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Nigeria Properties (News and Events)
Lagos plans new private developer scheme, target N5.15b as land revenue
Plans are underway by the Lagos authorities to increase the housing stock by introducing a fresh private developer scheme. The scheme mooted by land Services Directorate of the Land Bureau is targeted at prospective buyers that have put in place infrastructure to start immediate development.
Under the programme, the state has allocated 18 applicants land between 2006 and March 2008. The development is coming on the heels of a budgetary allocation of N680 million for the payment of compensation claims.
The permanent secretary, Land Bureau, Mr Gbenga Ashafa, who made the disclosure at the "Year 2008 Ministerial Press Briefing" of the agency in Alausa recently state that the Land services Directorate, a department in the agency, was targeting N5.15billion, as the expected revenue for ...
Cappa & DAlberto bags N1.3b Cornerstone Tower contract
One of Nigeria's leading insurance firm, Cornerstone Insurance Plc has announced its plans to commence construction activities on its new corporate headquarters office on Victoria Island, Lagos, worth N1.350 billion.
Contract for the 10-storey building new office has been awarded to the constructon giant, Cappa & D'alberto. The project is located at the Oniru Estate, behind Mobil illing station and occupies a land space of 4,600 square metres. Among the consultants are Siji Dosekun partners, an architectural firm. The edifice will be completed in 80 weeks.
Project Director, siji Dosekun Partners, Mr Tito Minty, said the feature of the ofice complex includes a farame structure with open space in each floor. The are alsotow main entrances. Each of the entrance will have two stairc...
Oasis commissions N259m Honeyland Estate and others
Indeigenous develper,OMF properties Limited, a subsidiary of Oasis Savings and Loans, has completed the development of two 'sites and services' residential schemes, located at Ofada, near Mowe village, in Owode Obafemi Local Government area of Ogun State and Isiu in Ikorodu area of Lagos Sate. Both schemes are now reasy for commissioning.
The Mowe project, named Honeyland Estate is a N59 million scheme sitting on 50acres of land, while the N100 million Isiu project named "Honeyland Park", occupies a 300 plots and offers sitesand services options. TheMagodo site, which development is a an on-going one, is valued at N100 million.
By the weekend, 170 units of the 210 plots at the Omupenpe, Ofada scheme had been sold, while the remaining 40 plots were reserved for a housing project ...