ChangeAgent Property

Residents of Magodo estate under the aegis of Magodo Resident Development Association (MRDA) have protested plans by the Lagos State government to create access road through Block 89 A, Magodo Extension Magodo, Lagos. The state government has recently deployed a heavy earth-moving caterpillar to clear the bushes and shanties along the end of Ashiru Shittu Street of Magodo scheme. Already, works at the channelization of canal between Magodo brooks and Omole Phase 2, have created a disharmony between residents and government leading to temporary stoppage of works at the site.

Aerial view of Lagos PHOTO: CLUTTONS Notwithstanding the redundancies mounting beyond the all-important oil sector, run-away inflation cutting property transaction volumes and investors apathy to real estate, a new report released by Cluttons Nigeria says, there is a bright spot in the Lagos commercial sector, especially the industrial market. The global real estate firm in its ‘Winter 2016/17 Lagos Commercial Property Market Outlook’ revealed that the market has remained fairly resilient in the face of a deteriorating economic

Accountant, Ifitech and Associate Limited, Edet Anietie (left); Managing Director, Ifeanyi Isaac; Executive Director, Susan Isaac and General Manager, Ngoha Johnson during the unveiling of Westpoint Gardens and Solid Base Estate in Lagos. Determined to contribute its quotas in reducing the prevailing housing deficit, a private developer and owners of WestPoint Gardens and Solid Base Gardens, Ifitech and Associate Limited has unveiled a low-cost housing scheme, which will provide residential accommodation for Nigerians. The company has entered into partnership with the government of

This is not the best of times for Lagos government as the nation’s economic recession has impacted negatively on the State’s Lands Bureau by slowing down land transactions to a record low of 30 per cent. Last year, the state authorities slashed various rates applicable to land transactions from 13 per cent to three per cent. For instance, consent fees was reduced from six per cent to 1.5 per cent while capital gains tax, previously two per cent , was reduced to 0.5 per cent.

Residential buildings stand under construction in Jining, China on Monday, May 30, 2016. Photographer: Qilai Shen/Bloomberg The “China property bubble” has come back to a headline-making theme but a quick look at the data uncovers a more nuanced picture, and how this time might be a bit different. The chart above illustrates the cyclicality of the housing markets, with an almost sinusoidal line that represents a monthly year-on-year growth in average house price index for 100 cities.

The Secretary-General of the United Nations Conference on Housing and Sustainable Urban Development HABITAT III, Joan Clos, speaks during a press conference in Quito on October 14, 2016, ahead of the HABITAT III meeting in Ecuador. The HABITAT III conference will take place from October 17 through 20 in Quito. Juan CEVALLOS / AFP A major milestone in the development of the world’s cities and towns was achieved at the weekend in Quito, Ecuador, with the successful adoption of a new framework that will set the world on a course towards sustainable urban development. The conference known as Habitat III brought together mayors, local and regional authorities, civil society and community groups, and urban planners. Mayors said the conference advanced the participation of local authorities in the global effort to achieve the Sustainable Development Goals.

☑ Land Sponsorship ☑ JV Build & Share ☑ JV Sight & Service ☑ Land Exchange for Car ☑ Creating Access Roads ☑ Processing of Land Title ☑ Land Clearing 🇮𓨑 Land Sand-Filling ☑ Bridge Construction ☑ Become Community Lawyer ☑ Buying Land We can show you the way to invest in Lekki with great future returns. 10 Reasons Why You Should Invest In Ibeju Lekki Now!

Boxer and politician Manny Pacquiao, has built over 1,000 houses for poor Philippinos in his home town. The multi-millionaire boxing champion, who is also a congressman, posted on his Facebook page of the housing project he has put up in the Philippines. "I'm so happy giving this houses free to my constituents in Sarangani Province from my own pocket more than thousand families are the beneficiaries," he said.

Housing An indigenous real estate firm, ALM Build Art Limited, has launched its e-commerce platform, targeted at satisfying property acquisition needs of the governments and its citizens in the South-east and South-south geo – political zones of the country. Speaking at the launching in Imo State, the Managing Director of the firm, Obinna Onwunali, said the innovation was put in place, primarily for sale and rental services.

Governor Akinwunmi Ambode (middle), Chief Judge, Justice Oluwafunmilayo Atilade (left) Speaker, House of Assembly, Mudashiru Obasa, Attorney General & Commissioner for Justice, Adeniji Kazeem and Special Adviser to the Governor on Civic Engagement, Kehinde Joseph (right), at the signing of the Property Protection and Neighborhood Safety Agency Laws in Lagos House, Ikeja. Apparently, to forestall breakdown of law and order, the Nigerian Slum/Informal Settlement Federation is demanding immediate reversal of the demolition notice on shanties along shorelines by the Lagos State government. Governor Akinwunmi Ambode had given the order dated October 9, 2016, to all informal waterfront communities

Chudi Ubosi The government should focus intensely on the provision of housing for the low and middle-income groups, says CHUDI UBOSI, President – Africa, International Real Estate Federation (FIABCI) and principal partner at Ubosi Eleh and Company. He argued that the impact of government should be felt at this level Housing is one of the fundamental human needs in addition to food and clothing. It is equally a significant indicator of a person standard of living, and sometimes also an indication of place or status in the society.

As part of efforts aimed at reducing the rigorous process involved in land acquisition, Abia State Government has pledged to evolve an efficient land administration system that would reduce the stress in procuring lands. The State Commissioner for Lands, Mr. Uche Ihediwa disclosed this during an interaction with the State NUJ Council Executives led by the Chairman, Comrade John Emejor. The Council during the visit had sought for a land allocation for journalists, which would be, develop into a Media Village or estate as obtained in some states for members of the third estate of the realm. Ihediwa, a lawyer disclosed that his ministry was challenged by lack of ‘functional Geographical Information

Chief Technical Officer, Lekki Gardens Estate Limited, Mr. Andrew Jibunoh, the Managing Director/Chief Executive Officer, Mr Richard Nyong, the Board Chairman, Mr. Arobo Kalango and the Chief Operating Officer, Mrs. Christy Amida at a special media parley held by the company in Lagos. Fresh steps are being taken by Lekki Gardens Estate Limited to increase housing stocks, ensure timely delivery of quality and affordable homes in the country. The company has engaged top notch consultants and contractors in different aspect of the construction value chain

21 on Milverton is a prestigious development built in modern style, with a mix of simplicity and elegance. The project offers 2 blocks of luxury apartments. Location: Miverton, Ikoyi Lagos. Block A comprises of 12 apartments of 3 bedrooms 2 penthouses of 2 bedrooms Each 3 bedroom apartment sells for N199m Block B comprises of 10 apartments of 3 bedrooms 2 penthouses of 4 bedrooms

The Epe-Marina Lagoon reclamation project is a complete redevelopment of project site to facilitate development and promote tourism Governor Ambode, who equally inspected the on-going dualization of about 25 network of roads in Epe, said the massive investment of government in the area was part of the grand plan to transform the axis and same was in line with the Lekki Free Trade Zone (LFTZ) project. He expressed satisfaction with the level and pace of work done so far,

…Cites security, contravention of extant laws …Says govt’ll not succumb to cheap blackmail. Lagos State Government on Tuesday clarified its decision to demolish illegal structures and shanties erected along the river banks and under high tension cables across the State, citing security concerns and flagrant abuse of its building regulations as its core reasons.

Green City is a beautiful eco-friendly community reserved for a select few, away from pollution, and the hustle and bustle of city life. It has beautiful landscaping and natural vegetation, with a stream flowing by—giving it the very ambiance of paradise. The estate, upon completion, will have a total of 286 mixed housing units (3 bedroom flats, 3 bedroom and 4 bedroom townhouses). Green City speaks of nature, peace, beauty and class. It is covered by a Registered Global Certificate of Occupancy. We had you in mind when we designed it, and we're

Minister of Works, Power and Housing Babatunde Fashola Faced with an eventual job cuts in the building and civil engineering firms, the Federal Government plans to inject massive funds in construction projects, especially in the road and housing sectors. Minister of Works, Power and Housing, Mr. Babatunde Fashola, who stated this at the annual conference of the Quantity Surveyors Registration Board of Nigeria (QSRBN) in Abuja, observed that government believes that massive investment and expenditure in infrastructure is one sure way of quickly taking Nigeria out of recession. He said: “This administration, more than any other in recent times, has taken concrete measures to bridge the infrastructure deficit in Nigeria in the belief that the development of a

One of the most important aspects of investing in and managing commercial real estate includes understanding leases. There are a variety of leases employed by landlords to manage their tenants, and it is necessary whether you are leasing or renting a commercial space that you completely understand the agreement (lease) that you are signing. What is a Commercial Lease? A lease is like a partnership. It outlines how the business relationship between the lessor and the leasee will proceed. Following are some types of commercial leases that you, as an investor, may encounter. The Triple Net Lease (which is abbreviated as “NNN” in advertising)is used extensively in commercial real estate. It is popular for multi-tenant and single-tenant industrial and retail properties. The three elements—the “triple”—are Taxes, Insurance, and Operating Expenses. In a true NNN lease (and many so-called NNN leases are not “true” NNN), the tenant pays a basic rent to the landlord, and in addition pa

When you’re first starting out as an investor, there are lots to learn and there are lots of mistakes to be made. Small property mistakes usually equals small pains. That’s why it’s smart to start off with a small cash flow property.  But is very important is to understand the commercial investing industry “slang” and to be able to figure out deal listings on Loopnet. I shared with you Part 1 of “8 Commercial Real Estate Terms Investors Should Know” on my previous blog  so you will have all the right information you will need to make an offer on an apartment or commercial investment deal. Below are the remaining 4 of the commercial investing terms investors should know for doing real estate investing deals. 8 Commercial Investing Real Estate Terms 5. Price Per Unit This term is at the heart of where to start in determining what a property is worth and also what to offer when you’re considering buying a property.  At the heart of knowing how much you’re going to pay for the

You’re about to discover 8 commercial real estate terms that you should know if you plan on investing in commercial real estate. 7 of these Key Terms are mandatory to understand for any property you are looking to purchase. There is one last bonus term per se that is the key to making all your deal transactions successful. I’ll share that secret commercial investing key term last. What I want to do in this short training is very quickly share with you what’s in the heart of every commercial real estate investment deal that you will find and come across. 8 Commercial Investing Real Estate Terms 1. Net Operating Income (NOI)

In luxury real estate, there is, and has been for the last few years, no ceiling. Given that, there’s still a marked difference in pricing between properties that we may now rank as ordinarily, acceptably, and possibly even charmingly nuts, and those that seem to demand a new classification as certifiably, clinically insane. The latter category seems to have recently been met in Monaco, where, in the 49-story concrete-and-glass tower called La Tour Odeon, five years in the building and now the principality’s highest building, the five-floor penthouse has been prospectively put on the market for a tidy $335 million, or thereabouts. Developed by the Groupe Marzocco, designed by the Monegasque architect Alexandre Giraldi, the Tour Odeon

Principal Partner, Kunle Omotola and Company,Kunle Omotola (left); Chairman, Advisory Board, RealEstate Unite, Peter Bamkole; CEO, 3Invest Limited, Ruth Obih; Special Adviser to Minister on Housing, Abiodun Oki and Managing Director, UPDC, Hakeem Ogunniran during the Real Estate Unite conference organised by 3Invest Limited in Lagos Desirous of a vibrant real estate sector in the country, experts have canvassed incentives for private developers in the areas of financing and land acquisition. The experts, say such intervention by government in the sector could boost the Gross Domestic Product (GDP) and

Dubai is again reaching for the sky with the groundbreaking of The Tower at Dubai Creek Harbour, which is set to be the World's tallest in 2020. Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid on Monday "broke ground" on the world’s tallest tower – a structure that will define Expo 2020 as the Eiffel Tower defined Paris for its 1889 World Fair. "The new tower sets another challenge in the history of human architecture – a race the UAE deserves to lead," said Sheikh Mohammed, after the ceremony. We strive for new achievements. A new

A luxury 7 bedroom Detached house wit 2 rooms service quarters fully furnished, ample parking lots , standby generator , security gate house etc on 890m2 @ Royal Gardens Estate Ajah. Tittle : lagos state consent . Price : 160m

Towards enhancing and ensuring transparent land administration system, the Delta State Government has launched an Information Communication and Technology (ICT) centre. The centre is a partnership deal between the government and Queensbridge Investment Limited to frastrack the issuance of Certificate of Occupancy to land owners and boost the Internally Generated Revenue (IGR) base of the state. Commissioning the ICT Centre, the State’s Deputy Governor, Kingsley

An illustration of the proposed apartment To ensure easy payment and homeownership, a private developer, Previs Developments, has introduced a ‘rent and own’ scheme in its mid-market residential project, known as Premiere Apartments. The Apartments, located in Lekki Scheme II, consists of 12 blocks of three bedroom apartments, totalling 854 units. The real estate project, is conveniently situated close to recreational centres, shopping malls, private schools as well as a fire station. Also, the estate is within the largest Shoprite Mall in Lagos, with popular

Meets APM terminals representatives in London Lagos State Governor, Mr. Akinwunmi Ambode on Thursday met with representatives of APM Terminals to advance the development of the Badagry Deep Sea Port project, restating his administration’s key strategic imperative to creating a friendly environment to encourage private sector participation in driving economic development in the State. Governor Ambode at the meeting which took place in London, United Kingdom,

Ilubirin Housing Project  The Lagos State Government is committed to providing access to affordable housing for Lagosians. Our government will ensure that all ongoing housing projects are completed and made available for lease for our people. Our administration remains committed to the Ilubirin housing project and its

Head of Trade Mission, United Kingdom to Nigeria, Mr. Carl Woolf (left); Development Director, South Energyx Nigeria Limited, Pierre Edde; CEO, AKD Solutions Limited Uk, Mr. Akin Thomas and the Director, Synargict Connect Limited, Mr. Eisen Chak, during an investments Trade Mission from United Kingdom Team of Investors to Eko Atlantic City Projects, in Lagos The developers of the new city being built from reclaimed land adjacent to Victoria Island – Eko Atlantic City has released key features of the proposed West Africa’s new financial hub, accommodating the headquarters of the sub-region’s leading banks, financial institutions and international corporate companies. According to South Energyx Nigeria Limited (SENL), a subsidiary of the Chagoury Group, a part of the new smart city has been reserved for the development of a business district. This Business District will be approximately 650,000 square meters and will feature the Eko Boulevard, a two kilometer long, 60 metre wide ce

Unilag Estate Magodo There are numerous TV shows showcasing the fix and flip business. It looks like a fun way to make some extra money, or an exciting career as an investor. It has the potential to become very lucrative, but you should be careful. You can’t just jump in without any knowledge, and buy the first fixer upper that you find. In the beginning you need to ask yourself: what kind of houses are good for new fix and flippers? While there is not one specific property type that’s best for beginners, there are definitely some qualities that make some houses better investments for those who are just starting out. 5 TIPS For New Fix & Flip Investors

Ban Ki-Moon With an increasing number of poor and vulnerable people living in precarious conditions, urgent action is needed to refocus urban planning and to provide safe, affordable housing that is appropriate for the citizens’ growing needs, senior United Nations officials said ahead of World Habitat Day (WHD). The WHD is observed annually on the first Monday of October.   This year’s theme is “Housing at the Centre” – aims to shift the focus from simply building houses to a holistic framework for housing development,

Now is a great time to purchase commercial real estate and invest in apartments! Let's face it; we are now living in a buyer's market. With more and more properties on the market, sellers are facing some stiff competition, and are being forced to lower their prices in order to contend with other hungry sellers. This environment is perfect for ambitious real estate investors with so many great opportunities. Timing could not be more perfect to buy your first piece of real estate, then now. It is vital to know what kind of negotiation tactic is going to best to help you maximize your

Lagos State Government, through the Ministry of Physical Planning and Urban Development, has clarified its position on the Right of Way to be established for the construction of Reinforced Concrete Dual Carriage Flyover Bridge at Abule Egba junction. The clarification was contained in a release issued by the Ministry in response to a newspaper publication alleging that the State Government unilaterally reneged on an agreement with residents in respect of the agreed 32metres setback from existing

Landlording – selling, buying or leasing out property for cash flow – can be serious business.  Whether the property is an older building or new construction, getting the lowdown on your property is of utmost importance prior to making an investment.  Code violations and maintenance problems can be quickly identified; however, many of the most common and usually minor problems go unnoticed. There are a few common problems that landlords and property managers should look out for before or during  the home inspection of their current property.  Potential tenants should also be alerted of these problems before signing an apartment rental agreement.

Happy Independent anniversary Nigeria. Please download this Free Daily devotional, available in over 500 languages. Are you ready for the Revolution?"