| Date | Title | Description |
| 02.08.2024 | Discovery Vitality's Bold Move: A Shift from Pick n Pay to Checkers | In a world where partnerships can make or break a brand, Discovery Vitality has chosen to pivot. The health rewards program, which has been a beacon for promoting healthy living among its members, has severed ties with Pick n Pay after a de... |
| 27.07.2024 | Shoprite Holdings becomes majority shareholder in Delta, Asaba, and Owerri Malls in Nigeria | In their 2023 annual financial statement, Resilient REIT disclosed the disposal of their stake in Resilient Africa, the joint venture between Resilient REIT (60.94%) and Shoprite Holdings (39.04%) that owns Delta, Asaba, and Owerri Malls.
T... |
| 19.07.2024 | Google-backed African startups have raised $266 million in 3 years – Report | African startups backed by the Google for Startups Black Founders Fund have collectively raised $266 million from VCs in the last three years.
This was revealed in a report by Google for Startups and Notion Capital, which measured the impac... |
| 05.12.2022 | VENCO raises a pre-seed round to help manage African properties
TechCabal’s 2021 Year-End report
Success! | As Africa rapidly urbanizes and develops, multi-unit property developments such as estates, gated communities, and shopping malls have become ubiquitous on the continent. These types of developments provide comfort and amenities to househol... |
| 04.10.2022 | Spleet secures $2.6M seed to scale its residential rent-focused products in Africa | The urban population of Nigeria constituted 48% of the country’s population, according to the United Nations. This indicates that 73.92 million Nigerians out of the estimated total population of 154 million people live in urban centres. |
| 17.09.2022 | Why real estate investors should pay attention to Africa currency shifts | --> -->
Zambia’s currency is currently featuring as the world’s best-performing currency and among Africa’s most powerful currencies. This follows renewed optimism into the country due to the new administration that has seen the count... |
| 15.09.2022 | Nigerian prop-tech startup Estate Intel announced raising of $500k Pre-seed funding last year | A US $500,000 pre-seed fundraising round was disclosed by Nigerian real estate data analytics platform Estate Intel, which has now expanded into a number of other African nations. Estate Intel was founded last year.
Estate Intel, which bega... |
| 06.09.2022 | 60 African startups receive $4 million equity-free funding from Google | Earlier today at the Transcorp Hilton Hotel in Abuja, Google announced that 60 African startups have been selected for the second cohort of its Google for Startups Black Founders Fund.
Each of the selected startups will receive support in t... |
| 05.06.2022 | Real Estate: What US$100,000 can buy you in African cities | --> -->
Growing rental demand, increasing supply and, in most cases, recovering local economies have seen Cairo, Dar Es Salaam, Johannesburg and Lagos emerge as the cheapest cities for residential property across Africa.
In general, A... |
| 10.04.2022 | 5 of Lagos’ largest abandoned construction projects | --> -->
In spite of the exciting growth we noted in Lagos’ development pipeline last year, there are still many projects that have stalled without prospect. For a number of reasons not limited to legal disputes, exhaustion of capital ... |
| 09.04.2022 | Construction has started on the largest United States Consulate General Office in the world | --> -->
On March 31st 2022, the groundbreaking ceremony of the proposed United States Consulate General Office building took place. The event had in attendance; Governor Babajide Sanwoolu, the current Lagos State Governor, Ambassador ... |
| 02.04.2022 | Why the Lagos healthcare sector remains poised for growth | --> -->
With a population of over 17 million people in 2021, Lagos’ demand for quality healthcare facilities continues to grow. We estimate Lagos has an average of 0.8 hospital beds to 1,000 of its population, 29% lower than the globa... |
| 26.03.2022 | Here’s what you need to know about Microsoft’s new office in Lagos | --> -->
Microsoft Corporation has just opened its African Development Center in Lagos, Nigeria against the backdrop of its market announcement made in 2019. The centre will form part of Microsoft’s US$100 million investment for two de... |
| 19.03.2022 | Why is Yaba a student’s accommodation hotspot? | --> -->
As development activity across the real estate sector in Lagos picks up, a key emerging hotspot has been Yaba.
As home to over 40% of the tertiary institutions in Lagos coupled with its fairly affordable prices, Yaba is the mo... |
| 07.03.2022 | Top 10 Architects in Nigeria (Highest Number of Projects on ei Edition) | --> -->
Over the past 12 months, iconic developments such as Cuddle by Cadwell in Ikoyi have come onto the market in a trend towards a rise in quality developments in the market. On this note, we highlight the top architects, by numbe... |
| 28.02.2022 | The Lagos data centre market is poised for growth | --> -->
Outside of South Africa, Lagos remains the largest data centre market in Africa recording increased white floor supply (space allocated for IT equipment) of over 9,000 sqm in 2021. Global institutional capital too, has been at... |
| 26.02.2022 | Three numbers that show you how bad the housing deficit in Lagos really is | --> -->
The GDP report by the National Bureau of Statistics explained that the Real Estate Services and Construction sector jointly contributed 9.40% of Nigeria’s real GDP in Q1 2021. Till date, a large portion of the numbers recorded... |
| 23.02.2022 | Pandemic Resilience: Focus on growth point | --> -->
Against the backdrop of the pandemic, institutional real estate investors have had to adopt different measures to drive returns and remain ahead of the curve. This trend has been reflected not only in the global real estate ma... |
| 19.02.2022 | Africa’s key markets: The legislative and policy changes investors need to know | --> -->
The mark of truly investible ready markets in Africa lies in their regulatory landscape. While African countries have ranked incredibly low in the global transparency index over the past few years, key landmark regulations pas... |
| 18.02.2022 | Four things you need to know about Africa’s first Student Accommodation REIT | -->
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Tags: Estate IntelStudent Accommodation REIT |
| 15.02.2022 | Real estate markets in Africa to watch out for in 2022 | --> -->
From increased foreign direct investment, shifting occupier patterns to ecommerce, 2022 is expected to be a record year for the real estate market in Africa. However, a divergence continues to exist in market performance acros... |
| 14.02.2022 | An overview of Asokoro residential market | --> -->
Asokoro is an upscale neighbourhood within the Federal Capital Territory (FCT), and about 3.6 km away from Abuja, the capital of the FCT. This neighbourhood is nestled underneath the well-acclaimed Aso Rock, surrounded by the ... |
| 18.01.2022 | Commercial real estate development activity increased by 19% in 2021 across Lagos | --> -->
Development activity across the commercial real estate sector in Lagos increased by 19% in 2021 compared to 2020 in a return to market activity in the city’s construction industry, according to the latest analysis by leading r... |
| 14.01.2022 | Lagos real estate projects under construction increased by 19% in 2021 – Estate Intel | --> -->
The real estate sector saw a 19% increase in the total number of projects under construction in 2021 relative to the year before.
This is according to the 2022 Lagos Pipeline Report by Estate Intel which described a summary of... |
| 23.12.2021 | African real estate private equity funds (2015 Vs 2021) – What has changed? | --> -->
In early 2015, we completed a spotlight on 5 private equity funds that were targeting sub-Saharan Africa as an investment destination. The perceived undersupply of prime commercial real estate and the opportunity to create hig... |
| 15.12.2021 | Softer pricing and prospect for growth is driving activity in the Ajah residential market | --> -->
Ajah is a low to middle-income neighbourhood that spans from Victoria Garden City (VGC) to Abraham Adesanya roundabout on the Lekki-Epe Expressway; and is also closely associated with the Badore and Langbasa areas. It borders ... |
| 08.12.2021 | 3 reasons stability in the formal retail space may take longer than we think | --> -->
Once the darling of the commercial real estate space, where optimistic private equity investors took high-risk positions, Nigeria’s retail industry has had it tough for the past few years. Even though it may appear that some s... |
| 07.12.2021 | Work on Africa’s tallest building, F-Tower commences | --> -->
Nearly 40 years after it was conceptualised, the construction of F Tower (Tour F) located within Administrative City, Abidjan, Côte D’Ivoire has commenced. The development received a major boost after the developer and project... |
| 07.12.2021 | Eko Development Company commissions the West Marina District and prepares to open the Azuri Office Tower | --> -->
Last month, the West Marina District in Eko Atlantic City was officially unveiled and commissioned. A Light Up Event for the Azuri Office Tower also took place on the same day. Present at the event were: The Lagos State Govern... |
| 25.11.2021 | Deep dive into the Ikoyi building collapse: Questions answered | --> -->
November 1 was a dark day for the Nigerian construction industry. With deaths edging closer to 50 people, the fall of the tallest tower in 360 Degrees Ikoyi is now easily among the most covered building collapse stories in the... |
| 23.11.2021 | Standard Bank pioneers $111 million Green Loan Refinance for Actis | --> -->
On the 17th of November 2021, the Standard Bank Group announced the closure of a $111m Green Loan Refinancing for two of Actis’ assets in Nigeria.
Since the recession in 2016, and the currency devaluation that ensued, the offi... |
| 20.11.2021 | Maitama is the Ikoyi of Abuja, here’s how the highbrow residential market is performing | --> -->
The Maitama District is located in the North-East region of Phase 1 in the Abuja Municipality, bounded near Aguiyi Ironsi road to the South and Murtala Mohammed Way to the North. The neighbourhood has a reputation for its larg... |
| 19.11.2021 | African Development Bank approves $60m financing for homes loan assistance programme | --> -->
The African Development Bank (AfDB) on Thursday 11th November 2021, approved a $60m (approximately ₦25Bn) financing for the Homes Loan Assistance Programme. The fund, according to the bank, will be managed by the Family Homes ... |
| 13.11.2021 | Decay in the Lagos Island business district has led to a gradual but mass migration to Victoria Island | --> -->
Victoria Island is the commercial core of Lagos, and home to a significant number of multinational firms, large indigenous companies and a host of small Nigerian businesses. Though it is known for being one of the regions with... |
| 12.11.2021 | Duchess International Hospital: All you need to know about Lagos’ 3rd largest hospital | --> -->
Last month, the Duchess International Hospital (Duchess), a subsidiary of the Reddington Group commissioned its 72-bed multi-specialist healthcare facility, located on the corner of Harold Shodipo Crescent and Joel Ogunnaike S... |
| 12.11.2021 | IFC partners Liquid Technologies on a $250 million deal to expand Data Centre Capacity in Africa | --> -->
The International Finance Corporation (IFC), a subsidiary of the World Bank, yesterday, announced a partnership with Liquid Intelligent Technologies, to expand its data centre capacity and facilitate the rollout of fibre optic... |
| 05.11.2021 | Marriott Hotels set to open two hotels in Lagos & Akwa Ibom | --> -->
Marriott International – the world’s largest hotel chain, is set to add 413 keys to their Nigerian portfolio through new hotels in Ikeja, Lagos & Ikot-Ekpene, Akwa-Ibom. The hotels were developed by SIFAX Group (Marriott, ... |
| 05.11.2021 | Here is why Ikate is rapidly emerging as another loved residential suburb in Lekki | --> -->
Ikate is an emerging middle income neighbourhood along the Lekki-Epe Expressway in the Eti-Osa Local Government. The region starts from Freedom Way in Lekki Phase 1 to the left, and Oniru to the right, and ends at the right si... |
| 05.11.2021 | Proptech is the new Fintech; here are Nigeria’s new 6 that have gone global! | --> -->
Technology is revolutionizing businesses and shaping industries globally. In the financial services industry, for instance, new generation companies are thinking outside the box, and are constantly exploring how technology can... |
| 05.11.2021 | Eris and IFC partner to tackle student housing | --> -->
Earlier this month, Eris announced a partnership with the IFC for their new student accommodation platform. The IFC intends to make a 150 million rand ($10 million) equity investment in Eris’ South African Student Accommodatio... |
| 05.11.2021 | Why isn’t there enough private investment in Lagos’ student housing market? | --> -->
Since the establishment of the University of Ibadan in 1948 as the first University in Nigeria, the strategy for the provision of student accommodation in Nigeria has been largely driven by the institutions themselves. Today, ... |
| 05.11.2021 | Over 1,200 residential units will be delivered on Freedom Way by 2024: Here is what it means for the market | --> -->
By the end of 2024, over 1,200 new residential units will be delivered along Freedom Way in Lekki Phase 1. The region’s growing relevance as a hub for residential and commercial activity alongside its affluent population is en... |
| 02.11.2021 | Oniru: Here is all you need to know about the residential suburb! | --> -->
Oniru, popularly known as Victoria Island extension, is a middle to upper-income neighbourhood in Lagos. Just like Victoria Island, Oniru borders the Atlantic Ocean to the south alongside other creeks and lagoons, providing a ... |
| 28.07.2021 | Shoprite out, Pick ‘N Pay in – The Nigeria strategy for S.A’s 2nd largest retailer | --> -->
At the beginning of the month, the Shoprite Group announced the completion of their exit from Nigeria after a few rough years in Africa’s ‘largest’ economy. As this occurs, Pick ‘n Pay, South Africa’s 2nd largest retailer by m... |
| 20.08.2020 | The BackEnd: Inside Estate Intel’s databank for Africa’s real estate market | The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the p... |
| 26.01.2019 | Estate Intel wins $10,000 during Pitch Storm at Techpoint Build 2019 | Share this article:
Estate Intel, an online platform that provides data, news and research for commercial real estate investors, has emerged the top startup at Pitch Storm 2019, thus winning $10,000 in equity-free prize money.
Pitch Storm i... |
| 05.09.2018 | Estate Intel is helping the commercial property industry in Africa make data-driven decisions | Share this article:
In the Jones Lang LaSalle 2018 Global Real-Estate Transparency index (PDF), which tracks the ease and confidence investors have in buying commercial real estate in a given country, the highest ranking African country is ... |
