Eko Atlantic City, a unique, innovative development, in a vibrant environment with 21st Century facilities on the coast of Lagos has reached advanced stagesin the first 5 million sq. metres of the project.
AEL today unveiled its plans for the eagerly awaited future development in Agbara Estate. The development plans for the estate represents MAREF (Momentum Africa Real Estate Fund) and its partners Land Afrique and Eris Property Group’s commitment to investment in Nigeria and in the city of Lagos.
South African investors and developers looking at investing in Africa need to partner with locals and be involved for the longer term as returns might not be attractive initially, according to Fergus Mackintosh, head of real estate for Africa at Standard Bank.
Institutions looking to invest in property in Nigeria face numerous hurdles, but perseverance, strict due diligence and an intimate knowledge of the idiosyncrasies of the property environment can lead to a measure of success.
UK government-backed fund aims to invest in office and retail properties in sub-Saharan Africa Property Correspondent.
Lagos - The Nigerian branch of UK-based bank Standard Chartered planned to open more outlets and a new headquarters here, on the back of expectations of rapid growth, David Cutting, its chief in Nigeria, said last week.