A.T. Kearney’s 2015 African Retail Development Index (ARDI) placed Nigeria in 4th position, two places lower than its ranking in 2014 as a result of comparatively low true spending and difficult business environment. The Index covers the top 15 retail markets in Sub-Saharan Africa (SSA), ranking each on a 0 to 100 point scale, where a higher ranking means greater urgency to make an entry into the country. The scores were based on market attractiveness, country and business risk, market saturation and time pressure. Read More
The real estate sector have always been a growing sector and has recently become one of the most profitable sectors of the Nigerian economy. The growth rate of this sector in recent times can be attributed to various factors including an expanding middle class, foreign direct investment and others.
According to the Managing Director of The Infrastructure Bank (TIB), Mr Adekunle Oyinloye, while delivering a paper at a business forum in Lagos, the sector is expected to grow by 10 per cent annually in the next 10 years. He also stated that according to the Nigerian Bureau of Statistics, The Nigeria real estate market was valued at approximately N1.4 trillion in 2011 and has risen to N6.5 trillion in 2015. Read More
The amount of office space under construction continues to grow as developers increasingly make bets that the requirements for prime office space in Lagos will rise. Some of the contractors/construction companies helping these developers build their assets have emerged as market leaders and this infographic seeks to illustrate this. Based on available data collected, this infographic ranks the contractors changing Lagos’ office skyline by number of office projects and size of leaseable office space under construction/constructed.
Over the past 5 years buildings like Churchgate 1 & 2, KPMG Tower, Eko Tower, Sapetro Tower, NITEL & Union House have defined Lagos’ office property skyline. New office development projects like the Civic Center Tower, Heritage Place, The Wings and Nestoil Tower among many others coming up across town are beginning to transform the city’s skyline. Read More
The construction industry has always been plagued with the issue of how to cut costs and save time while maintaining the quality of the building that will be constructed. The answer might be just around the corner as a company in China, The WinSun Decoration Design Engineering Co has discovered a new way to build quality houses while saving time and cost.
3D printing has begun to take over almost any form of construction including the basic industries. The question is whether it will also take over the building construction industry or not. Will the quality of the construction march that of the present day construction method? Will it be affordable? Will it be acceptable? These questions and more are some of the questions that will be answered as this invention takes hold. Read More