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The President of Nigeria recently signed the 2024 Appropriation bill into law, approving budgetary allocations for various ministries including the FMHUD and FHA - both responsible for the provision of housing within the country.
Learn more:
https://t.co/J40FagyzxC
At a time when financing projects was becoming a challenge, REITs were introduced as an alternative financing source to address the funding gap and create an inclusive market, making it possible for anyone to be one of the investors in a real estate investment or development.
Despite the benefits attached to incorporating REITs into the real estate market, countries are yet to fully reap its rewards as a result of economic uncertainty, high minimum capital requirements for a trustee, high minimum investment amount, and inadequate investor knowledge.
The Pantheon is a commercial development by UACL Properties Limited in Ikoyi, Lagos.
It will stand up to 7 floors, and amenities and facilities will include a gym, cafe, meeting rooms, and restaurant.
Learn more:
https://t.co/BO3i6CSSRQ
Are you looking to embark on a development project but need guidance on how the market is performing?
This is where Estate Intel's reports can help you. Here are the different types of reports we offer.
Reach out to us via mail at [email protected] to get started!
Contribute to our research! This questionnaire collects rents paid by individuals or businesses in real estate transactions.
Your input will be added to our database to provide reliable real estate information.
If you pay rent in Africa, click below:
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South African Retailer, Panda Mart, has opened its first retail store in Kenya with an investment amount worth $7 million (Sh1.14 bn).
They took up 8,956 sqm of space at Nairobi’s Garden City Mall, joining as one of the mall’s anchor tenants.
Learn more:
https://t.co/XvdETJBhiy
Our client is looking for a buyer or developer to build on a 4,000 sqm parcel of land in Katampe Extension, Abuja.
Reach out to us via email at [email protected] for more information.
Arlington Court is a residential development under construction at East Legon, Accra, Ghana.
The developer is Whitewall Properties, who are also the main contractors. The location hosts developments like Phoenix Villas, and The Edge Apartment.
See more:
https://t.co/Us1scW0PO2
Kenya’s formal retail market has grown overtime since 1983 by approximately 28.3% p.a on average to meet the rising demand for quality shopping centers.
Learn more about the sector’s evolution:
#kenyaretail#saritcenter, #actis#bbsmall, #tworivers
https://t.co/3rvwfgSqoy
Massey's Children Hospital is a healthcare development by the Lagos State Ministry of Works and Infrastructure.
The Main Contractor of this project is Cappa and D'Alberto, who are also contractors for Civic Tower and the Lekki Palms Mall.
See more:
https://t.co/ljD2uwa3T2
The chairman of the Administrative Capital for Urban Development (ACUD), Khaled Abbas, recently announced the company’s intention to float 5-10% of shares in the company for sale on the stock exchange to finance the new city development.
Learn more:
https://t.co/5lA6Rkv7CS
New city developments in Africa hold great promise for promoting economic growth, improving living standards, and addressing the continent’s urbanisation challenges.
Click the link below to read more about Africa’s New cities in our report:
https://t.co/n4rvDlKzWH