The Nation Newspaper

Category: Property

  • Wisdom Kwati Smart City leads urban development, massive job growth in Abuja

    Wisdom Kwati Smart City leads urban development, massive job growth in Abuja

    Wisdom Kwati Smart City, a subsidiary of Wisdom Kwati Group, has unveiled its ambitious plans for the development of a mega city in Karshi, Abuja, aimed at generating over 6 million jobs within the next decade. 

    The project, which is still in its first phase and expected to be completed in 10 years, has the potential to reshape the real estate landscape in Abuja, offering a sustainable, eco-friendly urban environment tailored to the Nigerian middle class.

    With an ongoing housing deficit in Abuja and other parts of the country, projects like Wisdom Kwati Smart City are emerging as vital solutions. The Federal Capital Territory (FCT) is grappling with a shortage of affordable housing, forcing many residents to live in overcrowded areas or commute long distances. 

    The National Bureau of Statistics (NBS) reports that Nigeria currently faces a housing deficit of over 17 million units, with Abuja among the most affected cities.

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    Chairman of Wisdom Kwati Group, Wisdom Kwati, spoke on how this project addresses these issues, stating, “Abuja’s housing crisis is a pressing issue, and we are determined to make a difference. Our project will not only offer affordable homes, but also incorporate sustainable building practices that will reduce costs in the long run—making life easier for residents.”

    In alignment with recent policies initiated by Nigeria’s Minister of Works and Housing, David Umahi, which focuses on affordable and mass housing schemes, Wisdom Kwati Smart City draws inspiration from government-led initiatives aimed at closing the housing gap. 

    The Federal Ministry of Works and Housing recently introduced several public-private partnerships designed to promote affordable housing development. These policies resonate with Wisdom Kwati’s vision to create a city that merges quality living with affordability.

    Baba Yakubu Ballah, Chief Operating Officer of Wisdom Kwati Smart City, highlighted the project’s employment potential.

     “Our phased development will open up job opportunities starting with construction and engineering, followed by service industries. The sheer scope of the project is similar to Eko Atlantic in Lagos, but we’ve designed this city with sustainability and affordability as key drivers.”

    On the ongoing discussions with investors to secure over ₦77 billion in funding, he said: “We are still in talks with investors, both local and international, but the interest we’re seeing is encouraging. There’s recognition that this project is both timely and transformative,” Ballah stated.

    Referencing the government’s housing reforms and policies, Kwati noted: “Our project is aligned with the current administration’s vision to improve access to housing. We are committed to supporting the government’s initiatives through innovative real estate solutions that can bridge the gap between demand and supply.”

    The city will boast a range of eco-friendly infrastructure, such as renewable energy sources and water conservation systems, positioning it as a sustainable urban environment. Wisdom Kwati Smart City is expected to attract a wide variety of sectors, including technology, real estate, and green innovation, ensuring that the employment opportunities created are diverse and impactful.

  • Building wealth abroad: Why Nigerian investors should consider US real estate with REI capital growth

    Building wealth abroad: Why Nigerian investors should consider US real estate with REI capital growth

    In the constantly shifting landscape of global finance, Nigerian investors are increasingly seeking opportunities to diversify their portfolios and secure wealth beyond local markets. One of the most promising avenues for international investment lies in U.S. commercial real estate. Traditionally, this sector has been the exclusive domain of institutional investors and ultra-high-net-worth individuals. However, REI Capital Growth, a U.S.-based company, is revolutionizing access to this lucrative market, making it more accessible for Nigerian investors.

    REI Capital Growth’s innovative platform is breaking down the barriers that have long kept international investors from participating in U.S. real estate. By introducing fractional ownership, the company allows Nigerian investors to acquire stakes in high-value commercial properties without the need for enormous capital or navigating complex legal frameworks. This model provides an efficient, secure way for smaller investors to tap into an asset class that offers both long-term stability and growth.

    The platform’s technology is designed with simplicity and ease of use at its core, allowing both seasoned investors and those new to real estate to seamlessly engage in the U.S. market. For many Nigerian investors, particularly those unfamiliar with the intricacies of U.S. real estate, entering the market can seem daunting. REI Capital Growth tackles this by incorporating a user-friendly interface filled with educational resources that break down complicated concepts. Step-by-step investment guides and valuation tools provide users with the knowledge necessary to make informed decisions, regardless of their prior experience in real estate investing.

    For Nigerian investors, the appeal of REI Capital Growth’s platform extends beyond ease of access. One of the company’s standout advantages is its tax-efficient structure. Typically, foreign investors in U.S. real estate are subject to a 30% withholding tax on income generated from their investments. However, REI Capital Growth’s approach minimizes this burden by converting returns into capital appreciation, meaning that investors are only taxed on capital gains upon the sale of their shares. In Nigeria, where capital gains tax is relatively low, this model provides significant tax advantages. The company’s structure aligns well with Nigerian tax laws, allowing investors to maximize returns while minimizing their tax obligations, making it an attractive solution for those seeking global diversification.

    REI Capital Growth’s commitment to accessibility is further emphasized through its integration of AI-powered translation services. The platform supports multiple languages, including niche African languages such as Hausa, Igbo, and Yoruba. This multilingual support ensures that Nigerian investors, regardless of their linguistic background, can engage with the platform without facing language barriers. By offering such inclusive features, REI Capital Growth is ensuring that its platform is tailored to meet the needs of a diverse global audience, which includes the large and growing investment community in Nigeria.

    In the digital era, security is a crucial concern for investors, particularly when it comes to international transactions. REI Capital Growth places a premium on cybersecurity, implementing advanced safeguards to protect investor data and assets. The platform incorporates two-factor authentication, access control measures, and firewall protections to ensure that all financial and personal information remains secure. Nigerian investors can trust that their investments are safe from cyber threats, thanks to the robust security framework that REI Capital Growth has put in place.

    Another key factor that makes REI Capital Growth attractive is the platform’s ability to scale. As more Nigerian investors look to expand their portfolios globally, the platform is designed to handle growing demand. The company’s focus on scalability means that as its user base increases, Nigerian investors will continue to enjoy a seamless experience. The technology powering the platform ensures that there is no compromise in performance, even as more international investors come on board. This future-proof approach positions REI Capital Growth as a reliable and sustainable partner for Nigerian investors seeking long-term investment opportunities abroad.

    The global nature of today’s economy means that Nigerian investors are increasingly looking for ways to protect and grow their wealth beyond the borders of their home country. U.S. commercial real estate, with its combination of stability, potential for appreciation, and income generation, represents an ideal opportunity. However, until recently, high entry barriers and complex tax systems made it difficult for small and mid-sized Nigerian investors to participate in this market. REI Capital Growth’s platform changes that by offering a straightforward, secure, and tax-efficient way to invest in some of the most sought-after commercial properties in the U.S.

    For Nigerian investors who are focused on protecting their wealth in uncertain times, REI Capital Growth offers a unique solution. The platform opens up U.S. real estate markets that were previously out of reach and provides an easy, accessible way for investors to diversify their portfolios. By eliminating the need for large capital outlays and simplifying the tax process, REI Capital Growth gives Nigerian investors a practical and effective tool to build and preserve wealth on a global scale.

    As more Nigerians explore opportunities in international markets, the importance of platforms like REI Capital Growth becomes clear. It provides a bridge between Nigerian investors and U.S. commercial real estate, creating opportunities for wealth growth that were once reserved for institutional players. By embracing technology and focusing on investor-friendly features, REI Capital Growth is helping Nigerian investors navigate the complexities of global real estate, offering them a chance to expand their financial horizons and participate in one of the most stable asset classes available today.

  • Fed Govt to revise compensation rates

    Fed Govt to revise compensation rates

    Minister of Housing and Urban Development, Ahmed Musa Dangiwa has revealed that the Federal Government is on the verge of introducing revised compensation rates for individuals affected during land acquisitions for public projects, noting that President Bola Ahmed Tinubu is committed to critical land reforms towards effective land administration in the country.

    Dangiwa spoke at the 2024 National Technical Development Forum on Land Administration focusing on the Review of Compensation Rates on Crops and Economic Trees for Project-Affected Persons in Nigeria yesterday.

     The Minister noted that a review of the current compensation rates has become important for the purpose of ensuring project-affected individuals get fair value for their sacrifice.

    In addition,  he underscored the critical value of crops and economic trees such as cocoa, palm, kola nut, mango, and cashew trees, among others, stating that they are not just sources of income, but multi-generational assets that represent years, even decades, of labor and hope.

    “These trees are also tied to cultural and social identities. When displaced or destroyed in the course of land acquisition for public projects, the loss can be devastating, not only financially but emotionally. That is why it is essential to ensure that compensation rates reflect the true value of these assets, considering both their immediate and long-term economic importance,” he said.

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    Explaining further,  he said the review is a priority of the current administration and a central focus of effective land administration.

    “The Land Use Act of 1978 stipulates that the government has the right to acquire land for public purposes. But it also provides the framework for fair compensation when public land acquisition affects livelihoods. However, the reality on the ground often reflects delays, disputes, and inadequate compensation that fails to account for the true value of agricultural investments” he stated

    The Minister also said that the Renewed Hope Agenda of Mr. President, believed that adequate compensation for crops and economic trees is not just a legal obligation; but a moral one.

    Accordingly, he emphasised the importance of an effective land administration system, considering its importance for agriculture, industry, housing and urban development and its pivotal place as a lifeline for millions of Nigerians, pointing out that what the country has lacked for decades is effective land administration, and not a lack of land.

    “It is important to note that as a country, we are blessed with vast land covering about 923,769 square kilometers. We do not have a shortage of land. What we lack is effective administration and management of this massive resource that providence has bestowed on us. And until we can do so, we may not be able to unlock its potential and to develop at the pace that we need to” he stated

    Dangiwa, further noted that, Nigeria, unfortunately, for decades has been battling with issues such as security of land tenor, title and legal rights of possession, frictions in land transactions, coexistence of different categories of land rights (Native Rights, Customary Rights of Occupancy, and Statutory Rights of Occupancy…

    Accordingly, he explained thet the Land Use Act was intended to harmonize these laws, which it’s implementation has been inconsistent, largely due to the absence of comprehensive guidelines. This,  he said  has left gaps in the uniform application of the Act, which ‘we are now determined to address’

    While acknowledging the efforts of the National Technical Development Forum on Land Administration since its establishment in 2006, he stressed that a lack of political will to implement the great ideas and solutions of the past has rendered its efforts of no significant impact on Nigerians.

    “Under the Renewed Hope Agenda of His Excellency, President Bola Ahmed Tinubu,  we are committed to making a meaningful difference in land administration. To achieve this, we are bringing a new sense of urgency, political commitment, and determination. Fortunately, we now have a president who not only possesses the political will but also the determination to see these solutions implemented” Dsngiwa remarked

    Also speaking, Senior Social Development Assistant, World Bank Group, Dr Michael Ilesanmi noted that the Forum and the new direction it is taking is a key step in strengthening Nigeria’s capacity for environmental and social management, as well as the processes for land acquisition, resettlement and compensation.

    The Chairman of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), Dosu Fatokun, hailed the commitment of the Minister and his team in driving the reforms, especially towards ensuring fair compensation for project-affected individuals and increased access to land for Developmental projects.

    Director of the Department of Lands and Housing Development at the Ministry, ESV Collins Alabi expressed his excitement at the momentum with which the current land reforms are taking place, noting that the revision of the compensation rates is an integral component of the overall reforms being driven by the ministry

  • NITP holds 55th international conference Oct 21 – 24

    NITP holds 55th international conference Oct 21 – 24

    …Fagbenro Adeniran to be inducted as Fellow

    As Town Planners gather in the Coal City of Enugu for the 55th edition of the Nigerian Institute of Town Planners (NITP) International Conference, Monday, 21st October to Thursday, 24th October, 2024, Tpl. Fagbenro Olukayode Adeniran, would be among the select few that would be conferred with the prestigious Fellowship of the Institute.

    Adeniran, a Deputy Director in the Federal Capital Development Authority, Abuja, is an accomplished professional who has dedicatedly worked in the public service in the last 28 years and had a brief 5-year stint in the private sector.

    He obtained a Master’s degree in Urban and Regional Planning from University of Ibadan in 2002, and  earned Post Graduate Diploma in Housing and Urban Development in 2015 from Institute of Housing and Urban Development, Erasmus University, Rotterdam, Netherlands.

    He also bagged Master’s degree in Environmental Management and Protection from University of Abuja in 2018. He is currently rounding off his Doctor of Philosophy degree in Environmental Resources Management from Nasarawa State University, Keffi, Nasarawa State. He also has a Master’s degree in Theology, from The Redeemed Christian Church of God Bible College.

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    He is a Corporate Member of Nigeria Institute of Town Planners, Registered Member,Town Planners Registration Council; member, American Planning Association; member, Nigeria Environmental Society.

    He is an Ordained Minister of the Gospel in the same mission and was once the pastor in charge of Peacemakers Assembly in Abuja.

    He has attended several international professional conferences like the World Urban Forum e.t.c. and many Local conferences in Nigeria.

    Nigerian Institute of Town Planners (NITP) is the association of persons practising the profession of Urban and Regional Planning in Nigeria.

    The Institute holds its International Conference and Annual General Meeting during which issues of national importance and relevance are discussed; and recommendations are published for the attention of Government and other stakeholders, in order to facilitate and organize the growth and physical development of human settlements in our Nation.

    The conference attracts leading urban and regional planning professionals in the academia, public and private practice, as well as, scientists, urban administrators, researchers, political office holders at all levels of governance, real estate developers and consultants, ICT specialists and other service providers both national and international.

  • Makinde commends Fendini on Rayfield Gardens City Estates

    Makinde commends Fendini on Rayfield Gardens City Estates

    Governor Seyi Makinde has commended Messrs Fendini Limited for its hard work and creative approach on Rayfield Gardens City Estate, Ibadan.

    He expressed satisfaction with the project, saying the estate’s has potential for families.

    The project, which is a Public Private Partnership (PPP) Initiatives, is aimed to set the pace for excellence in the real estate developement in the state.

    Speaking during his visit to the project, the Governor said the Estate was strategically located, adding when Ibadan-Iwo Road, Kute-Jenriyin Road and other ongoing road constructions are finished, they will boost trade, commerce and provide multiple access to the Estate.

    He highlighted rapid growth of the State and the need for more comfortable living spaces for residents and visitors, leveraging on Oyo State’s competitive and comparative advantage in its sustainable economic reforms.

    The estate will provide more than 300 residential units, a supermarket, hospital, schools and other amenities, creating hundreds of jobs for entrepreneurs and youth.

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    Chief Executive Officer (CEO) Fendini, Prince Laja Adeoye, who conducted the Governor, Commissioner for Lands Housing and Urban Development, Mr Akin-Funmilayo Williams, Director of Physical Planning, Mr Akinwale and other top government functionaries round the estate, said the project has world-class features, including stunning duplexes, maisonette, flats, apartments, well paved road network and drainages, power installations, solar street lights, water supply, effective security system and more.

    He noted people were already living in the Estate, calling on the public to take advantage of the ongoing ‘Build and Move in immediately’ offer.

    He said his company was committed to setting the pace for excellence in real estate development, which was why it is working round the clock to develop and deliver to subscribers, an estate with solid infrastructures that will be a reference point as far as the State is concerned in the next 12 months.

  • Experts highlight importance of real estate for wealth creation at ‘Wealth Conclave’

    Experts highlight importance of real estate for wealth creation at ‘Wealth Conclave’

    Real estate mogul, Dr. Oseni Olalekan Abideen, has emphasised the essential nature of real estate, stating that it is a fundamental need for everyone, especially given the rapid growth of our population.

    He noted that real estate serves as the primary means for both wealth creation and retention, providing benefits not only in the present but also for future generations.

    Dr. Abideen made these remarks at “The WEALTH CONCLAVE,” a real estate conference organised by Frontier Homes on Tuesday, October 1.

    The conference included seminars, interactive sessions, and various attractions aimed at inspiring and engaging participants.

    It provided a valuable platform for networking and knowledge exchange, with a focus on promoting innovation in real estate and highlighting the opportunities available within the industry.

    Abideen emphasised that the future of real estate is very bright because Nigeria’s population keeps increasing in a very fast geometrical progression.

    He said: “The future of real estate is very bright because our population keeps increasing in a very fast geometrical progression, and it’s very, very high. So, real estate is something that everybody would need, and there is a market for it. So, there is a market for it. It’s not something that can go out of the market, so it’s a good one.

    There is also no substitute for real estate. There can’t be. That one is not negotiable.

    “Real estate is the only tool for wealth creation and wealth retention. It helps to create wealth, and it helps to retain wealth, not just for now, even for the future.”

    Abideen, who is the Managing Director of Frontier Homes, added: “Wealth is created and in order to create wealth, you need vehicles. The vehicle is that which takes you from point A to point B. So in the world of finances, point A is your present financial position. Point B is your desired financial destination. So to move from your present financial position to your desired financial destination, real estate is one of the very powerful vehicles that will help you to do that. I consider it to be the most powerful. Why? You can create wealth through entrepreneurship as a business owner, but businesses go bankrupt.

    “You can create wealth through real estate, you can create wealth through shares and stocks, but the stock market can crash. But if you create wealth through real estate, you will never go wrong. Because even if there is a tsunami, we will still sell the land with water. So real estate is the most powerful vehicle of wealth creation.”

    The presiding pastor of Calvary Bible Church, Ikotun, Lagos, Dr. Olumide Emmanuel, in his presentation, urged young people to key into what can give them control of their financial futures.

    He recounted how he had studied the lives of people who were wealthy and noticed common traits in them which he wanted Nigerians to key into.

    According to him, the majority of the people who are wealthy are not salary earners, nor do they work for anybody but themselves. He also added that those sets of people always have multiple sources of income as well as investments in real estate.

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    He further claimed that wealthy individuals used real estate to both create and retain their wealth.

    He said: “For every rich and wealthy individual on earth, real estate was the vehicle they used to create wealth, and real estate was the vehicle they were using to retain their wealth. Weath is not cash based but asset based.”

    Nigerian music producer and singer, Olumide Ogunade, popularly known as ID Cabasa, who was one of the speakers at the conference, disclosed that real estate is his mechanism for retaining his wealth and relevance, unlike music that is not consistent.

    He said: “In this little time in life I’ve made some incredible money doing music, but music has never kept my money. And I’ve also lost money doing music.

    “I’ve produced artists that never blew. I’ve produced an artist that we put money on, and it was like putting water. And there are some that you’ll not spend money on and they’ll just blow.

    “But one that I have been able to calculate that is very consistent is when I started doing real estate.”

  • NBTE backs FG, ARCON’s collaboration for Abuja technicians’ school

    NBTE backs FG, ARCON’s collaboration for Abuja technicians’ school

    The National Board for Technical Education (NBTE) has expressed its readiness to support a training school in Abuja for architects and technicians.

    The school, to be run by Architects Registration Council of Nigeria (ARCON) named School of Architectural Technicians (SAT), is located in Kuje, Federal Capital Territory (FCT), Abuja.

    In a letter to the council, signed by NBTE’s Director of  Vocational, Technical and Skills Development, S M Yusuf, the Board however, specified some conditions for the architects’ council.

    The letter dated September 20 read in part: “Please recall our virtual meeting of 19th September, 2024, on your intent to operate School of Architectural Technicians in Kuje, Federal Capital Territory (FCT), Abuja, as a training provider under the Nigerian Skills Qualification Framework (NSQF) to enhance skills that meet contemporary industry standard.

    “Once the above requirements are met, the Board will give its maximum support in approving the School of Architectural Technicians in Kuje, Federal Capital Territory (FCT), Abuja as a training provider under NSQF.”

    The Board’s assurances came a few months after the Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, endorsed the collaboration between the Ministry of Housing and Urban Development and ARCON to use the facility for training of technicians in the architecture field.

    Among others, the centre is expected to provide high-quality education and hands-on training in architectural technology while enhancing capacity development in the built environment, preparing skilled technicians ready to contribute to Nigeria’s growing architectural and construction sectors.

    Conducting members of the council around the facility recently, ARCON president, Chief Oladipupo Ajayi, an architect, lauded Dangiwa’s gesture towards lifting architecture and the built environment.

    “This facility has been here.  Those who have followed the pronouncements of our supervising minister will agree with me that he is passionate to curb building collapse in Nigeria.

    “And being a professional in the built environment, he is desirous of enhancing the sector.

    “Hence, he graciously allotted this place to us to further train and retrain architectural technicians, architects and related professionals in the building industry.

    According to him, the council will establish a curriculum that meets industry standards regulated by ARCON and offers skill acquisition in the built environment.

    Ajayi, who noted that the facility can enroll 200 students in the first academic year, said it had commenced talks with the National Board for Technical Education (NBTE) for needed accreditation and certification.

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    According to him, the centre will boost professional development (CPD) programs for industry practitioners.

    The president, who said that the centre aligns with its core responsibility of determining what standards of knowledge and skills persons seeking to become members of the architectural profession need to attain, added this approval could not have come at a better time than now.

    Ajayi, who added that the centre will aid its role of raising the standards from time to time as, said Nigeria’s urbanization and infrastructure development create a significant demand for skilled architectural technicians.

    Facilities available in the centre include offices, classrooms and workshops, seminar rooms, hostels for accommodation, a restaurant serving students and guests, power house with generator, furniture and office equipment among others. 

    Programmes to be offered include diploma in architectural technology, certificate programs in Building Information Modeling (BIM), project management, sustainable architecture, construction management.

    There will also be short courses in hard skill acquisition like masonry, plumbing, and electrical installations, tilling, POP installations among others.

    The council’s registrar, Sule Utopa, said the school became necessary as the industry goes through constant and increasing changes in construction technology.

    A council member, Arc. (Prof.) Sati Yohana, who expressed delight over the centre, commended Dangiwa for his resolve to enhance architecture with the centre.

    “Here’s a centre coming to fruition based on the vision of the current administration of President Bola Ahmed Tinubu through his Minister of Housing and Urban Development, Arc.  Dangiwa , that will lead to architecture and society.

    “Soon, this centre will be able to invite people from the society to train and help them acquire skills at the middle level. Our resource persons will be pulled from the practice and schools of architecture.

    “We came here to access the centre with a view to improving it. 

    “This training centre will be a game changer in the built sector and it is certain that architecture will be better off when it takes off.

    “This centre will expose the middle level trainees within the sector to current trends and by doing so, ARCON, would be making much impact on the society.”

  • Oyo new hub for real estate – Mogbonjubola

    Oyo new hub for real estate – Mogbonjubola

    Oyo Commissioner for Environment and Natural Resources, Arch. Abdulmojeed Mogbonjubola has described the State as new hub of real estate.

    He stated the boom in the sector was as result of secured and an enabling environment created by Governor Seyi Makinde-led administration.

    Speaking at the 52nd birthday of Engr. Abduljelyl Karheem, the CEO of Afia Construction and Building Engineering, signing of MOU and the unveiling of Afia Court Ring Road, Ibadan, the Commissioner said the feats underscore Makindes plans to address housing deficit as well as attracting investors to the state.

    According to him, Oyo State is taking full advantage of its proximity to Lagos, which is about 120 kilometers away from Ibadan.

    He noted that the partnership between Afia Homes and Union Homes Savings and Loans Plc is indeed a great development, judging by the excellent track records of the two companies.

    According to him: “Engr. Karheem is not just one of the biggest real estate firms in Oyo State, he’s becoming the number one. I’m an architect by profession. I’d known Union Homes for over 30 years and I know the evolvement of Union Homes in real estate business. I can guarantee you.

    “And let me quickly say this to most of you that don’t know Oyo State, Oyo State is new hub of real estate. It’s just about 120 kilometers from Lagos city. It’s just exact the same thing from Abi Dhabi to Dubai. The IGR for Lagos State is netting almost N100b now. We barely do N4b in Oyo State. But my Excellency always say something, he said where road is going, development must go. 

    “Our major investment in Oyo State is development in the areas of road opening, security, education and health. So the new investment hub of the South-West is Oyo State. And you would remember Oyo State is a pace setter state. We are always been the first in everything we are doing. So if you have not key into it now, please do. And this is the beginning of the big thing in real estate.” 

    Speaking at the event, Dr. Femi Adewoye, Chief Operating Officer, Union Homes Savings and Loans Pls, said the partnership was part of his company’s policies of contributing to the growth of the sector, adding that partnership with Afia Homes was as result of the company’s track records.

    “We are very delighted to partner with the company. The decision was as result of the success story we have heard about him and the various meetings that we have been holding with him.”

    CEO of Afia Construction, Engr. Karheem said the partnership was an encouragement for his company to do even more in providing quality and affordable real estate services.

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    “What has helped us over the years is that we pay utmost attention to quality.” That has been one of our selling points,” he said. We don’t just do development, we do development in prime locations. So Afia Court, located at Lateef Oyelade GRA, Ring Road, Ibadan, is a 9 units of 3 bedroom apartments and 3 units of fully detached 3 bedroom duplex.”

    “We target people locally but pay more attention to the people in diaspora. A lot of them have built houses of ten, twenty bedrooms and the they visit Nigeria once in two years. That, to me, is an unintelligent investment. So what we are doing is to change their mindsets to be investing wisely.

    Speaking on why his company decided to partner with Union Homes, Karheem said the brand is a big player in real estate, saying the firm have been so consistent and their level of professionalism is second to none.

  • Hamrex Properties celebrates second anniversary, opening of corporate Hqts

    Hamrex Properties celebrates second anniversary, opening of corporate Hqts

    Saturday, September 7, marked a significant milestone for Hamrex Properties and Construction Limited as the company celebrated its second anniversary and the grand opening of its new corporate headquarters. 

    The event was attended by esteemed dignitaries, industry leaders, and key stakeholders who have played a vital role in the company’s growth and success.

    Amadi Harry Excellent, CEO of Hamrex Properties, expressed his pride and gratitude during the occasion, reflecting on the company’s journey from humble beginnings to becoming a trusted name in real estate and construction.

    “Our success is built on the values of transparency, integrity, and a relentless commitment to excellence,” said Excellent. 

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    “I am incredibly grateful to all our partners, clients, and team members who have made this journey possible.”

    In his address, Excellent highlighted the achievements of Hamrex and its subsidiaries, including Hamrex Securities, Hamrex Construction, UpNepa, and the Port Harcourt Real Estate Academy. 

    He emphasised the company’s dedication to innovation and client satisfaction, which has been key to its ongoing success.

    One of the highlights of the event was the recognition of the top-performing consultants, whose dedication has been pivotal to the company’s growth. 

    “I want to personally thank them for their unwavering support and hard work,” Excellent added.

    Looking ahead, the CEO expressed optimism about the future of Hamrex Properties, stating, “As we step into this new chapter with the opening of our headquarters, I am confident that Hamrex Properties is poised for even greater achievements.”

  • Surveyors seek more enforcement to curb quackery

    Surveyors seek more enforcement to curb quackery

    The Association of Private Practising Surveyors of Nigeria, (APPSN), a sub group of the Nigerian Institute of Surveyor(NIS), has stressed the need for concerted efforts towards dealing with the prevalence of quackery in the surveying profession through enforcement.

    The surveyors, who spoke at the 2024 Annual Professional Workshop and Luncheon, with the theme: “The practice of cadastral; Understanding the technicalities, ethics, market dynamics, policies, innovation/reforms, value added services and its politics,” urged  their colleagues to continuously abide by ethical standards by leveraging on technology to foster a sustainable and quality cadastral practices to provide reputable services.

    The guest lecturer, Olumide Adewebi, urged practitioners to shun sharp practice and other activities that could tarnish their image.

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    Adewebi, who noted that surveying is a competitive business, urged professionals in the state to break the cycle of regular undercutting and agent signing as well as a deliberate effort at addressing challenges of Cadastral practice in the state to ensure sustainability.

    He called for enhanced training, education and regulations to address quackery in a bid to further ensure growth and lucrative Cadastral practice in the State.

    In his welcome address, APPSN’s Chairman, Lagos branch, Ibikunle Adaranijo, said the aim of the event was to provide an opportunity to educate professionals on emerging trends, equipping them with knowledge and expositions in cadastral practice.

    He also solicited the support of all stakeholders in eradicating quackery in the profession, affirming his association’s determination not to relent on its campaign against the menace.

    “We will not relent on our campaign against quackery, even on our radio programme aired every Friday on Radio Lagos, we always harp on this and our effort is already yielding results”.

    “It is not only the issue of quackery that we are tackling, the issue of unethical practices are also given priority as well.”

    He recalled that recently, some surveyors in the Office of Surveyor General were suspended for one year over unethical practice and facing trial in court for their action. 

    “We will not relent in educating, training and re-training our members in order to meet up with current trends in the profession,” he said .