Wednesday 26th June 2019
Wednesday, 26th of June 2019
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Real Estate

First residential building, Eko Pearl Towers, emerges at Eko Atlantic City

Eko Pearl Towers

Several months after it opened an eight-lane road last July, Eko Atlantic City has unveiled its first completed residential building, tagged: the Eko Pearl Towers. Eko Pearl Towers is a set of high-rise buildings, privately owned and developed by the Eko Pearl Construction Company. The development, which is situated about 500 meters away from the financial centre of Lagos on ...

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Shelter Afrique opens west, central Africa office in Abidjan

james mugerwa

Pan-African housing financer, Shelter Afrique, has unveiled its plans for Ivory Coast and francophone West Africa. Shelter Afrique officially signed a host country agreement with the Ivorian government in Abidjan on Thursday November 10, 2016. The agreement will see Shelter Afrique begin operations for francophone west and central Africa from their Abidjan base. Speaking at the signing ceremony which was ...

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New housing fund will stimulate economy, says minister


Finance Minister, Mrs. Kemi Adeosun, has disclosed that the N500 billion housing funding approved by the National Executive Council last week will stimulate economic activities and return the economy to the path of growth. Adeosun told journalists in her office in Abuja recently that a mass housing scheme that would make Nigerians become homeowners under a mortgage arrangement would commence ...

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Eko Atlantic City to address nation’s housing deficit

Ronald Chagoury Jr

Real estate investor and developers of the Eko Atlantic City Project on Victoria Island in Lagos, South Energyx Nigeria Limited (SENL), has restated its commitment to reduce the country’s huge housing deficit over the next few years through the development of a wide range of affordable and luxurious residential buildings. Making the pledge recently in Lagos was Mr. Ronald Chagoury ...

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British businesses urged to invest in Eko Atlantic City

Pierre Edde

Eko Atlantic City, a sprawling mixed-use estate being built on the shores of the Atlantic Ocean in Lagos, has been described as an opportunity for British businesses to make a difference in Nigeria. The British High Commissioner to Nigeria, Paul Arkwright, who made the submission during a recent tour of the project site by a trade delegation of the British ...

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Universal capital fuelling African property markets


Despite Africa’s slowdown, property developers and private equity funds continue to pour investment into the continent, but with more focused strategies, industry practitioners have said. “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and we expect this trend to continue,” said Kfir Rusin, General Manager of the upcoming Africa Property ...

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Eko Atlantic City completes eight-lane Eko Boulevard


An eight-lane arterial road stretching over 1,500 metres long has been completed in Eko Atlantic City, an innovative real estate development initiative that is emerging on Victoria Island by the Lagos coastline. Project promoters describe the highway as the first of its kind not only in the bustling city, but likewise in the country. The controversial Eko Atlantic City is ...

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Nigeria’s housing crisis: Fact and fallacy


The arresting headline in the June 3, 2016 edition of EnviroNews titled “Housing crisis looms with 17 million deficit,” must have scared the hell out of readers, nay other compatriots at this time when Nigeria is fighting so many wars both declared or undeclared. From Boko Haram to the Niger Delta Avengers coupled with the problems of corruption, kidnapping, economic ...

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Housing crisis looms with 17 million deficit


President Muhammadu Buhari has raised an alarm over the housing crisis that is staring Nigeria in the face with housing deficit of 17 million. He made it clear that the country requires one million houses annually to be able to weather the storm of the housing challenge. The President who spoke through the minister of the Federal Capital Territory (FCT), ...

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Ogun unveils 160-unit housing estate for workers


The Ogun State Government has commissioned a total of 160 units of two- and three-bedroom detached and semi-detached bungalows and storey-building apartments, presumably as part of efforts aimed at providing affordable housing for its workforce. Wife of the President, Hajia Aisha Muhammadu Buhari, while commissioning the Phase 1 of the estate, named after the first Head of Service in the ...

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