Officials of the Lagos State Building Control Agency (LASBCA) and the Lagos State Environmental and Special Offences Unit (Task Force) have commenced the demolition of buildings on Banana Island that are in contravention of the Lagos State Urban and Regional Planning Development Law (2019). The exercise is in compliance with Governor Babajide Sanwo-Olu’s directive last weekend when he visited the …

In a bid to bridge the skilled workers’ gap in the construction industry and curtail the incessant building collapse, operators in the sector have advocated the resuscitation of technical colleges and craft schools in the country. To address this challenge, ELAN Expo Nigeria, in collaboration with other agencies in the built environment  will be focusing its seventh International Construction Building …

Lagos State Governor, Mr. Babajide Sanwo-Olu has ordered the immediate demolition and sealing of many completed and uncompleted buildings with various building infractions and those that were not granted appropriate approvals for construction by agencies of government. His order was carried out immediately by officials of the state Building Control Agency (LASBCA), who immediately marked the affected buildings for demolition. …

Banana Island, Ikoyi, an upscale neighborhood in Lagos, lost its tranquilly on Wednesday when a seven-story structure under construction fell. Like the Harmattan fire, the news travelled swiftly as rescue personnel rushed to the scene to free those who were buried beneath the rubble. While some of the victims were taken to the Lagos Island General Hospital, others were admitted …

One body has been recovered from the rubble of the collapsed seven-storey building at First Avenue, Banana Island, Ikoyi, according to the Lagos State Emergency Management Agency (LASEMA). According to a statement on Friday by the state Commissioner for Information and Strategy, Mr Gbenga Omotoso, the search and recovery efforts of LASEMA workers’ unearthed the remains of the adult male …

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 …