Global Realty Portal

Already, the construction of 55 residential houses has begun on the land  as well as a primary school, a clinic, a central Mosque and three boreholes for the communities which are expected to be completed within the next three months. Ahead of  its expansion programme ,  Ashaka Cem Plc, producers of Ashaka brand of cement has acquired about 40 hectres of land for the relocation of three villages within its factory in Funakaye Local Council  of Gombe State.   Already, the construction of 55 residential houses has begun on the land  as well as a primary school, a clinic, a central Mosque and three boreholes for the communities which are expected to be completed within the next three months. Speaking at the foundation laying ceremony of the project, Managing Director and Chief Executive Officer of the  company, Mr. Leonard Polka promised to ensure that high quality materials are used in the construction of the houses. ...

In a bid to boost the government’s urban renewal programme, the Ogun State Property and Investment Corporation says it has commenced the redevelopment of the OPIC Agbara Estate through the construction of new houses. The redevelopment, according to the Special Adviser to the Governor/Managing Director, OPIC, Mr. Babajide Odusolu, will entail the creation of new gated residential zones and the provision of modern infrastructure in the entire estate. He said the estate was due for redevelopment as one of the foremost industrial layouts in the country, covering a landmass in excess of 6,000 hectares and serving as a commercial and industrial node linking Ogun and Lagos states. Outlining the corporation’s plans, Odusolu said on completion of the first phase of the redevelopment of the Agbara estate, OPIC intended to deliver a minimum of two new residential clusters consisting 60 units of two-bedroom terrace bungalows and 20 units of three-bedroom semi-de...

Ogun State Governor, Senator Ibikunle Amosun In the face of decaying infrastructure and incessant battle with flooding, the residents of Riverview Estate, Isheri, Ogun State, have appealed to the state government to come to their aid. In a letter dated January 10, 2014, and signed by Mr. Abayomi Akinde and Mr. Andrew Igocheson, the chairman and assistant secretary respectively, the residents said they found it necessary to call the attention of the governor to their situation. “Since we began living in the estate five years ago, it has been a harrowing experience for both the residents and workers in companies located within the estate,” they said. According to the residents, the most challenging problem they are facing is the deplorable condition of the roads and drainages. They said the governor’s attention had earlier been drawn to the situation through letters, while representations to key officials of the state government had yielded no res...

DOMINION GARDEN CITY, IBEJU-LEKKI is a 37,000 sqm mixed use real estate development in the neighbourhood of Awoyaya, in Ajah Lagos.  DOMINION GARDEN CITY, IBEJU-LEKKI is ideally located within the easy access of the new international airport and Lekki Free Trade Zone. It replicates a world class architectural masterpiece with full infrastructural and recreational facilities such as; good road network, electricity, sewage disposal system, good drainage system, ultra-modern borehole and recreational facilities among others. We are convinced beyond any iota of doubt, that DOMINION GARDEN CITY, IBEJU-LEKKI would satisfy client’s desire with reference to shelter in Lagos. We therefore urge you to place an order for your own plot today. LOCATION: The property is located in the neighbourhood of Lekki-Ajah Expressway, 5 minutes drive from Mayfair Gardens. TITLE: Global C of O, Registered Survey Plan and Deed of Assignment. SIZE: 60 X 120 FT {675 sqm} PRICE: Smart ...

PHPAC ESTATE, IBEJU, LEKKI is a mega estate comparable with any estate in the developed countries. It replicates a world class architectural masterpiece with full infrastructural and recreational facilities such as; good road network, electricity, sewage disposal system, good drainage system, ultra-modern borehole and recreational facilities among others. PHPAC ESTATE, IBEJU, LEKKI has an economic advantage as regards its location; The Lagos State Government’s new International Airport is also located within that axis, thereby exposing the estate to international neighborhood. We are convinced beyond any iota of doubt, that PHPAC ESTATE, IBEJU, LEKKI would satisfy client’s desire with reference to shelter in Lagos. We therefore urge you to place an order for your own plot today. LOCATION: The property is located at Elerangbe in  Ibeju Lekki, close to the new  International Airport axis. NEIGHBORHOOD: New International Airport, 4th Mainland Bridge, Lekki F...

The housing and housing finance sector will grow in leaps in the coming months, experts in the sector have predicted. Some of the experts, who spoke on the outlook for the different aspects of the sector for this year, were positive that the steps that were taken to reduce the housing deficit in the country in 2013 would be consolidated in 2014. According to them, the predictions that the country’s economy will grow at a steady rate this year will rub off on the housing sector. The President, Nigerian Institute of Building, Mr. Tunde Lasabi, said more developers would come into the sector in the course of the year. He also expressed the hope that the Federal Government would facilitate the availability of building materials by reducing the import duty on them. Lasabi said, “On the part of professionals, I expect a better collaboration, especially within the NIOB, so as to tackle fake materials. I expect that more private individuals will...

Indication emerged on Tuesday that the reconstruction of the Lagos-Ibadan Expressway would be largely private-sector financed. The Federal Government said it had made a provision for N50bn, representing 30 per cent of the N167bn cost of the project, leaving the private investors and financiers led by the Infrastructure Bank to raise the N117bn balance needed to complete the project. This was contained in a statement signed by the Director of Information, Federal Ministry of Works, Mr. Bisi Agbonyin. The details of the infrastructure financing facility showed that the Federal Government would provide N50bn as its counterpart funding for the project. The ministry stated, “The Federal Government has made a total provision for the sum of N25bn as her own counterpart funding in the 2014 budget with a view to providing the balance of N25bn in the 2015 budget.” The Director, Public-Private Partnership in the ministry, Mr. Tunde Ekunsunmi, in a telephone interview with one...

Barr. Ibeneme Ifeanyichukwu In this interview with Global Realty Portal(GRP) interview, the CEO of Cortz Integrated Services, Ikeja, Barr. Ibeneme Ifeanyichukwu, a lawyer and a realtor speaks on the effect of government massive investment in Ibeju-Lekki axis, the growth in the Real Estate Industry and other related issues. GRP: What is your general overview of the real estate industry in Nigeria?. BARR. IBENEME: First of all the Real Estate market is one of the biggest and lucrative markets on earth. In fact it ranks among the 4 major markets in the world, which include; the oil & gas market, commodity market, stock market and the real estate market. The Real Estate industry has come of age because unlike before, people have come to realise the value of real estate investment. More-so, we now have estate developers that have overtaken the industry, thereby eliminating quacks and restoring societal confidence in real estate investment. GRP: Recently, ...

The Lagos State government has said it is not going to embark on new projects in the new year, assuring, however, that it would finish all ongoing projects in the state within the lifespan of the present administration led by Babatunde Fashola. Obafemi Hamzat, the state commissioner for works, who disclosed this at an interactive section with the media in his office in Alausa, Ikeja, disclosed that in the outgone year, the state government initiated over 200 road projects out of which 83 have been completed. The commissioner, who used the forum to review the activities of his ministry in 2013, also disclosed that the state government has, through the Public Works Corporation, rehabilitated about 900 roads across the state, adding that the state is constructing nine pedestrian bridges some of which have been completed while construction is continuing on others. “The state government has road work in every local government area of the state and in buildi...

A report on the property market in sub-Saharan Africa prepared annually by Broll Property Services has shown that Nigeria is the most expensive market for the office space segment of the market. The report explains that as against Ghana’s $37 monthly for a square metre in a Grade A office space and $26 apiece in Mauritius and Madagascar for the same period, a square metre in an Grade A office space in Lagos or Port Harcourt could rent for as high as $70 a month, making it 100 percent higher. Broll, one of Africa’s leading commercial property service providers, claims that despite the availability of prime properties in major city centres such as Lagos and Abuja, the needs of some international tenants seeking befitting office spaces are yet to be met, thus increasing the rents of the available spaces as demand for same outstrips supply. Looking at other sub-Saharan African countries, in Rwanda and Namibia, respectively, the rents are $20 and $1...

The Ogun State property and Investment Corporation has announced the commencement of construction at its Orange Valley Estate located opposite the Governor’s Office, Oke-Mosan, Abeokuta. The project, according to the Special Adviser to the Governor/Managing Director, OPIC, Mr. Babajide Odusolu, is designed to be the first premium gated community in Ogun State and is in furtherance of the Senator Ibikunle Amosun-led administration’s focus on urban renewal and provision of housing solutions. The first phase of the project, according to a statement made available on Sunday, involves the construction of 24 apartments and 29 semi-detached duplexes, which are scheduled for completion within six months. The second phase, the statement added, would take further nine months to complete and would include recreational facilities and 18 luxurious villas. Odusolu explained that the Orange Valley was designed to create a scenic and serene green living environment for its residents an...