Increased activity expected in Lagos prime office market, says report

According to Knight Frank’s 28-city composite index, which tracks office rental performance in some of Africa’s most prominent cities, prime office rents remained stable during Q1 2021, but were up two per cent year on year.

In Nigeria, occupier demand increased in the first quarter of 2021 as the country officially exited recession, reflecting pent up demand by businesses for prime space….Read more

What Abuja Land Swap initiative means for real estate sector, investors

Apart from freeing government land for economic activities such as real estate and industrial development, the initiative also solves one of the major problems of urban or city development which is the provision of a good network of roads and associated infrastructure….Read more

Exploding Global E-commerce Growth Requires 1.5 Billion Square Feet of New Distribution Space

Globally, e-commerce sales are forecast to rise by $1.5 trillion in this same time period, requiring an additional 1.5 billion sq. ft. of warehouse/distribution space to accommodate this growth. The U.S. and Mainland China are the biggest e-commerce markets in the world, accounting for 57 percent of global internet sales…. Read more

Commercial Lending Attitudes Improving in Japan

Total real estate investment volume in 2020 reached JPY 3.98 trillion, up 9% y-o-y. 44% of equity investors who replied to CBRE’s 2021 Japan Investor Intentions Survey indicated that they planned to increase their real estate investment volume this year, up one point from 2020.

CBRE’s survey recorded a significant y-o-y decrease among those lenders who answered, “real estate prices will fall”, “LTV ratios will increase” and “spreads will widen” over the upcoming year…. Read more

The World At Work

The pandemic has revolutionised the way people view their office across the globe. We look at how office life is evolving in China, the US and France….. Read more

Ten of the smallest houses in the world

Size is a subjective thing when it comes to living space. What one may consider as adequate at 2000sq feet another may find largely missing when it comes to some eccentricities, such as game rooms, man caves, and extra guest bedrooms. There is some folk who have adoration for small homes, preferring them to larger mansions, even when money is not a factor…. Read more

OWN PART OF PROPERTYGATE CENTRE, LEKKI PHASE 1

Propertygate Centre is a prestigious office development located in the Central Business District of Lekki Phase 1, Lagos. Stunningly elegant, it combines contemporary architecture, efficient space design, tasteful finishing, and top class facilities.

Ground and typical office spaces

• Mini office space on ground floor of approximately 20m² with convenience.
• 30 open plan office spaces on first to fifth floor, each measuring between approximately 96m² – 147m², and complemented with adequate convenience.
• Flexibility in floor designs to enable integration of spaces into larger ones.
• Total useable office space per floor – up to 780m²…. For enquiries please read more

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