News - Nigeria Property Centre - Page 9

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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.

The Guardian learnt through Capita Symonds’ web portal that the project consists of developing nine Capita Symonds designed modular buildings in Nigerian schools. The Skills Training Vocational Education Project (STVEP) supports the Federal Government of Nigeria’s poverty reduction initiative which seeks to expand access to basic non-formal vocational skills education. In particular, the project will encourage more women, as well as disadvantaged marginalised groups, to access STVE opportunities and will also contribute to the government’s bid to achieve UN Millennium Development Goals.

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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.

The estate, located within Costain area of Mainland Local Government Area of Lagos State, a suburb lying on the fringes of Surulere/Mainland Local Government borders of Lagos State, will be christened as Mutual Alpha Courts when completed.  Owned by Mutual Benefits Assurance Plc, the project is being handled by its subsidiary, Mutual Homes & Properties Limited.

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As the burden of planned eviction from the Federal Government keeps giving the over 700 occupants of Lagos Transit Village, Victoria Island sleepless nights, the residents in the government property are calling for due process over the move.

They are also appealing to President Goodluck Jonthan to intervene in the matter and save their families from untold hardship anticipated in the event of the eviction. Their call came amidst growing concern among dwellers over the manner the government has been handling the proposed taking over of the property.

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Following concerns by subscribers of the Egan-Igando millennium scheme on the delay in the delivery of the project, fresh efforts are underway to resurrect construction activities in the 1,350-unit Housing Estate in Alimosho area, Lagos State.

The new lease of life for the abandoned scheme is courtesy of the state’s new Housing Commissioner, Mr. Bosun Jeje, who announced the take over of the six-year old project from the contractors as part of his blueprint to make housing accessible and affordable to the citizenry.

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The real estate sector perched on the brink of history recently, when investors launched an ambitious property development scheme geared towards realising a long time dream of establishing a World Trade Centre (WTC) in the Federal Capital Territory, Abuja.

Projected by the promoters, First Continental Properties Limited, a subsidiary Churchgate Group to cost ₦156 billion, the development, which will feature the iconic 37 storey World Trade Centre towers is a multi-use complex, comprising luxury high rise office towers, luxury apartments, conference facilities, capital city shopping mall and entertainment facilities. The project is being financed with private funds as well as local and foreign finance institutions backing.

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New kinds of posh homes are up for grabs in Ikoyi, tagged Nigeria’s haven for the rich in Lagos, which redefines class and luxury living. It is said to be one of the most sought after properties for people that value elegance, design and quality.

The luxury homes is located on a 3,875m2 land at Alexander Avenue. The property is set to take in about 50 per cent of its occupants in some weeks time. Tadop Properties Limited doubles as developer and promoters of the project.

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We have officially launched the first version of our mobile website. All you need to do to access the mobile version of Nigeria Property Centre is to browse www.nigeriapropertycentre.com from your mobile phone.

Our mobile website allows property seekers using their mobile phones to search for property on Nigeria Property Centre easily navigate through the list of properties to find what they are looking for. This launch has come about as a result of the high traffic to our website from mobile devices. We are dedicated to ensuring that property seekers have the best possible experience on Nigeria Property Centre while searching for property.  We will be adding new features to the website over the next couple of months so keep an eye on this space.

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Higher income bracket subscribers will again have a pride of place under the government’s dream project to increase the housing stock in the country.

The new efforts is being anchored by the Federal Housing Authority (FHA) under the public private partnership Scheme, planned to ensure greater efficiency in housing delivery and ensure injections of private sector funding into public sector. The authority adopted the models in 2009 when Terver Gemade headed the new management.

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Like the start of a whirlwind, the heavy downpour came; when it settled eight hours later last Sunday, virtually all properties in every part of Lagos was inundated with water, leaving luxury homes submerged and inhabitants counting losses. But today, with the list of ‘victims’ growing, incident exposing and ridiculing the under belly of the city’s drainage master plan, real estate experts are singing different tunes on the probable effects on rents and property values on the affected areas.

The occurrence of such heavy rainfall and subsequent flooding has not only raised the issue of climatic change and the effect on the environment but also the more local issues of the impact on residential property development, residential property values and the ability of residential property owners to gain both finance and insurance for their properties.

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A one-day seminar on ‘Property Taxation in Nigeria’ organised by the International Real Estate Federation (FIABCI), Nigerian Chapter, will hold at the Golden Gate Restaurant, Kingsway Road, Ikoyi, Lagos today.

The President, Chartered Institute of Taxation of Nigeria, Mr. John Jegede will chair the programme.  Speakers will include the chairman, Federal Inland Revenue, the chairman, Lagos State Internal Revenue and Mr. Chudi Ubosi, an estate surveyor and valuer.

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