled Dubai project
By Editor Property
Published: Guardian, 6th February, 2012
PROPERTY investors in Dubai have managed to negotiate a deal for payments on a stalled project to be refunded without resorting to court action....More
Environmentalists seek cities’ coastal development plan
By TOSIN FODEKE
Published: Guardian, 30th January, 2012
ON the heels of the development of Eko Atlantic City project, environmentalists have weighed the options and are seeking a comprehensive national development plan within coastal cities corridors in the country.....More
Ogun to partner builders
By AGENCY REPORTER
Published: Punch, 30th January, 2012
The Ogun State Government has said it is ready to partner the Nigerian Institute of Building and other relevant bodies in the construction industry to actualise the Governor Ibikunle Amosun administration’s mission of rebuilding the state....More
Delta sets up housing team, seeks professional synergy
By Editor Property
Published: Guardian, 30th January, 2012
COMPELLED by the resolve to ensure the speedy realisation of government’s target in the housing sector, Delta State Government has established a three-man team to effectively monitor the activities of housing professionals in the various departments....More
Ogun assures residents of affordable housing
By Editor Property
Published: Guardian, 23rd January, 2012
AMID the prospects of completing existing structures in some housing estates, Ogun authorities have urged residents to explore opportunities provided by state’s mortgage firm towards becoming homeowners....More
Ministry plans 100,000 housing units for para-military officers
By ADELANI ADEPEGBA, ABUJA
Published: Punch, 23rd January, 2012
The Ministry of Interior has signed a memorandum of understanding with a property development firm, Byuan Resources Limited, to provide 100,000 housing units for officers and men of the Nigerian Security and Civil Defence Corps, Nigeria Immigration Service, Nigeria Prisons Service and the Federal Fire Service....More
Mixed reactions trail govt, Lagos proposed housing, land reforms
By Emmanuel Badejo
Published: Guardian, 16th January, 2012
THE plan by President Goodluck Jonathan to expend the sum of N180 billion and N26 billion respectively on works and housing in the present fiscal year has continued to elicit mixed reactions from professionals within the built sector....More
Firms launch property safety equipments
By Editor Property
Published: Guardian, 2nd January, 2012
IN response to high susceptibility to environmental hazards and attacks in Nigeria, a property safety engineering firm, Surveillant Fire Limited, in partnership with top global brands in safety equipment manufacturing, Hochiki Europe, UK and NAFFCO, United Arab Emirate, have launched new ranges of property protection and fire fighting equipments in Nigeria....More
Slum upgrading, Lagos agency targets mid 2012 completion date
By Tunde Alao
Published: Guardian, 2nd January, 2012
BARRING any unforeseen circumstances, the upgrading of Bariga blighted area in Lagos is going to witness a new transformation, as the selected road networks in the area are to be rehabilitated and new ones constructed in the neighbourhood. Besides, a new water channel is also to be completed by May, 2012....More
Lagos, developer resolve dispute as Eden Gardens Estate kicks off
By Emmanuel Badejo
Published: Guardian, 2nd January, 2012
SEVERAL years after the dust over the ownership of a vast landed property located at Km 21, Lekki-Epe Expressway, Lagos, had settled, a new estate that will provide home for about 385 families, has taken off....More
UK property prices expected to fall by 3%
By Agency Reporter
Published: Punch, 26th December, 2011
Sale of United Kingdom’s residential properties may rise a little in 2012 but prices will struggle to follow suit, according to the latest Housing Market Forecast published on Thursday by the Royal Institution of Chartered Surveyors....More
US property market may reach bottom in 2012 - Experts
By Agency Reporter
Published: Punch, 26th December, 2011
Residential property prices in the United States are expected to fall by 1.57 per cent in the fourth quarter of 2011, according to the December Zillow Home Price Expectations Survey, propertywire.com reports....More
Surveyors tackle unethical practices
By Akinpelu Dada
Published: Punch, 26th December, 2011
The Nigerian Institution of Surveyors, Lagos State branch, is collaborating with the Association of Private Practising Surveyors of Nigeria to flush out bad eggs giving the profession a bad name....More
FMBN lures informal sector with cooperative housing loan scheme
By Akinpelu Dada
Published: Punch, 12th December, 2011
With about 80 per cent of the population excluded from the existing mortgage arrangement and 16 million housing units required in the country, the Federal Mortgage Bank of Nigeria has introduced a scheme to provide houses for this group,AKINPELU DADA writes....More
Builders’ council to participate in insurance enforcement practice
By Adelani Adepegba, Abuja
Published: Punch, 12th December, 2011
The Council of Registered Builders of Nigeria has concluded arrangements for its members to participate in the insurance enforcement practice in the country....More
Alpha Mead bags ISO certification on facility management
By EDITOR PROPERTY
Published: Guardian, 12th December, 2011
LAGOS-based firm, Alpha Mead Facilities and Management Services Limited announced last week that the company has received ISO 9001:2008 certification, which is an endorsement on the company’s operational efficiency, institution of enduring processes and systems....More
Surveyors, others condemn corruption, plea bargaining
By Akinpelu Dada
Published: Punch, 5th December, 2011
The Nigerian Institution of Surveyors, Ogun State branch, and some prominent members of the society, including lawyers and professionals in the built environment, have condemned the pervasive corruption in the country and the principle of plea bargaining....More
Engineers call for inquiry into project failures
From Nkechi Onyedika
Published: Guardian, 5th December, 2011
IRKED by the frequent failure of roads projects across the country, the Council for Regulation of Engineering in Nigeria (COREN) and Nigerian Society of Engineers (NSE) have called on the Federal Government to set up an engineering inquiry to investigate the issue.....More
Surveyors task Ogun on land documentation, quacks
By Tunde Alao
Published: Guardian, 5th December, 2011
PERTURBED by proliferation of fake land documents in circulation within the metropolis, members of the Nigerian Institution of Surveyors (NIS), Ogun State Branch, have tasked the state government and all stakeholders to rise to the challenge by blocking all loose ends in the land administration in the state....More
Lagos woos private developers as UPDC unveils Victoria Mall Plaza II
By Chinedum Uwaegbulam
Published: Guardian, 28th November, 2011
FRESH prospects may be on the cards for private sector investments seeking participation in Lagos’s housing development sector, if statements made last week by a senior state official is anything to go by....More
Lagos to begin e-C of O issuance Q1 2012
BY Ronke Badmus
Published: Punch, 28th November, 2011
The much anticipated transition to electronic Certificate of Occupancy by the Lagos State Government, which was initially scheduled to begin this month, will now commence in the first quarter of 2012....More
Ambassage Properties offers Oakwood Park
By Agency Reporter
Published: Punch, 28th November, 2011
In a bid to cushion the accommodation challenges facing residents of Lagos and Ogun states, Ambassage Properties Limited has beckoned on potential homeowners to subscribe to its Oakwood Park opposite the Redeemers’ University, off the Lagos-Ibadan Expressway....More
Builders seek workable housing, urban policy
By EDITOR PROPERTY
Published: Guardian, 21st November, 2011
SPURRED by the spate of building collapses and unemployment in the sector, professional builders have urged the Federal Government to introduce a workable housing and urban policy that would provide roles for professionals in the built environment to meet the shortfall in housing stock put at over 17 million....More
Infrastructural deficit: NIQs proposes economic governance model
BY Ronke Badmus
Published: Punch, 21st November, 2011
Against the backdrop of infrastructural deficit of over N30tn, the President, Nigerian Institute of Quantity Surveyors, Mr. Agele Alufohai, has called on the Federal Government and the Organised Private Sector to fast-track the infrastructural development through viable Public-Private-Partnerships....More
Mass housing: Minister tasks architects on local materials
By Ronke Badmus
Published: Punch, 21st November, 2011
The Minister of Lands, Housing and Urban Development, Ms. Ama Pepple, has called on architects to collaborate with other stakeholders to harness local resources and technological know-how to address the nation’s housing needs....More
Engineers fault govt’s new policy on design, contract financing
By Tosin Fodeke
Published: Guardian, 14th November, 2011
A NEW policy that outlawed award of contracts without complete designs and laid-out financial plan issued recently by the Federal authorities has provoked ire of engineers, who stated that the decision is inimical to the growth of the profession and infrastructural development....More
NIQS seeks govt’s support for private infrastructure financing
BY Tunde Alao
Published: Guardian, 14th November, 2011
THE groundswell of efforts towards repositioning the nation’s construction industry to meet the demands of an emerging economy got underway last week, when the Nigerian Institute of Quantity Surveyors (NIQS) recommended to the Federal Government to back private sector’s infrastructure financing initiative....More
IFMA to honour facility managers
By Ronke Badmus
Published: Punch, 14th November, 2011
The International Facilities Management Association, Nigerian chapter, is set to give awards to facility management practitioners who have contributed to national development....More
NITP plans State of Urban, Regional Planning report
By Chinedum Uwaegbulam
Published: Guardian, 7th November, 2011
CONSIDERING the increasing demand for sustainable of urban services and paucity of funds threatening attainment of livable cities in the country, professional town planners have expressed concern that urban settlements are not been adequately recognised and integrated in the Federal Government’s Vision 20:2020 documents....More
Operatives plan MBAN housing finance, investment forum
BY Chinedum Uwaegbulam
Published: Guardian, 7th November, 2011
PIQUED by the misconceptions about the strength and stability of the Nigerian mortgage sector, the operatives have launched an initiative, which will act as a platform to build bridges between the stakeholders and create an awareness of the various affordable mortgage products....More
Estate valuers challenge govt on housing problems
By Chukwuma Okparaocha
Published: Tribune, 7th November, 2011
State and Federal Government have been implored to invest in housing for the poor and provide mortgage finance in order to address the housing problems in the nation....More
Isheri floods: Property owners seek permanent solution
By Akinpelu Dada
Published: Punch, 31st October, 2011
As the floods that followed the release of water from the Oyan Dam continue to wreak havoc in parts of Ogun and Lagos states, hard hit property owners and residents of Riverview Estate, Isheri, have called on President Goodluck Jonathan to fulfil his promise by directing the immediate commencement of work on the construction of artificial lakes to take in excess water....More
Builders seek body to regulate expatriate influx
BY TOSIN FODEKE
Published: Guardian, 31st October, 2011
PROFESSIONAL builders have called for the organisation of a broad-spectrum built professions’ forum with a view to improving the services of indigenous firms and checking the influx of expatriates into the country....More
Building insurance: NIESV, NAICOM insist on proper valuation
By RONKE BADMUS
Published: Punch, 31st October, 2011
The National Insurance Commission has pledged to work closely with the Nigerian Institution of Estate Surveyors and Valuers to ensure proper valuation of properties in order to ensure smooth implementation of the compulsory insurance of public building policy.....More
Projects: Lagos pays N3.65bn compensation to property owners
By RONKE BADMUS
Published: Punch, 24th October, 2011
The Lagos State Government has so far paid N3.65bn as compensation to individuals whose properties were acquired for various public projects from 2010 till now....More
Nigerian realtors adopt new international valuation standard
BY Akinpelu Dada
Published: Punch, 24th October, 2011
Membersof the Nigerian Institution of Estate Surveyors and Valuers are honing their skills in preparation for the take-off of the new International Valuation Standard on January 1, 2012....More
Infrastructural dev: Experts call for public, private partnership
By Chukwuma Okparaocha
Published: Tribune, 24th October, 2011
Alitheia Capital Real Estate Insight has called the attention of the government to the benefits embedded in forming a strong bond with the private sector....More
Ambassage Properties to explore high-end real estate market
By Akinpelu Dada
Published: Punch, 17th October, 2011
Ambassage Properties Limited has said it is set to explore the middle and upper income segment of the real estate market, having made its mark in the low income segment....More
Developer offers discount on Gioni housing estate
BY Editor Property
Published: Guardian, 17th October, 2011
AN indigenous developer, Messrs Owolabi Adejonwo Properties and Investment Company Limited, has introduced promotional offer by way of discount on house purchases and special payment options to prospective homeowners....More
FHA tasks developer on speedy completion of housing unit
By NKECHI ONYEDIKA
Published: Guardian, 17th October, 2011
WORRIED by the delay in delivering its scheme, the Federal Housing Authority (FHA) has urged the developer handling the Federal Housing Lugbe Extension to increase the pace work on the project and ensure that the project is completed by December, 2011....More
AMCON picks 50 estate firms for banks’ collateral valuation
By CHINEDUM UWAEGBULAM
Published: Guardian, 10th October, 2011
CLOSE on the heels of recent revocation of licences of failed banks and acquisition of toxic assets in 10 banks, the Asset Management Corporation of Nigeria (AMCON) has selected 50 estate surveying firms to undertake independent valuation of the Non-Performing Loans (NPLs) of the rescued banks....More
New guidelines to help prevent crime in urban areas released
BY Editor Property
Published: Guardian, 10th October, 2011
THE United Nations Office on Drugs and Crime (UNODC) and United Nations Human Settlements Programme (UN-Habitat) has issued a handbook to help prevent crime in cities and towns, under the Safer Cities Programmme....More
Lagos property owners to submit structural stability test for existing structures
By TUNDE ALAO
Published: Guardian, 10th October, 2011
FOLLOWING changes in the physical environment, the economy, rapid urbanisation and behavioural aspects of Lagosians to issues partaining Planning and Building Control Law, the state authorities have resolved that application submitted for planning permit on existing structures must be accompanied with a structural stability/integrity test carried out by an accreditted laboratory outfit....More
Cement: Dangote to construct rail lines from factories
By Agency Reporter
Published: Punch, 4th October, 2011
The Dangote Group has said it will soon construct rail tracks from all its cement factories to the national railway lines to reduce the cost of transportation of the product.....More
CMB allays fears over Ebute-Metta property title
BY Editor Property
Published: Guardian, 3rd October, 2011
ONE of Nigeria’s leading real estate firms, Messrs CMB Building Maintenance and Investment Company Limited, redeveloping property at 139/141 Abeokuta Street, Ebute-Metta, Lagos has debunked claims by the Diyaolu family that the company did not consult all the stakeholders before the agreement was signed....More
‘Nigeria’s construction sector driven by foreign technology’
By Agency Reporter
Published: Punch, 3rd October, 2011
The National Office for Technology Acquisition and Promotion has said despite over 90 Universities, 125 Polytechnics and over 300 Research Institutions in Nigeria, the country’s construction industry is largely propelled and driven by massive and continuous importation of foreign technology....More
Climate change: Governments, experts consider fresh strategies
By RONKE BADMUS
Published: Punch, 26th September, 2011
As the adverse effect of global warming continues to affect every region of the world, especially Africa, stakeholders at a forum in Lagos discussed the strategies to combat the menace in Nigeria. RONKE BADMUS writes.....More
Quantity surveyors seek roadmap for housing development
BY Editor Property
Published: Guardian, 26th September, 2011
AMID the recurring nation’s housing deficit and non-performance of National Housing Fund (NHF), the Nigerian Institute of Quantity Surveyors (NIQS) has called on the Federal Government to develop a robust roadmap for developing the housing sector of the economy....More
Lagos inaugurates home ownership website
By RONKE BADMUS
Published: Punch, 26th September, 2011
The Lagos State Governor, Mr. Babatunde Fashola, has inaugurated a website for the proposed Home Ownership Mortgage Scheme and Housing Arbitration Rules....More
Firms seal deal on property insurance scheme
By Emmanuel Badejo
Published: Guardian, 19th September, 2011
A
NEW synergy that is aimed at increasing maintenance culture within the nation’s construction industry as well as protecting homes from burglary and fire incidences has been formed, courtesy of Portland Paints and Products Nigeria Plc and Mutual Benefits Assurance Plc....More
Suzuka introduces new decorative stones, texture coating
BY Editor Property
Published: Guardian, 19th September, 2011
SUZUKA, an international company with operations in Asia, Middle East and Africa with Suzuka Nigeria in charge of Africa, has introduced decorative stones - Country Ledge stone, River stone, Brick, Cattle Shadow and Wooden stones into the Nigerian market....More
UK investors pledge support for Atlantic City project
By Tunde Alao
Published: Guardian, 19th September, 2011
WITH successful completion of the first phase of land reclamation exercise at the ambitious Eko Atlantic City project, the project promoters have continued to woe investors, the latest visitors are a team of British-based financial and professional service experts led by the Mayor of the City of London, Alderman Michael Bear.....More
FHA seeks N300b mass housing intervention fund
From Nkechi Onyedika, Abuja
Published: Guardian, 12th September, 2011
S
TIRRED by the shortage of accommodation for the low-income earners, the Federal Housing Authority (FHA) has appealed for the establishment of a special construction finance intervention fund of N300 billion specifically for mass housing delivery....More
Fair to highlight investment opportunities in real estate
BY Agency Reporter
Published: Punch, 12th September, 2011
The sixth Nigerian Real Estate Fair 2011 will be focusing on investment opportunities in the real estate and construction sectors in Nigeria....More
Why we introduced Lagos tenancy law, by govt official
By Tosin Fodeke
Published: Guardian, 12th September, 2011
AMID discordant tunes over the introduction of a new tenancy law, Lagos government has come to the defence of it decision, saying the enactment of the law would guide contractual obligations and relationship between the parties....More
Construction chiefs task govt’s economic team on cement prices
By EMMANUEL BADEJO
Published: Guardian, 22nd August, 2011
FEARS that President Goodluck Jonathan’s directive to crash cement prices may be short-lived are already staring the nation in the face, as the price of the product has skyrocketed, with a 50 kilogramme bag selling for as much as N3,000 in Lagos environs....More
FMBN urges lawmakers to pass housing legislation
BY Akinpelu Dada
Published: Punch, 22nd August, 2011
The Federal Mortgage Bank of Nigeria has appealed to the House of Representatives to enact necessary legislation to facilitate the creation of mortgages and increase the rate of housing delivery in the country.....More
Housing: Valuers urge FG to hold stakeholders’ retreat
By Akinpelu Dada
Published: Punch, 22nd August, 2011
With a national housing deficit in excess of 16 million units and Gross Domestic Contribution of the housing sector at an abysmally low four per cent per annum, the Nigerian Institution of Estate Surveyors and Valuers has urged the Federal Government to convene a stakeholders retreat to x-ray and appreciate the magnitude of the problem......More
UN-Habitat, UNILAG canvass new legislation to boost urban wealth creation
By TOSIN FODEKE
Published: Guardian, 15th August, 2011
IN the wake of continued urban bias by governments and the failure of conventional planning to take the emerging cities through to wealth creation for sustainable development, the United Nations Human Settlement Programme (UNHABITAT) has called on professional planners and policy makers to jettison the notion of cities as bad phenomenon and cash in to its potentials to drive national and regional economic growth.....More
Vendors woo investors as Tejuoso market nears completion
BY CHINEDUM UWAEGBULAM
Published: Guardian, 15th August, 2011
AS global economy struggles to recover from housing finance crisis, Nigerian investors are beginning to take a new interest in commercial property market, especially stakes in the famous Tejuosho market in the Mainland area of Lagos, which construction is gaining momentum.....More
Land allocation: Pentagon pacifies aggrieved subscribers
By Stanley Opara
Published: Punch, 15th August, 2011
Following agitations by subscribers to the Mainland Park Estate in Mowe, Ogun State, for the commencement of work on their respective plots of land, the developer, Pentagon Real Estate Investment Limited, has said final allocation will be done in October.....More
Real estate academy debuts as NIESV proposes curriculum review
By CHINEDUM UWAEGBULAM
Published: Guardian, 8th August, 2011
WITH the new drive for professionalism and global best practices, an initiative that will transform the community of estate surveyors and valuers; propel academics into research and contribution into the nation’s policy making organs is underway....More
Mainland Estate: Developer pledges delivery, subscribers kick
BY EMMANUEL BADEJO
Published: Guardian, 8th August, 2011
JOLTED by series of agitations and accusations greeting plans to deliver homes for many Nigerians within an expansive and upcoming estate in the suburb of Mowe-Ofada, along Lagos-Ibadan Expressway, Ogun State, Messrs Pentagon Real Estate Investment Limited, the developer has promised to live up to expectation and ensuring the delivery of the estate.....More
Environmentalists urge cooking gas usage as antidote against climate change
By TOSIN FODEKE
Published: Guardian, 8th August, 2011
HOLDING that the idea is already popular in the developed world, environmentalists are calling for the use of cooking gas, saying it is a verified means of reduce the climate change challenge in Nigeria....More
Developer emphasises affordability, begins Mutual Alpha Courts
By Stanley Opara
Published: Punch, 1st August, 2011
Mutual Benefits Homes and Properties Limited has said it is committed to providing houses for the medium and low income groups of the society....More
Agency canvasses effective management of drainage channels
BY Stanley Opara
Published: Punch, 1st August, 2011
An agency of the Lagos State Government concerned with the management of drainage channels, Drain Ducks Nigeria, has stressed the need for effective management of primary drainage channels to avert flooding in the state....More
Nigerite modernises UNILAG’s architecture studio
By Akinpelu Dada
Published: Punch, 1st August, 2011
Building materials manufacturer, Nigerite Limited, has remodelled the Master in Environmental Design, Department of Architecture, University of Lagos, to flag off its "The Youth, Our Future" initiative....More
Churchgate launches N156b Abuja World Trade Centre
By Chinedum Uwaegbulam
Published: Guardian, 25th July, 2011
THE real estate sector perched on the brink of history recently, when investors launched an ambitious property development scheme geared towards realising a long time dream of establishing a World Trade Centre (WTC) in the Federal Capital Territory, Abuja...More
Controversy heightens over sale of Lagos industrial property
BY Emmanuel Badejo
Published: Guardian, 25th July, 2011
THOUGH the transaction that led to the sale of a Lagos property located at Plot No. C9, Amuwo Odofin Industrial Estate, FESTAC Town seems to have been concluded, controversy trailing the deal is reaching new dimension as allegations of fraud, forgery, conspiracy, threat to life and impersonation are tainting the pact....More
Estate surveying body seeks collaboration among stakeholders
By Stanley Opara
Published: Punch, 25th July, 2011
The Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, has called for better collaboration among stakeholders in the built environment to solve the country’s housing problem....More
Town planners seek enforcement of planning laws
Published: Guardian, 18th July, 2011
MEMBERS of the Nigerian Institute of Town Planners (NITP) have recommended enforcement of relevant planning laws, to reduce the incidents of flooding in Lagos....More
New Lagos NIESV leadership pledges to tackle housing challenge
BY TOSIN FODEKE
Published: Guardian, 18th July, 2011
EIGHTH days after they took the baton to lead the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos branch, its leadership has started unfolding its agenda, which would majorly be to evolve closer ties with the state government towards delivering affordable housing in the state....More
Roads, housing: High expectations from new ministers
By EMEKA EZEKIEL
Published: Punch, 18th July, 2011
High expectations from new ministers Following their appointments, the new ministers of Work and Lands; and Housing and Urban Development, Ms. Ama Pepple and Mr. Mike Onolememen respectively, must work hard to convince sceptics that they can solve the seemingly intractable problems confronting the road and housing sectors, EMEKA EZEKIEL writes...More
Lafarge cuts emissions, plans energy efficient buildings
Published: Guardian, 11th July, 2011
WORLD Wildlife Fund (WWF) and Lafarge, the world’s largest cement maker, has agreed to continue working together to further reduce the company’s greenhouse gas emissions and to help build hundreds of energy-efficient buildings - targets that will help fight the effects of climate change....More
Lagos seals dilapidated structures as building agency takes off
BY TUNDE ALAO
Published: Guardian, 11th July, 2011
PIQUED by last week’s building collapse in Idumota, Lagos Island, where several people lost lives and property, Lagos authorities have unfolded new measures to stem the tide....More
FMBN releases N2bn for mass housing in Oyo State
By Stanley Opara
Published: Punch, 11th July, 2011
The Federal Mortgage Bank of Nigeria has released N2bn for mass housing in Oyo State....More
Dangote crashes cement price to N1,350 per bag
Published: Guardian, 4th July, 2011
DANGOTE Cement Plc has announced a significant reduction in the ex- factory price of its product to N1,350 per bag. The company’s Executive Director in charge of sales and marketing, Mr Ekanem Etim, briefing cement distributors on Friday, informed them of the reduction in its ex-factory price, in line with the company’s declared policy to make cement affordable to the Nigerian masses, as it expands its local capacity in the country....More
Engineers urge partnership, integrity in professional practice
BY Emmanuel Badejo
Published: Guardian, 4th July, 2011
A CALL for partnership and integrity within the fold of Nigerian engineers resonated recently in Lagos as the community were urged to pursue the paths of developing the sector by imbibing sustainable best practices, which have been proven in other business environment and climes....More
NIESV canvasses proper consultation on policy formulation
By Stanley Opara
Published: Punch, 4th July, 2011
The President, Nigerian Institution of Estate Surveyors and Valuers, Mr. Bode Adediji, has said most policies that affect the country’s real estate sector are being formulated without adequate consultation with professionals in the sector...More
Construction, mortgage sectors raise stake in property investment
By TOSIN FODEKE
Published: Guardian, 27th June, 2011
INDICATIONS emerged last week that construction industry and mortgage firms may have jerked up investment opportunities in the new financial year, following positive returns on investments release last week by notable firms in the stock market....More
NIESV, experts seek national policy on building maintenance
BY TUNDE ALAO
Published: Guardian, 27th June, 2011
IRKED by the high-scale of infrastructural decay in the country, professionals in the building industry are calling for a broad course of action or statements of guidance by the government at the national level in pursuit of virile facility management policy....More
Threat to environment, biggest challenge to economy - Fashola
By Stanley Opara
Published: Punch, 27th June, 2011
With the country’s environment being threatened by increased human activities, Nigeria’s economy faces its biggest challenge, the Governor of Lagos State, Mr. Babatunde Fashola, has said....More
Residents task govts on Riverview Estate flooding, infrastructure
By TUNDE ALAO
Published: Guardian, 20th June, 2011
EXPECTATIONS are rife within property owners at Riverview Estate residents that flooding, which ravaged their property at Isheri, Ogun/Lagos corridor may once again threaten their lives and property, following warning from Meteorologists of an unprecedented downpour this year....More
Global property markets shaky to recovery
BY EDITOR
Published: Guardian, 20th June, 2011
COMMERCIAL property is in the midst of a multi-speed global rebound in 2011, as the sector emerges from the shadow of recession and is buffeted by a range of economic, refinancing and demand pressures across markets......More
Investors get value for money in CEE property markets
By Agency reporter
Published: Punch, 20th June, 2011
Real estate investment turnover in Central and Eastern Europe reached £4.4bn in the first five months of 2011, an increase of 180 per cent, according to a new research by CB Richard Ellis....More
NIS lauds govt land reform scheme as Nigeria wins bid for surveyors’ confab
By NKECHI ONYEDIKA, ABUJA
Published: Guardian, 13th June, 2011
AHEAD of mobilisatising its members in public and private sectors to provide the needed technical manpower for the exercise, the Nigerian Institution of Surveyors (NIS) has backed the Federal Government’s land reform Programme....More
Professionals advocate infrastructure for proposed Lagos new industrial estates
BY TUNDE ALAO
Published: Guardian, 13th June, 2011
PROFESSIONALS in the built environment have advised the Lagos authorities to provide infrastructures in the proposed new industrial estates within the metropolis. The proposed industrial estates to be located in Ibeju-Lekki, Ijanikin, Ikorodu and Epe areas will cost about N500 million.....More
Planners seek alternative funding sources for urban infrastructure
By Akinpelu Dada
Published: Punch, 13th June, 2011
The three tiers of government have been advised not to rely solely on budgetary allocations for the provision of physical infrastructure in the urban centres, but to explore other sources of funding like borrowing from financial institutions and bonds from the capital market....More
We will eliminate substandard building materials, says SON
By TOSIN FODEKE
Published: Guardian, 6th June, 2011
FOLLOWING the expiration of the ultimatum on importation of substandard goods into the county, Director General (DG), of the Standards Organisation of Nigeria (SON), Joseph Odumodu, has revealed that his agency would clampdown hardest on importers and sellers of building materials that pose grave danger to life and property....More
Estate surveyors flag-off reform blueprint, constitution review
BY CHINEDUM UWAEGBULAM
Published: Guardian, 6th June, 2011
EVENTUALLY waking up to the realities arising from the global recession that a countries economy can boom if its housing sector remains strong, the nation’s engineering community has advocated for the ban of imported building materials and funding for the Nigerian Building and Roads Research Institute (NBRRI)....More
Low-income housing: FG advised on Mexican model
By Sunday Ojeme
Published: Punch, 6th June, 2011
The Chief Executive Officer, Century 21 Real Estate Group, Mr. Felix Modebe, has said meeting the housing needs of the low-income earners will only be possible if the government provides the land with basic social infrastructure, while the developers handle the construction of the houses....More
Legislators, groups urge presidential assent to Climate Commission Bill
By CHINEDUM UWAEGBULAM
Published: Guardian, 30th May, 2011
FOLLOWING global report that climate change may be one of the biggest threats to attempts to cutting poverty in most deprived nations such as Nigeria, members of the National Assembly and coalition of civil society groups have urged President Goodluck Jonathan to sign the Climate Change Commission Bill into law, to enable the country formulate policy and measures to respond to the impending disasters....More
Estate surveyors flag-off reform blueprint, constitution review
BY CHINEDUM UWAEGBULAM
Published: Guardian, 30th May, 2011
BRIGHTER days may lie around the corner for estate surveyors and valuers in the nation’s built environment sector, as a 10-member committee has begun moves to review its constitution, which is expected to transform and reposition the institution to meet up with global best practices....More
NIESV commences constitution review to reposition practice
By Akinpelu Dada
Published: Punch, 30th May, 2011
In a move aimed at positioning the profession of estate surveying and valuation to meet contemporary challenges, the Nigerian Institution of Estate Surveyors and Valuers is set to review its constitution....More
Lagos approves new residential schemes
By Akinpelu Dada
Published: Punch, 23rd May, 2011
The prayers of thousands of Lagos residents, who are desirous of acquiring plots of land in government-owned residential and commercial schemes, may soon be answered as the state authorities will soon announce the availability of new schemes....More
RICS tasks property owners over maintenance
BY Stanley Opara
Published: Punch, 23rd May, 2011
The Royal Institution of Chartered Surveyors (Nigeria Group) has urged property owners and users to imbibe good maintenance culture in order to protect and preserve physical infrastructure in the country....More
Nigerite unveils new roadmap
By Agency reporter
Published: Punch, 23rd May, 2011
Nigerite Limited has unveiled a new roadmap that encapsulates its vision and mission statements for growth and profitability in the building materials market....More
Developer picks RBA Architects for Abuja’s $2.6b town centre
By TOSIN FODEKE
Published: Punch, 16th May, 2011
FOLLOWING the recent signing of Memorandum of Understanding (MOU) between the Federal Capital Territory (FCT), and a private developer, the American- based conglomerate has announced selection of an architectural firm, Messrs RBA Architects, as architects for the proposed Abuja Town Centre....More
Architects renew commitment towards affordable housing
BY EMMANUEL BADEJO
Published: Guardian, 16th May, 2011
UNTIL housing becomes affordable to the common man, members of Nigerian Institute of Architects (NIA), Lagos Chapter, have resolved not to relent in exploring all available means that would ensure boosting housing stocks in the country....More
N1.3bn Ogun’s tallest edifice, OPIC Plaza, inaugurated
By Akinpelu Dada
Published: Punch, 16th May, 2011
Rising majestically in the Abeokuta skyline is a new piece of iconic real estate that is expected to set standards for future developments in the gateway state....More
ESVARBON, NIESV plan to increase number of valuers
By Akinpelu Dada
Published: Punch, 9th May, 2011
The bodies regulating the profession of estate surveying and valuation in the country have commenced moves to bolster the number of practitioners from the present 2,679, which they considered to be grossly inadequate to service a population of over 140 million people....More
Mortgage firm, developer reach accord over Royal Garden Estate
BY EMMANUEL BADEJO
Published: Guardian, 9th May, 2011
AFTER years of legal fireworks, a peace accord may have been struck between the feuding parties over a litigation that trailed the construction of a housing provision known as Royal Garden Estate, located on the brawling Ajah, on the Lekki-Epe corridor, Lagos State....More
Appeal Court voids Shell’s title to Bonny Island Terminal
BY KELVIN EBIRI
Published: Guardian, 9th May, 2011
UNTIL otherwise stated by a superior court, the Dutch leading oil firm in Nigeria, Shell Petroleum Development Company (SPDC) has forfeited its Certificate of Occupancy (C ‘of’ O) ceding Bonny Terminal land in Port-Harcourt, Rivers State to it, courtesy of a Court of Appeal Port-Harcourt Judicial Division....More
Firm urges Lagos to facilitate development of estate
BY Stanley Opara
Published: Punch, 2nd May, 2011
The developer of the Tripple Tree Creek View Estate, a private development situated in Dongo Village, Ibeju-Lekki Local Government area of Lagos State, has called on the state government to provide the enabling environment for the development of the project....More
LIFES seeks ecosystem protection against climate change
BY TUNDE ALAO
Published: Guardian, 2nd May, 2011
A LAGOS-BASED non-governmental organisation has moved to strengthen indigenous coping techniques and options towards protecting natural resources against the ravaging effects of climate change....More
Tender calls for LAMATA new head office complex
BY TUNDE ALAO
Published: Guardian, 2nd May, 2011
PLANS to kick-start the proposed ultra-modern new head office complex for the Lagos Metropolitan Area Transport Authority (LAMATA) may have gathered momentum, as tenders call seeking to engage professionals has been put up for stakeholders within the building industry....More
Negris Group unveils Victoria Tower head office complex
BY TOSIN FODEKE
Published: Guardian, 25th April, 2011
A LAGOS-BASED firm has launched an ambitious plan to deliver a 10-storey head office complex, located within the Central Business District (CBD), Ikeja, Lagos, which will assist the energy, oil and gas company to expand its operational reach....More
Presidency queries sale of Lagos N4b NECOM House
BY CHINEDUM UWAEGBULAM
Published: Guardian, 25th April, 2011
APPARENTLY shaken by the controversy trailing the sale of the Nigerian External Communications (NECOM) House, a prime property on the Marina, Lagos, the Presidency has revealed facts that show the purported deal may have been illegally sealed with the father of the Speaker, House of Representatives, Chief Suarau Olayiwola Alani Bankole’s company - West African Aluminium Products Plc (WAAP)....More
Architects task govt’s agencies on disaster management
BY TUNDE ALAO
Published: Guardian, 25th April, 2011
THE Nigerian Institute of Architects (NIA) has called on government’s agencies to be more proactive in responding to disaster control and management throughout the federation.....More
Modular housing system gaining popularity despite huge costs
BY STANLEY OPARA
Published: Punch, 18th April, 2011
In keeping pace with developments in other parts of the world, the Nigerian building construction industry is gradually embracing modular system of building. STANLEY OPARA writes on its merits and the challenges that must be resolved....More
Jonathan pledges to meet Nigeria’s housing needs
BY Ihuoma Chiedozie, Abuja
Published: Punch, 18th April, 2011
President Goodluck Jonathan has said that the Federal Government is committed to providing adequate housing for Nigerians as part of its plan to ensure that the housing sector contributes not less than 20 per cent of the nation’s Gross Domestic Product....More
New battle ground opens over Lagos Lekki Toll Gate project
BY JOSEPH ONYEKWERE
Published: Guardian, 18th April, 2011
THE legal debacle over construction of Lagos Lekki tollgate project, which appeared whittled some weeks ago, has resurfaced at the Federal High Court, Lagos, as an aggrieved party has approached the latter to wade into the controversy rocking the planned venture....More
Controversy trails UPDC’s Lekki Metro Garden Estate deal
BY EMMANUEL BADEJO
Published: Guardian, 11th April, 2011
BARELY three weeks after one of the nation’s foremost real estate development companies, UACN Property Development Company Plc (UPDC) placed on offer its choice homes currently being developed within Lekki-Ajah corridor in Lagos, a move to stop the process has been initiated by one Segun Olorunyomi, a property marketer and vendor.....More
UNFCC ranks Nigeria ninth in renewable projects
BY Stanley Opara
Published: Punch, 11th April, 2011
Nigeria ha s been ranked ninth globally in anticipated Certified Emissions Reduction projects to be achieved.....More
Agency queries use of foreign consultants in construction jobs
BY FLORENCE LAWRENCE, ABUJA
Published: Guardian, 11th April, 2011
THE National Office for Technology Acquisition and Promotion has criticised the nomenclature that encourages both the public and private institutions given construction jobs to foreign consultants over the local professionals within the building sector....More
FMBN sets up committee on housing finance
FROM NKECHI ONYEDIKA, ABUJA
Published: Guardian, 21st March, 2011
THE Federal Mortgage Bank of Nigeria (FMBN) has constituted a tripartite committee that would review operations of various stakeholders to ensure harmonious relationship, reviewing operations framework for housing finance....More
FG signs N3.3bn contract for construction of Qua Falls Dam
BY Emeka Ezekiel, Abuja
Published: Punch, 21st March, 2011
The Federal Government has signed a N3.3bn contract with Infiouest International Limited for the construction of the Qua Falls dam and irrigation project in Cross River State....More
Developer shops for investors in Lagos N4.7b Sogenal Towers
BY CHINEDUM UWAEGBULAM
Published: Guardian, 21st March, 2011
AMID recent failings in the delivery of economical benefits and developments in the housing sector, an indigenous oil and gas firm has thrown up the construction of its multi-storey headquarter building to investors; seeking financial backing of corporate organisations and financial institutions to make the project a reality....More
Affordable housing: Developer slashes bungalow prices
By Samson Echenim
Published: Punch, 14th March, 2011
A Lagos-based real estate development company, Soe Properties Limited, has done a major price review at its Heavens Gate Estate in Lekki Peninsula, Lagos.....More
Commercial property rents soar as warehouses rebound
BY BY CHINEDUM UWAEGBULAM, TUNDE ALAO, EMMANUEL BADEJO AND TOSIN FODEKE
Published: Guardian, 14th March, 2011
WITH current economic reforms and raging debate between senior government officials and organised private sector on new import tariffs, one area that is benefiting from the new policy is the commercial property market where demand for warehouses have taken a leap and owners are now reaping good fortunes....More
Climate change: Lagos acquires tree transplanting equipment
By Akinpelu Dada
Published: Punch, 14th March, 2011
ARE you disturbed by the big trees in your premises, which have constituted a nuisance and are you thinking of cutting them down to create space?....More
Forever Garden Estate subscribers allege fraud, invite EFCC
By Samson Echenim
Published: Punch, 7th March, 2011
Subscribers to the Forever Garden Estate in Magboro, along the Lagos-Ibadan Expressway, Ogun State, have alleged that they are being swindled by Sowel Investment Limited, the marketer of the estate....More
The NIESV at a glance
Published: Guardian, 7th March, 2011
THE Nigerian Institution of Estate Surveyors and Valuers was founded in 1969 by the few qualified general practice chartered surveyors who were trained mainly in the United Kingdom. The institution was granted government recognition by the enactment of the Estate Survey....More
UK property rents increase rapidly
By Agency Reporter
Published: Punch, 7th March, 2011
Residential property rents in the United Kingdom increased at a rapid pace in the three months to the end of January, as falling supply of rental properties and strong tenant demand continued to drive prices upwards, according to a report published on Thursday....More
Nice Dreams Properties to build solar-powered houses
By TUNDE ALAO
Published: Guardian, 28th February, 2011
EFFORTS at uplifting the lives of the slum dwellers may have taken a leap, following the launch of various upgrading schemes in nine blighted communities in Lagos....More
VGS Homeland’s Placidia Court ready
BY Agency Reporter
Published: Punch, 28th February, 2011
Mortgage brokers and consultants, VGS Homeland Nigeria Limited, developer of Placidia Court in Victoria Island Annex, has said the company has commenced the sale of the houses, which are 90 per cent completed....More
Appeal court backs Redeemed Church, others in Ogun land feud
By EMMANUEL BADEJO
Published: Guardian, 28th February, 2011
A COURT of Appeal, Ibadan Judicial Division has thrown its weight behind two religious bodies and another litigant in a battle for ownership claim of an Ogun landed property....More
Nice Dreams Properties to build solar-powered houses
By Samson Echenim
Published: Punch, 14th February, 2011
Real estate developer, Nice Dreams Properties Limited, on Thursday said it had concluded plans to develop solar-powered low-end homes in its 92-unit Havilah Gardens and 120-unit Fresh Dew Estate in Mowe and Agbara, Ogun State respectively....More
Delegates seek policy on climate investments, new legislation
BY CHINEDUM UWAEGBULAM
Published: Guardian, 14th February, 2011
PRIVATE investment in climate change actions will only flow at the scale and pace necessary if it is supported by a clear and credible long-term policy framework which will shift the risk-reward balance in favour of less carbon-intensive investment...More
Intercontinental Homes to commission Agege’s County Estate
By EDITOR PROPERTY
Published: Guardian, 14th February, 2011
MESSRS Intercontinental Homes Savings and Loans Plc will on Thursday officially open the County Estate. The Lagos State Governor, Governor Babatunde Raji Fashola is expected to commission the estate located at Pen Cinema, Agege....More
Cement price has not been increased - Distributors
By Samson Echenim
Published: Punch, 24th January, 2011
Key distributors of cement have said that cement prices have not been increased by manufacturers....More
Surveyors immortalise late Kukoyi with compendium
By Akinpelu Dada
Published: Punch, 24th January, 2011
To immortalise a late President of the Nigerian Institution of Surveyors, Mr. Adekunle Kukoyi, the Lagos State Branch of the body will next month publish the first of a two-part compendium of lectures on topical issues meant to advance the profession and contribute to the development of the nation...More
New Eko Island project broaches fresh housing deal
By CHINEDUM UWAEGBULAM
Published: Guardian, 24th January, 2011
A FRESH attempt is being made to launch an ambitious development effort within the Lagos lagoon, under moves by the federal authorities to tap into the high income housing facilities in Banana Island, Ikoyi to meet with the growing demands of the accommodation in the metropolis....More
Experts task FG over cheap mortgage for developers
By Emeka Ezekiel
Published: Punch, 17th January, 2011
Experts in the built industry have called on the Federal Government to provide a conducive environment to enable estate developers across the country to have access to cheap mortgage....More
Stakeholders canvass creation of Lagos water regulatory agency, ministry
By TUNDE ALAO
Published: Guardian, 17th January, 2011
A FRESH move to overhaul the Lagos State water policy and drive efficient water supply and controlled sanitary condition in the metropolis is in the offing....More
Groups urge President Jonathan to assent climate change bill
By CHINEDUM UWAEGBULAM
Published: Guardian, 17th January, 2011
AFTER crossing the firt hurdle to harmonise the climate change bill, campaigners and promoters in the environment sector may be facing another Herculean task. This time, getting President Goodluck Jonathan to assent to the bill, which will set pace for the establishment of a Climate Change Commission to drive the nation’s policies and quest for a green economy....More
Sparklight to inaugurate N1bn estate, shopping mall in Abuja
By Akinpelu Dada
Published: Punch, 10th January, 2011
Although the global economic meltdown and the attendant cash crunch have dealt a major blow to all sectors of the Nigerian economy, a leading indigenous real estate developer has put its imprint in the sand of time with two eye-catching projects......More
Environmental foundation plans scholarships for doctoral students
By Samson Echenim
Published: Punch, 10th January, 2011
Leading environmental and biodiversity organisation, the Nigerian Conservation Foundation, has said it has concluded arrangements to award scholarship grants to another set of doctoral students in Nigerian universities. ....More
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