Global Realty Portal

PERFECTION Motors Company Limited in collaboration with a Chinese automaker, FAW, is targeting to produce 1000 vehicles in Nigeria yearly from its Semi Knock Down (SKD) auto assembly plant in Lagos. Unveiling the new showroom, workshop and SKD auto plant in Lagos, the General Manager of Perfection Motors Company Limited, Adrian Fourie said: “In view of the fact that we will outgrow this assembly line in the next three years, we will be breaking ground on the future Complete Knock Down (CKD) assembly plant in Ogiju, with construction starting later this year”. According to him, Perfection Motors Company Limited is a member of the Lee group in Nigeria is positioning to provide “first class sales, after-sales and spare parts”. “FAW being one of China’s biggest and most prestigious heavy duty vehicles manufacturers is regarded as the number one selling heavy duty vehicle in China. Partnering with FAW has given us as a group the confidence to invest. As you know, we are bringing a qu

The Japanese electronics multinational Kyocera has begun work on what it says will be the world’s biggest floating solar farm. The power plant is being built on a reservoir in Japan’s Chiba prefecture and is anticipated to supply enough electricity for nearly 5,000 households when it is completed in early 2018. Space-starved Japan has already seen several floating solar farms built as part of the country’s drive to exploit more renewable energy in the wake of the 2011 Fukushima disaster. The shutdown of nuclear plants has seen Japan increasingly reliant on fossil fuel imports that have hit its emissions-cutting ambitions. The Yamakura dam power plant will see more than 50,000 solar photovoltaic panels cover a 180,000 m sq area, but compared to other land-based plants it is relatively small. At 13.7MW when finished, it would not make the top 100 of the world’s largest solar photovoltaic farms. In the UK, water company United Utilities started work on a floating solar

The contemporary startup garage is often the founder’s living room, a friend’s spare desk or a coffee shop with reliable WiFi. As cozy and cash-efficient as these setups can be, in time -- and with revenue or a successful fundraising -- your growing team needs a legit space. For a growing team, securing an office has traditionally required signing a multi-year lease -- often with extra room secured up front to accommodate future growth. In other words, it's a long-term cash commitment for more than what you need now. I’ve been there. During my first stint as a CEO nearly 16 years ago, I recall how uncomfortable it felt to have to guess whether we’d need space for 50 or 500 people three years down the road. Entrepreneurs today are fortunate to have more options and flexibility than ever before in securing professional office space. The commercial real-estate industry is undergoing a dramatic transformation, offering new solutions that better fit the needs of fast-growing comp

By Brandon Turner. Sometimes a team can accomplish far more than a group of lone individuals. For example, cyclists in the Tour de France take turns riding at the front of their group, decreasing the wind for those behind them. Wolves hunt in packs to take down animals 20 times their size. And for those of us who were children of the '90s, we all remember Ducks Fly Together. This brings up another team that can accomplish amazing things -- not a team of people, but a team of benefits which, when combined, can help you achieve your greatest financial goals. Specifically, I want to talk about real estate. I’m a real estate investor, and I firmly believe that real estate is the best traditional investment on Planet Earth today. However, just because you buy a piece of real estate doesn't mean you're going to make money. As I explain in The Book on Rental Property Investing, big wealth is built through real estate investing by capitalizing on something I c

WITH world’s ultra high net worth population growing, and real estate playing unique role of an investment opportunity, a new report forecasts that the ongoing shift in the wealth creation cycle from the West, and the growing significance of inter-generational wealth transfers will have significant consequences on the luxury residential real estate market, especially on new developments and a change in investment grade cities such as Lagos. The Wealth-X and Sotheby’s International Realty Global Luxury Residential Real Estate Report reveals that the future of luxury residential real estate looks highly promising and positive, with its tendency to gain in value faster than traditional real estate and its greater appeal to ultra high net worth (UHNW) individuals with inherited wealth as well as its reputation as a safe asset. Essentially, luxury residential real estate is set to see more and more growth in demand, for example, with the anticipated fast growth in UHNW wealth and o

THE Federal authorities have gone back to the drawing board to fashion out new ways to ensure sustainable public private partnership in infrastructure provision, especially in road concessions. Under the new development, the Ministry of Power, Works and Housing has commenced an internal review of some laws and the Federal Highways Act, with a view to making recommendations to the Ministry of Justice to consider and effect some changes. Minister of Power, Works and Housing, Babatunde Raji Fashola, who made the disclosure at the Nigerian Pension Industry Strategy Implementation Roadmap Retreat, last week, said the legal regime for regulation of privatization of public assets needs some reform. He said: “As far as privatization and concession of public assets is concerned, it will require the immense skills of very experienced legal practitioners to carefully navigate through the provision of at least five general laws in order to be able to give sound advice to any investo

“Now where?” That’s a question many founders ask themselves after they prove their concepts and discover they need more space than their garages, basements or living rooms have to offer. Choosing the location of your growing startup’s headquarters isn’t an easy task -- and in today’s real estate market, deciding whether to buy or rent can be equally difficult. In 2015, 2.45 million jobs were created; as a result, growing businesses across the nation are searching for new digs. This has resulted in a competitive market.  According to a recent National Association of Realtors report, the demand for commercial office space continues to trend upward while supply struggles to keep pace. Evaluating the pros and cons of renting and buying before making such a major financial decision is vital. Here are a few things to keep in mind: Down payments vs. deposits. Buying is a long-term commitment. It requires a hefty down payment that can range from 20 to 25 percent and is