The Lagos State Government has launched a probe into the collapse of a seven-storey building under construction on Banana Island, Ikoyi, following a directive by Governor Babajide Sanwo-Olu. According to a statement by the Commissioner for Information and Strategy, Mr Gbenga Omotoso, no death was recorded, while 25 people were rescued from the debris, as at the time of his …

The International Facility Management Association (IFMA) Nigeria Chapter has elected an estate surveyor and valuer, Mr Olalekan Akinwumi as its 14th president. Following the election, which formed part of the body’s Annual General Meeting recently, Akinwumi succeeded Mr Segun Adebayo. In his valedictory speech, Adebayo appreciated the collaborators, sponsors, partners, and everyone who contributed to the success achieved under his leadership …

In Elekahia community, Port Harcourt Local Government Area of Rivers State, hundreds of residents have pleaded with Governor Nyesom Wike for help after their homes were completely destroyed by a fire outbreak. There was a fire incident at about 8:30 am on Friday following an explosion, which was suspected to have resulted from a kerosene explosion. The fire razed houses …

UPDC Real Estate Investment Trust (UPDC REIT), the largest real estate investment trust in Nigeria by market capitalisation on the Nigerian Exchange Limited, has announced a 2021 final distribution of one kobo per unit and 2022 interim distribution of 17 kobo per unit to its unitholders. According to REIT Fund Manager, Stanbic IBTC Asset Management, distributions will be paid to …

Mixta Africa, one of Africa’s major real estate firms, has secured development financing of N8 billion from pan-African finance institution, Shelter Afrique, which exclusively supports the development of housing and real estate sector in the continent. The funding will enable Mixta to expand the delivery of affordable housing in Nigeria. The company is executing the 1000-unit Marula Park project, a …

The Nigeria chapter of the International Facility Management Association (IFMA) has stated its commitment to provide leadership and direction in the built environment through innovative initiatives that include the use of technology, specialised trainings and strategic collaboration. This, it believed, would translate to the actualisation of a transformative future in the sector. While addressing stakeholders and other guests at the …