Monday 17th June 2019
Monday, 17th of June 2019
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Real Estate

Bridging the Lagos megacity

The landmark Lekki-Ikoyi Link Bridge in Lagos is the latest of the numerous showpiece overpasses in the bustling city. It has been described as the nation’s first cable-stay bridge. Its striking 90m high pylon characterises the appearance of the 1,357m long bridge, which connects two districts of Lekki on the Lekki Peninsula and Ikoyi on the Lagos Island. The N29 billion ...

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Business in the fast lane

Fast food outlets or eateries have become a major feature of urban centres in the country. The development has considerably impacted the real estate sector and, of course, the environment. In Lagos, the phenomenon has in the past decade been pronounced, signalling an increase in demand for apartment space and landed property, thereby pushing up rental and sale value. The ...

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N2bn 11-floor apartment to replace Isale Gangan slum

The Lagos State Urban Renewal Agency (LASURA) has commenced the regeneration of the Isale Gangan area of the state, even as plans are underway to ensure that the nine major blighted areas of the state get a face-lift in the not too distant future. The redevelopment project involves 13 families coming together to relinquish their interest/landed property into a common ...

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Jonathan dedicates Eko Atlantic City, Clinton applauds

Eko Atlantic, the visionary new city for Lagos, drew high-level presidential praise from both President Goodluck Jonathan and the former President of the United States of America, Bill Clinton, during a recent dedication ceremony to mark a milestone event. Describing the development of Eko Atlantic City as an outstanding initiative, President Jonathan said, “This landmark event is continuing the good ...

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Developers plan N600m ‘Opebi Mews’ estate

Construction work will begin in two weeks’ time on “Opebi Mews,” a residential estate that is sprouting on an 8,500-square metre expanse of land along Salvation Street by Opebi in Ikeja, Lagos. Estimated to gulp about N600 million upon completion by mid-2014, Opebi Mews will feature 24 units of four-bedroom semi-detached duplexes on three floors. Eighteen of the units are ...

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Minanuel Investment demands FCDA apology, compensation over Abuja demolition

Minanuel Investment Limited, developer of the Minanuel Estate, Goza, Lugbe 1 Extension in Abuja that was recently demolished, has demanded for an apology as well as compensation from the authorities. The firm, through its lawyer, Femi Falana (SAN), submitted that the demolition of the 372 housing units by the Federal Capital Development Authority (FCDA) through self-help cannot be justified under ...

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Nigeria, others for Lafarge’s affordable housing programme launch

Nigeria and four other countries have been pencilled for the initial launch of a scheme aimed at enabling some 2 million people worldwide to have access to affordable and sustainable housing between now and 2020. Courtesy of cement maker, Lafarge, the microfinance programme for affordable housing is targeted at people in emerging markets with low purchasing power to help them ...

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Shopping mall, civic centre, others to transform Ado-Ekiti

The good times are coming to Ado-Ekiti, the Ekiti State capital city, where a heptarchy of initiatives is set to change the face of the emerging urban centre. Christened “Legacy Projects,” the schemes are designed to advance development and leave a lasting legacy in the state. The projects are: Government House (to be completed in 18 months), Governor’s Office (to ...

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Eko Atlantic City: Villain or saint?

Some fundamental legal issues regarding the construction of the Eko Atlantic City as well as the veil of secrecy surrounding the Environmental Impact Assessment (EIA) report have come to the fore, just as key players continue to advance contradictory positions regarding the project. The real story is unfolding on the heels of glaring inconsistencies in the positions being taken by ...

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Projects completion, initiation mark Gov Fayemi’s two years in office

A spate of development initiatives were brought to the fore last week as Governor Kayode Fayemi of Ekiti State marked his second year in office. While numerous projects scattered far and wide within the state were formally completed, several others were likewise officially initiated. In what seemed like a busy week that commenced on Tuesday – and even continues today ...

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