The International Finance Corporation (IFC), a member of the World Bank Group, is considering a $2.75m investment in Trivitron Healthcare Africa B.V. (THA), a new medical technology company focused on the African continent. THA was launched earlier in the year by Trivitron Healthcare Private Limited, India’s leading medical technology company, together with the Investment Funds for Health in Africa (IFHA), a leading private equity investor in the healthcare sector in Africa. It will provide high-quality medical devices and instruments with reliable after-sales service support across Africa to improve access and affordability of medical equipment across the continent.
Read more on estateintel.com #estateintel#weloverealestate#weloveresearch
Knight Frank Kenya has been appointed as property manager for Actis’ Garden City Development in Nairobi following an agreement signed earlier this month.
Garden City is Nairobi’s first fully-integrated mixed-use development encompassing retail, residential and office space, all planned on 47 acres of land on Thika Road. The development offers 34,839sqm (375,000 sq ft) of retail space, which will be over 90% occupied after Shoprite opens in August 2018.
Read more on estateintel.com #estateintel#weloverealestate#weloveresearch
The skyscrapers of Nairobi sit on what was once a large swamp area popularly referred to as "a place of cool waters". Nairobi’s rapid growth has seen an increase in the number of modern shopping complexes completed and is also home to thousands of Kenyan businesses and over 100 major international companies and organisations, including the main coordinating and headquarters for the UN in Africa and Middle East. Nairobi is an established hub for business and culture. #skylinewednesdays#estateintel#weloverealestate#weloveresearch
#TrendingToday 📈 Twin Waters Entertainment Centre, Lekki Phase 1.
Location: Okunde Bluewater Zone, Off Remi Olowude Street;
Main Contractor: Telisol Limited;
Use: Mixed – Restaurant, Sports bar, Retail, Event Centre;
Project Managers: Conceptstruck Company Ltd.;
Architects: Conceptstruck Company Ltd.;
Construction Commencement: Q1:2015;
Opened: December 2017;
Read more on estateintel.com #estateintel#weloverealestate#weloveresearch
The Zeitz Museum of Contemporary Art Africa (Zeitz MOCAA) is located at Cape Town’s V&A Waterfront. It is a museum dedicated to contemporary art from Africa and its diaspora and was designed by internationally acclaimed designers Heatherwick Studio, based in London. The museum is housed in 9,500 sq metres of custom designed space, spread over nine floors, carved out of the monumental structure of the historic Grain Silo Complex. The silo, disused since 1990, stands as a monument to the industrial past of Cape Town and was at one time the tallest building in South Africa. #estateintel#weloverealestate#weloveresearch
Following extensive deliberations with stakeholders on the new rates payable by property owners under the Lagos State Land Use Charge (LUC) Law. The State Government on Thursday announced a major reduction in the rates and as well waived the penalty for late payments across board. More details to come... #estateintel#weloverealestate#weloveresearch
#Didyouknow The supply of commercial space in the Lekki Phase 1 region has grown annually by 38%, on average, since 2011. At the end of 2017, the stock of space in Lekki Phase 1 rose to more than 44,000m2. Over 23,000m2 of office space will be coming on stream in the Lekki Phase 1 in the next 12 months. The Ashimina development and the 4 floor office development on Admiralty Way are among the largest. #estateintel#weloverealestate#weloveresearch
Annual inflation in Nigeria fell to its lowest level in almost a year in February and slowed for a 13th month in a row led by decelerating food prices, The National Bureau of Statistics said on Wednesday that Core inflation was recorded at 14.33% in February, its lowest since last April, down from 15.13% in January. #estateintel#weloverealestate#weloveresearch
Nigeria is planning a spending surge as its budget has almost doubled since 2015. The country's President, Muhammadu Buhari proposed a 16% increase in spending this year to 8.6 trillion naira ($24 billion), maintaining focus on increasing investments in roads, ports and power, ahead of elections in 2019. However, the 2018 budget is yet to be passed by its Senate. #eiinsights#estateintel#weloveresearch
#TrendingToday 📈 Krispy Kreme opened its first store in Nigeria over the weekend at the Ikeja City Mall, one of Lagos' largest retail centres. The brand is planning to open a second location in a residential conversion on a major street in Victoria Island later in the year. The VI store is still under construction, but will be completed in a few months, however up to 18 more stores are in Krispy Kreme's pipeline over the next 5 years. Read more on estateintel.com #estateintel#weloverealestate#weloveresearch
Hilton Garden Inn is continuing its expansion into strategic African destinations through its foray into Kenya and other key emerging markets in the Middle East and Latin America. These openings will build on the brand’s 2017 momentum in which one-third of new openings were in international destinations. #estateintel#weloverealestate#weloveresearch
Standard Chartered’s Chief Financial Officer Andy Harold told Reuters last week that the bank has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis. In November 2017, it was reported that the two companies were in talks over a possible sale of the business, with approximately $700 million in investments across Africa and Asia. #estateintel#weloverealestate#weloveresearch
Last month, Marriott Golf, the global golf division of Marriott International, Inc., announced it had signed a deal to manage yet another golf resort property. The Arabella Golf Club is the latest addition to Marriott’s golf resort portfolio. It is Marriott’s first-ever managed golf resort property in South Africa. #estateintel#weloverealestate#weloveresearch
Join us on Twitter tomorrow (Saturday 10th March 2018) at 3:00pm for our first #eiTweetChat where we will be discussing key issues concerning the Lagos Land Use Law, Land Use Charge and also (try our best) to provide answers to questions you may have. 🙂
Rendeavour announced via press release that The Oxford, Appolonia City’s first turnkey residential development, has sold 85% of its first phase, with a group of homeowners expected to move in this year. #eiNews#Africa#Ghana#RealEstate
An insight for the Week: In May 2015, Pivotal acquired a 37.1% stake in the US$104m Wings Towers joining Oando and RMB Westport as a new joint venture partner for the development. The Wings Towers offers a total of 27,000 sq.m of prime office space in Lagos’ office market. Current and incoming tenants include Rand Merchant Bank, Payd (Clickatell), JLL, Oando and a few others. #estateintelinsights#estateintel#weloverealestate#weloveresearch
#WeekendViews Great night time shot of the Heritage Place, Ikoyi. 📸
This ultra-modern, eco-friendly building is Nigeria's one of the most advanced development, employing the latest building principles and state-of-the-art finishes.
Primrose Development Company
#TGIF This week's property obsession is the elegant and contemporary, One Airport Square, a mixed-use development in the growing commercial district of Airport City in Accra, has been designed not just to meet this need, but to redefine standards and expectations.
On completion in 2014, It was first green-rated building in Ghana. The project was designed by the award-winning sustainability architect, Mario Cucinella.
The delivery of One Airport Square was managed by Actis' portfolio company, Laurus Development Partners.
One Airport Square is a joint venture between Actis and Myma Belo Osagie of Boston Investments Limited.
Cost: $62.5m; Stanbic Bank Ghana Limited and The Standard Bank of South Africa Limited partially financed it with a $31.2m medium-term loan facility. #estateintel#weloverealestate#weloveresearch
UTKSIS STUDENT HIGHLIGHT | User Experience & Assessment Graduate Student Connor Esterwood: ”I research and design people's experiences with the world around them in an effort to improve those experiences. I mostly focus on experiences surrounding the virtual world and emerging technologies but, as the line between the virtual world and the physical world increasingly blurs, I find myself applying new and more holistic approaches to user experience research methodologies. I find that the study and implementation of these methodologies excites me and stimulates new modes of thought that extend the applicability of human centered design & research practice.
Recent projects I have been part of include working on a BCI (Brain-Computer Interface) and dabbling in Virtual and Augmented Reality.
In the future, I hope to continue my research on emerging technology and user's experiences with this technology. The ideal job is one where I am able to exercise creative control over my research but am also bound by practicality and application. Someone has to look at the way that technology impacts us and I seek to do just that. Adopting a human centered approach while engaging in this research is what I see as the best bet for ensuring that our future relationship with technology remains fundamentally positive.” @cesterwo @utklibraries
Emerging Trend - Lekki Phase 1 which was planned as a residential gated community but is transforming into a commercial hub. Uptake and supply of commercial space in the region has grown annually by 38%, on average, since 2011. At the end of 2017, the stock of space in Lekki Phase 1 rose to more than 44,000m2. One of the latest additions to the area is the GTBank Branch, Admiralty Way. Check out our article on the completed project on estateintel.com #estateintel#weloverealestate#weloveresearch
Preview of our latest report. 😱🏢📊💰. 2017 had the lowest building completions in 3 years. The year 2018 will seemingly be another big one for building completions in the Lagos office market, which are forecasted to come in at 20% of total stock. Link in our bio. Check it out now! #estateintel#weloverealestate#weloveresearch
Earlier this year, Lordship Africa unveiled the 3D model of the long-awaited 44-Floor Residential Condo in Upper Hill, Nairobi. Read the full report on estateintel https://goo.gl/xRYW3P #estateintel#weloverealestate#weloveresearch
Welcome to March Everyone! With a lot of commercial projects underway, 2018 appears to be another big one for building completions as ±127,000m2 is already in the development pipeline. Read our latest report on the Lagos Office Market on our website. Link in bio 👆🏼 #estateintel#weloverealestate#weloveresearch
#ThrowbackThursday : This project is now a 6,000sqm retail development in Lagos, Nigeria.
Name: Swipe right to find out!
Location – Ikorodu Road
Developers: Purple Capital Partners;
Debt Providers: Stanbic IBTC Capital and AXA Mansard Investments;
Architects: CMDesign Atelier;
Cost: $25 million
Completed: June 2016
Find out more about this project on estateintel.com #estateintel#weloverealestate#weloveresearch
#Update Development: Cash Craft Building, Murtala Mohammed Way, Yaba – Lagos. This 5-floor office development is located on Murtala Mohammed Way in Yaba is now fully occupied by Cash Craft. It was designed by Planearth Associates and the main contractors for the project is Petabat Nigeria. #estateintel#weloverealestate#weloveresearch
#eiNews UBN Property Company Plc, a Union Bank of Nigeria subsidiary, has now been listed on the NASD following its approval to trade on the OTC Market. There are currently 5,626,416,050 UBN Property Company shares listed at ₦2 each, giving the company a market cap of ₦11,252,832,100. According to ProShare, the security was introduced by Equity Capital Solutions Limited by way of Security Admission. #estateintel#weloverealestate#weloveresearch
#eiNews LASG via a press release yesterday said that construction of the first phase of the Ilubirin Housing Scheme will be completed by end of 2018 while sales to the public would commence Q1, 2019. Progress on the development had been stalled due to limited budgetary provisions however a PPP agreement had be reached with FIDC to fully realise the vision of the project. Visit estateintel.com for all the latest updates on the Ilubirin Housing Scheme.
#DidYouKnow South Africa, africa’s most advanced economy has the highest number of high net worth individuals. Meanwhile the number of multi-millionaires in Nigeria slightly decreased when it faced an economic downturn. Smaller economies like Mauritius, Algeria and Ethiopia have seen an increase of high earners, albeit from a lower base. High-net-worth individuals, are measured as having assets worth $1 million and more. Find out more on estateintel.com #estateintel#weloverealestate#weloveresearch
Property value growth in Cape Town is on the decline, new data shows. While it may be too early to assess the real impact of the water crisis on the Cape Town property market, According to new data released by Standard Bank SA, house price inflation in Cape Town slowed to 9.7% in Q4,2017 and all indications are that the slowdown is likely to continue this year. While Cape Town's property price growth still outperforms growth in other cities across the country, Standard Bank reports it is well below the 15% highs experienced in Q1,2016. #estateintel#weloverealestate#weloveresearch
HILTON (NYSE: HLT) is committing a total of $50 million over the next five years towards its Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio by converting around 100 hotels (roughly 20,000 rooms) in multiple African markets into Hilton branded properties. One of the hotels to benefit from this initiative is the DoubleTree by Hilton Kigali City Centre. Previously known as the 153 room Ubumwe Grande Hotel, the property will trade under the upscale DoubleTree by Hilton brand when it fully converts in 2018. The hotel will undergo some changes in order to rebrand and will be Hilton's first property in Rwanda. #estateintel#weloverealestate#weloveresearch
Our 40th Annual Research Symposium featured a myriad of award-winning researchers and presentations, including these User Experience and Assessment projects from our graduate students at SIS. Both projects tied for first place at the Charleston Library Conference.
Links to both projects and student/faculty involved are below: “Library Space: The Final Frontier or the Next Generation? Assessing Active Learning Space in the Academic Library”: http://bit.ly/2Cnwlbg “A Prologue to Planning: Assessing Use of an Academic Library Graduate Student Study Room” : http://bit.ly/2GfCSHd
A study we did with Regional Educational Laboratory Southwest found that about 20 percent of public school teachers in Texas leave their school every year, a figure that grew by more than 3 percentage points between the 2011-12 and 2015-16 school years.
Slightly more than half of teacher mobility in each school year was due to teachers leaving Texas public schools altogether. However, the proportion of mobility due to teachers moving between districts more than doubled over the study period.
Teachers with special education certification left Texas public schools at nearly twice the rate of teachers with other teaching certifications. Schools with higher proportions of special education, low-performing, and racial/ethnic minority students were associated with higher teacher mobility rates, while schools with higher proportions of English learner students were associated with lower rates. Schools with higher overall teacher ratings on the Texas Teacher Evaluation and Support rubric tended to have lower teacher mobility rates.
Message us if you’d like us to send you the report!
Vesper.ng is a virtual real estate assistant using AI and machine learning to automate the African real estate service industry.
Vesper will be starting with homeownership, but many more features are coming soon.
Vesper.ng is a property of Vesper Real Estate Limited, a company duly registered with the Corporate Affairs Commission, Nigeria with RC Number: 1449090. Vesper Real Estate Limited is a part of the Vesper Africa Group, the same team that established Estate Intel Limited.
Visit Vesper.ng to test the beta version and VesperAfrica.com for more on the Vesper Africa Group.
We were at the West African Property Investment Summit earlier today! Join us tomorrow at Eko Hotel where Dami & Dolapo from the ei Team will be speaking on panels on hospitality and data! Looking forward to seeing you 😁