CHIEF KOLA AKOMOLEDE is a graduate of University of Ife, Ile-Ife, where he obtained a B.Sc in Estate Management. He also has an M.Sc in Urban Land Appraisal from the University of Reading, U.K. He joined Tope Oloyede & Co. from 1979 to 1986 before he moved to the Lagos State Development and Property Corporation (LSDPC) as a Chief Estate Surveyor and Head of the Estate Department. He later rose to become the Deputy General Manager (Estates) before retiring in 1999 to establish his practice under the name Kola Akomolede and Company.
A new International construction cost comparison report released recently has revealed that the price of construction in Switzerland is 71 per cent higher than of the UK where costs were now more than 20 per cent below their peak price in mid-2008.
The Federal Capital Territory (FCT) Minister, Senator Bala Abdulkadir Mohammed, has given approval for the immediate allocation of two plots of land to the Independent Nationa Electoral Commission (INEC) for the building of houses for its staff in the Federal Capital Territory.
Sensing possible community unrest that could lead to disturbance of peace in the state, the Lagos State Government has waded into a land ownership crisis by raising a committee, giving the mandate to bring the warring parties to a roundtable.
With its target to create an efficient, sustainable facility to meet global health and safety standards, construction formally took off recently on the multi-billion naira Standard Chartered Bank Nigeria (SCBN) headquarters complex in Lagos, already being touted by its promoters as one of Nigeria’s green and energy efficient buildings that optimizes space and up-to- date technology.
The Saudis awarded a more than $1 billion contract for a spire that will soar two-thirds of a mile high, to be named the Kingdom Tower. It will have a Four Seasons hotel, serviced apartments, luxury condominiums and offices, encompassing, in all, about 5.4 million square feet.
United Kingdom-based multi-faceted property and infrastructure projects consultancy firm, Capita Symonds, has begun the construction of nine modular designed vocational colleges around the six geopolitical zones in the country.
To increase its investment portfolio as well as giving more empowerment to the nation’s citizenry, an insurance firm, Mutual Benefits Assurance Plc, has commenced construction work on a residential estate development valued at ₦3 billion.