Real Estate Projects Changing Nigeria’s Landscape


When it comes to real estate projects in Nigeria, pundits within the property space are optimistic that 2019 will experience a major boost in Africa’s largest populous nation. Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted. Gross domestic product in Africa’s largest oil producer expanded by 2.01% in the three months through March from a year earlier, the Abuja-based National Bureau of Statistics said in a report published on its website last month. The position of most experts is that with a visibly improved economy, the Nigerian property market will be on the path of witnessing a rebound from the uncertainties that plagued the sector in 2018.

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June 25, 2019 Nigeria

15 Countries, 400 Exhibitors Set For Abuja Int’l Housing Show

SOURCE: abuja international housing show 2019LEADERSHIP MAGAZINE 

About 400 local and international exhibitors in 15 countries are expected to showcase their products and innovation at the forthcoming Abuja International Housing Show (AIHS).

This is even as over 20, 000 participants from Nigeria, USA, UK, UAE, South Africa, Kenya, Ghana, India and China have confirmed participation for the Show.

Vice President, Prof Yemi Osinbajo is expected to declare the event open and would be flanked by special guests of honour like Governors of Lagos, Kaduna and Edo; Presidents of all housing and construction professional bodies, as well as Chief Executive Officers (CEO’s) of Corporate organisations. Continue reading
June 11, 2019 International

EchoStone Breaks Ground In Green Affordable Housing With IFC’s Edge Certification


International provider of affordable housing solutions, EchoStone, has earned EDGE certification (“Excellence in Design for Greater Efficiencies”) for 251 residential properties in its Peridot Parkland Estate. The certification, presented in Lagos by EDGE certifier thinkstep-SGS, marks the first residential housing development to be certified in Nigeria.

An innovation of International Finance Corporation (IFC), EDGE is an online platform, a green building standard, and a certification system for over 140 countries. EDGE was created in response to the need for a measurable solution to prove the financial case for building green and help jumpstart the proliferation of green buildings. EDGE empowers building professionals to quickly and easily determine the most cost-effective ways to build green based on occupant behavior, building type, and the local climate.

As a global EDGE Champion, and partner of the IFC EDGE Green Buildings Market Transformation Program, EchoStone has shown a tremendous commitment to reshaping the affordable housing market through sustainable practices. Following their inaugural projects in Badagry, Alimosho, and Ikorodu, EchoStone plans to build an additional 100,000 units across Nigeria over the next five years. Continue reading
June 4, 2019 International

NIESV Nominates Affordable Housing Provider for Honours Nite Award


The Nigerian Institute of Estate Surveyors and Valuers (NIESV) of the Lagos State Branch has invited EchoStone, an international solution provider focused on affordable housing, to their 13 Honours Nite Awards. Furthermore, EchoStone Nigeria has been nominated for “Most Innovative Building Material in The Industry.” The event is scheduled to be held in Lagos Thursday, May 23, 2019.

In the invitation, NIESV says the exclusive event will host 250 guests, including Special Guests of Honour, Mr. and Mrs.Babajide Sanwo-Olu, Governor-Elect of Lagos State and his wife. In the past, this ceremony has shared awards of excellence with “deserving icons and huge contributors to the growth of the real estate sector in Nigeria.” Continue reading
May 21, 2019 Nigeria