Refined Magazine

REFINED PostSquare Tower

One6 Temple

Greystone Tower

Nestoil Tower

1

2

3

4

5

Lease Renewal

Competence and Expertise

Lease Clauses

Strategy Vs Transaction

Time

COMMERCIAL PROPERTIES The Devil is in the detail

It is during our darkest moments that we must focus to see the light.

- Aristotle -

COLLABORATION; The New Competition WE SHOWED NIGERIA TO THE WORLD In October 2017, as the recession gradually ebbed, Fine & Country in partnership with other visionary businesses; Business Day, Eko Atlantic, Landmark Africa took the audacious step to show Nigeria to the world- with a distinguished representation of properties and projects. Our objective was clear; educate, inspire & ignite the confidence of Nigerians in the Diaspora. We were honored with the presence of industry leaders & real estate experts at the Landmark Hotel in London, UK. Fine & Country had on display several profitable & iconic projects- from the Eko Atlantic; a first of its kind in the industry to the Greystone Towers; with its signature organic & warm glass façade; the Diaspora investors were very impressed with the projects on display as we got interests & commitments from those who had been looking forward to investing in Nigeria but had not found a suitable opportunity.

PARTNERING FOR LEADERSHIP

A

s the Nigerian economy slowly regains its breath; credit to the various economic resuscitation efforts through a stinging recession and expected or unexpected economic downturn- Fine & Country remained focused on presenting Nigeria as a beacon of opportunity versus the ailing reality that was presented in the media, economic journals & the general public. We remained visionary; we looked beyond the now & continue to focus on creating opportunities in an otherwise bleak economic landscape.

As part of our commitment to building a cutting edge/world class real estate industry in NigeriaFine & Country’s Institute of Real Estate Excellence in collaboration with Lagos Business School has developed a front-line curriculum for industry professionals as well as industry enthusiasts. This program- billed to kick off in 2018 is aimed at developing outstanding real estate leaders.

In advancing this vision- the first Real Estate Outlook event was held on February 6 at the Lagos Business School and in conjunction with BusinessDay; hosting about 100 industry stakeholders, leaders& experts who provided high level insights, opportunities and projections for the real estate industry in 2018. The interactive sessions provided an opportunity for real estate stakeholders to ask questions, share ideas & cross pollinate ideas in preferring solutions to pertinent industry issues

COMING SOON

In Real Women Invest in Real Estate, you’ll learn how: • • • • •

To climb the real estate ladder with ease and expertise.

Spot the right real estate opportunities and make money in any market at any time Develop the entrepreneurial skills required to succeed in real estate investing.

Evaluate the right locations and types of real estate market to invest in.

Enjoy the Stiletto Edge and understand why women have an advantage in real estate investing.

Call: 08096000045 to Pre-Order

COLLABORATING FOR FINANCIAL PROGRESS The Finer Wealth Club is a gender-based initiative of Fine & Country to give a unique access for women interested in investing in real estate- from entry level first timers to astute investors who already have a growing portfolio. This women-only investment club presents a unique opportunity for resource platform for women and their families to gain access to trusted real estate insight and opportunities, and to achieve better returns through collaboration.

The Club was launched on March 1st at The Finery, Ikoyi and aims to build a community of women with shared vision, shared valued & shared profit.

Our other progressive platform is The Power Brokers Circle. The vision of the Power Brokers Circle is to educate, empower & connect real estate brokers with other real estate professionals while providing a platform for networking, business development and mutual financial fulfilment. Fine & Country has hosted two editions; with topics ranging from ‘The Psychology of Selling’ with Lanre Olusola to Confidence, Competence & Connection as the flagship topic.

It is our firm belief at Fine & Country that the future belongs to those who dare to co-create it.

This is our underlying philosophy in building the future of Real Estate in Nigeria; through creating learning & leadership platforms which is part of our focus in 2018 as we approach our 10th year Anniversary in the region.

Udo Maryanne Okonjo

LLM, Lond.

Vice Chairman Fine and Country International W.A Member of the Oxford Real Estate Society.

Urban and emerging markets: Where will the money go next? ments where demand is driven by young professionals, top company executives and consultants to blue chip companies. These apartments are generally located in good locations from where the occupants can easily connect other places in the city.

The stability in the foreign exchange market and the easing of inflation rekindling interest in retail business once again. Nigeria had experienced what could pass easily as a revolution in the retail market. But with the economic recession came the naira devaluation which increased the rate of exchange of naira to the dollar; there was an increase in the price of the goods stocked which were mainly imported; there was the issue of inflation which peaked at 19 percent; there was also rising unemployment and falling salaries which together crimped individual and household disposable income.

All these left the market struggling low footfalls, high vacancy rate, and reduced investment in mall development.

W

hen an investment question is thrown at a casual observer of activities in the Nigerian real estate market, given the challenges in the domestic economy and the impact they have had on individual and corporate income, you are sure to get answers in terse statements such as ‘no more hope for investors’, ‘who is still talking about investing in real estate?’, ‘where are the opportunities?’.

But these are to be expected from the uninformed, a non-initiate and a total stranger who will always enter a big and complex structure from the back door, gets confused and gets lost midway.

Nigeria has gone through a major recession, one that actually brought the economy to its knees. The recession actually hit the various sectors of the economy, especially real estate, hard. But that recession did not and could not have altered the strong fundamentals that make the country’s real estate market a compelling destination for both domestic and foreign investors.

The country remains a big market for investors with its large and growing population currently estimated at 180 million; it is still one of the top three economies in Africa and the top two in Sub-Saharan Africa; the housing deficit in the country is still as deep as 17 million units and it is projected to hit 40 million units by 2050 when the population is also projected to be 400 million.

On the strength of this, investment will continue to happen in this market; private capital will continue to find its way into the country. But where will money be going next; where will investors be putting their money profitably now after the tiny narrow market—the luxury high end— which enjoyed the most of investments in the market, has suffered a major setback that could best be described as a crash? Udo Okonjo, CEO/Vice chair, Fine and Country West Africa, volunteered an answer in a recent chat. “There are still pockets of opportunities within prime locations at the very high end for investors who are interested and financially capable of building ‘legacy or trophy projects”, she said. “But in the rest of the market, residential buildings now need to be re-designed to fit the present-day reality”, she

added. One of the trends, she explained, was certainly towards apartment style. She pointed out that market intelligence was, increasingly, pointing towards good value and convenience which does not mean the same thing as low-quality housing.

An important trend where investors’ money can go next is millennial housing. This needs to be explored further as millennials begin to come into the housing market with more functional requirements in terms of unit sizes and facilities. This market is important for residential developers with opportunities to target first time homeowners and buy-to-let investors.

Student housing is another emerging market that has something to offer yield-hungry investors. A widening gap between a growing student population and little or no student accommodation supply has thrown up opportunity in this market which has capacity to offer high yields and stable cash-flow to investors and developers ready to make the switch.

Out of Nigeria’s 180 million population with a growth rate of 2.6 percent per annum, 70 percent is below the age of 30. There are 133 universities in the country, and most of them were built without adequate provision for accommodation. Munachi Okoye, CEO, MCORE, notes that the ability to sign a long lease on land belonging to a higher institution or acquiring land adjoining a higher institution, building and charging a ready pool of student off-takers a market rent with 100 percent occupancies leading to a stable cash-flow is a developer’s dream.

A new report on real estate market in Q3 2017 by MCORE says many developers are already taking advantage of this development. “Universities are latching on to the trend, offering land parcels to developers under a long-term Build Operate and Transfer model and seeking a share of revenues in exchange. Gross yields can be as high as 15 percent, but a closer look at the story is not as easy as it sounds”, Okoye warns.

Investment opportunity also exists in short-let apart-

Bolaji Edu, CEO, Broll Property Services, hinted in an interview recently that, with the recession over, activities are gradually picking up, once again, with latent demand. “But this is no longer time for large malls of 20,000, 25,000 to 30,000 square metres. Investment consideration now should be for 5,000 to 8,000 square metre malls which will be designed in such a way that the size could be increased if things improve”, he said.

Prospective investors can find opportunities in this sector in emerging areas with large concentration of people such as Ikorodu, Badagry, Epe in Lagos or a place like Mararaba in Abuja where they could build neighbourhood retail malls that should be convenience-focused. Edu is encouraging investors to make the switch because, “though it has been quite challenging, we have seen very strong take up. We have seen new malls with up to 80-90 percent occupancy rate.

But the rate of occupancy is all about getting your marketing right, ensuring that you have the right tenant mix, and ensuring that your rents are competitive within the market and the location you are in”.

Investment can also be made in good, strong and quality Grade B office buildings which focus on the local market. Some investors are withholding investment in this sector because there is perceived over-supply, but Edu thinks differently.

“I think we need to look at supply from two angles.

First, you look at the fact that Nigeria is one of the top three economies in Africa and one of the top two in Sub-Saharan Africa. Lagos is the centre of economic activity in the country. If you look at the entire supply in terms of total square metres, you see that there isn’t an oversupply of both Grade A and B office buildings”, he said.

It is pertinent to note that most of the offices in the market at the moment were built about the same time which coincided with the recession in the economy.

There was also the oil price slump to below $40/barrel; the naira went down from N167/$ to almost N500/$ before coming down to the current exchange rate.

Before now, activities in the economy literally stopped and so the main drivers of the office space take up including oil and gas, telecoms, financial services firms all contracted, rationalized their staff and operations.

For this reason, there was an oversupply. “What we have is a short-term oversupply which might last for another two to three years. But if you look at it on long term basis, there is still room for further development, but that needs someone who can take a long-term view of the market”, he advised.

Changing the narrative, inspiring investors’ confidence

By Chuka Uroko, Businessday

ATTAIN NEW HEIGHTS OF POSSIBILITIES

G

FEATURES • GreyStone Tower has a total 18 floors.

• The first 5 floors (GF - 5th floor) are dedicated to parking. Each parking floor is split in two providing sufficient parking for 180 cars.

• The 6th floor is the “concessionary floor” where you have the Restaurant/Café/ Coffee shop and the Gym. • The office spaces start from the 7th floor and terminates on the 16th floor (10 floors of offices).

• The building has 5 Lifts. 4 passenger lifts and 1 goods lift.

• Each office floor has - 2 server rooms and 6 restrooms (including 2 disabled restrooms).

• The building has raised floor and suspended ceilings.

• The floor sizes are typical with a Gross Leasable Area (GLA) of 1,119m2 and Net Leasable Area (NLA) of 923m2.

FOR ENQUIRIES - 08096000021 or 08096000042

People who Are crazy enough to think they can change the world, are the ones who do. – Rob Siltanen

reystone Tower is a stately structure that offers unparalleled craftsmanship and exceptional facilities. Its elegant and engaging architecture is truly remarkable inside and out.

THE DURUMI - ABUJA

A PLACE TO LIVE A GOOD LIFE The First Exquisite Golf Estate in the Federal Capital Territory, Crown Court Durumi offers excellently finished fully detached four bedroom duplexes with BQ. If you are looking for a place to live a good life, look no further.

Idris - 08069106770, 09-2209003 3A, Lalupon Close, Off Keffi Street , S.W. Ikoyi. P. O. Box 10587 Marina, Lagos.

Tel: 234-1-4611207-8. Fax: 234-1-4611209. website: www.crownrealties.com e-mail: info@crownrealties.com

Economic and Real Estate Outlook 2018: Predictions from the Experts.

This year, the Real estate outlook with the theme ‘Navigating Change’ was organized by Fine & Country in collaboration with Business Day and Lagos Business School and held at the Lagos Business School on Tuesday, 6th of February 2018. The Real Estate Outlook session discussions were held in seminar style with the welcome address given by Dr Henrietta Onwuegbuzie, Director of Entrepreneurship, Lagos Business School. Kicking off the conference with the opening remarks, was Mr Frank Aigbogun, Publisher, Business Day, who started by saying Real Estate mirrors the Economy and gave insights to the current economic situation and the potential effects in the 2018 Real Estate Industry.

Leading the Panel discussions, Mrs Udo Okonjo, CEO/Vice Chair of Fine & Country shared the vision of the Real Estate Outlook and why it was important to gather Real estate leaders and astute Investors. She went on to describe the theme ‘Navigating Change’ and it’s relevance in Today’s Real Estate market. “Nigeria is finally arising out of a recession, the theme Navigating change, was crucial in reflecting the new market situation in a market that is brimming with opportunities”. Three panels with the topics Real Estate, Real Disruption; Creativity in Bridging the Financing gap; and Residential and Commercial Trends and opportunities were discussed by the Real estate experts on the panel including Mr Hakeem Ogunniran, MD, UPDC: Mr Adeniyi Adeleye, Head, Real Estate Finance, Standard Bank Group, Professor Timothy Nubi, Professor of Housing, Dean, Environmental Studies, UNILAG Mr Bolaji Edu, MD, Broll, and Muna Okoye, MD, MCORE who were very kind to share their insights and experiences with the audience.

During the program, the announcement of the Fine & Country and Lagos Business School collaboration to launch a Real Estate Leadership Course starting in June, was shared by Dr Henrietta, Director of Entrepreneurship at Lagos Business School. She highlighted Fine & Country’s goal to continually provide thought leadership in the Real Estate sector, through courses such as this, designed for real estate entrepreneurs.

From left -right : Mr. Munachi Okoye, Mr Adeniyi Adeleye, Prof. Timothy Nubi, Mr. Hakeem Oguniran, Dr. Henriata Onwuegbuzie, Mr. Ken Leach, Mr Udo Okonjo and Mr. Bolaji Edu.

Mr. Frank Aigbogun - Publisher, Business Day

Mr.Hakeem Oguniran, MD, UACN Property Development Company

Dr. Henriata Onwuegbuzie, Senior Lecturer, Lagos Business School

Mr. Ken Leach - ELELAN Construction

Prof. Timothy Nubi - Professor of Housing and Estate Management

Mr. Adeleye Adeniyi Head, Real Estate Finance (West Africa) Standard Bank Group

The Real Estate Outlook event would not have been complete without the Industry Outlook session from Fine & Country’s perspective given by David Mbah, Commercial and Advisory Consultant, where he shared a detailed insight on the Real estate Industry in 2018.

Mr. Munachi Okoye, MD MCORE

Mr. Bolaji Edu, MD Broll

Knowing is not enough; we must apply. wishing is not enough; we must do. – Johann Wolfgang Von Goethe

The Economic and Real Estate Outlook, currently in its 5th year, is Fine & Country’s platform to set the tone for the year in the real estate Industry as we deliberate on the impact of the current economic and political climate on the Real estate Industry in 2018, the winning strategies for the current economic climate and also identify current trends and opportunities for the residential and commercial sectors.

Changing the narrative

Inspiring investors confidence

CEO/Vice Chair, Fine and Country West Africa

Dinner Guest, Ronald Chagoury Jr. Vice Chairman, South EnergyX, Mrs, Udo Okonjo CEO Fine & Country, H.E Mr, Peter Obi Former Governor of Anambra State, Mr Frank Aigbogun, Publisher Business Day, Mr. Paul Onwuanibe, MD/CEO, Landmark Group and Chief Olusegun Osunkeye, CON (Former Chairman, Lafarge and Nestle Plc) at the Refined Investor Series

When Fine & Country West Africa, in collaboration with BusinessDay, decided to hold this year’s edition of the Refined Investor Series (RIS) in the UK, the aim was basically to present the best of Nigerian real estate to potential Nigerian Diaspora and international investors.

Already in its 6th edition, RIS is part of Fine & Country’s functions as a real estate marketing and advisory firm. The series became necessary because, from market experience, the company realized that a lot of people, for lack of information, fail to grab opportunities within their neighbourhood.

The series, which provides answers to who, where, when, what and why (5Ws) investments are made, is targeted at savvy investors, economic influencers, industry leaders, developers, and stakeholders who are interested in exploring, understanding and unlocking the opportunities that abound in this market.

But in all of this, many Diaspora Nigerian and international investors are left out because of certain myths and misconceptions about the real estate market in particular, and poor perception and understanding of the economy, its great potential and the huge opportunities it offers.

Before now, some of these Nigerians abroad thought Nigeria had nothing to offer them; they were scared of the perceived ‘fraudulent’ activities in the real estate investment market and the domestic economy and those were because they lacked basic, vital information and did not ask the right questions from the right people.

Unknown to them, the economy holds out hope and future bright enough for savvy investors to start taking position. “Though the economy is in the early stages of recovery from recession, available data shows that the it is in for good time and on sure growth path”, Frank Aigbogun, Publisher/ CEO, BusinessDay, told the star-studded Diaspora Nigerian investors that attended RIS in London.

Due to the peace in the Niger Delta, Aigbogun explained, “oil production is at the OPEC limit of 1.8mbd for the first time in many years and you can add to that an additional 400,000 barrels daily in condensate; data prepared by BusinessDay shows that Nigeria oil revenues reached $2.87bn in September this year and this should rise to just over $3bn for October”.

So much is now happening in the economy enough

to encourage private capital inflow. The economy has seen both manufacturing and the real sector on the path of growth again. Expectedly, the property market is beginning to look up again. “In particular, Lagos which should rank among the top five economies in Africa by GDP, is ramping its infrastructure roll out at a faster pace and all of this is helping to prepare it for the property boom which should follow”, he said, telling the Diaspora investors that this is the time to take position in the economy.

Lagos, according to Ronald Chagoury, vice chairman, South Energyx Nigeria Limited, is an investment destination not only in Nigeria, but also in Sub-Saharan Africa. The fundamentals are not only strong, but also compelling. “Lagos has the largest population in Nigeria with over 20million people; it is the country’s largest economy and the 5th in Africa; it is Nigeria’s commercial, financial and industrial centre”, said Chagoury in his presentation at the London event.

Regarded as one of the fastest growing cities in the world, Lagos accounts for 40 percent of Nigeria’s real estate activity, and this is where South Energyx is developing the Eko Atlantic City—a mega private development stretching 10 million square meter of land reclaimed from the ocean.

Chagoury told the Diaspora investors that the city, located adjacent to Victoria Island, offers both investment and residential opportunities. It is financial, commercial, and residential free zone that will be home to 300,000 residents with 200,000 commuting to the city on daily basis.

“The city’s world class infrastructure boasts 70MW of electricity expandable to 1.5GW power plant; 10,000 potable water per day expandable to 100,000 cubic metre”, he said, adding, “this is a smart city planning working in line with city wide fibre optic network; it has state-of-the-art sewage facility and an extensive underground storm water drainage” He assured the investors of opportunities in the city as private developers or service providers, revealing that the city is planning a major mall with 108,000 square metres net leasable area; there will be provision for 5,000 car parking facility; high quality retail layout for great shopping experience, and vast amenities for entertainment including food courts, cinema, playground, etc.

Mr. Paul Onwuanibe, Mrs. Udo Okonjo and a G

“There are other pockets of opportunities for those wishing to invest in real estate back home and there is quite a good number of them on offer”, Udo Okonjo, Vice Chair/CEO, Fine and Country, told the gathering , stressing that Nigeria’s population, potential and location make it an investment destination that could not be ignored.

“Nigeria matters because of its location and, most importantly, its people”, she said, explaining that RIS held in London this year because they believed that Nigeria needs all of its missing parts and these are the Nigerians in Diaspora, including entrepreneurs, professionals, etc blazing the trail all over the world.

Though there challenges for investors in the up-market locations in the country, David Mbah, Consultant, Sales (Commercial), at Fine and Country, revealed in his presentation that the low to mid-market locations remained strong, just as well priced and well finished products were still on demand even in the highbrow neighhourhoods.

According to him, the high vacancy rate in the up-market presents an opportunity for investors to either become more creative with their offerings or shift focus to the mid-level market, adding that there are three major factors to consider when re-focusing to the mid-market. These are location, price and size.

“Any investor that buys any of these ‘re-engineered’ developments is sure to enjoy high return on investment, and shorter pay-back period. This is due to the low capital and entry cost required”, he said, adding, “other opportunities for investors include buying plots of land in emerging locations with high return on investment on the outskirts of Lagos such as Lekki free trade zone, Ibeju-Lekki, Langbasa, Ikorodu, among others”.

H.E Peter Obi - Former Govt. of Anambra State

Guest

Ronald Chagoury Jr. - Vice Chairman South EnergyX Eko Atlantic

George Betz - Head of Global Business Dev. Fine & Country

Chibuzor Darl Uzu - MD/CEO - Crown Realties Ltd

Mrs. Ibiene Ogolo, MD Eko Development Company

Mrs. Ibiene Ogolo, MD Eko Development Company

Bishop Wayne Malcom

Charles Kiran and Keno Ogbo

Fine and Country Champions and Chuka of Businessday

------

Charles Kiran, Mrs. Udo Okonjo and ------

Mr. Frank Aigbogun and Prince Oniru

Guest with Mrs. Udo Okonjo

We found you the perfect office space

Commercial Properties; The devil is in the detail

1. Beginning the negotiation of a renewal or new lease too late.

Delayed negotiation of a renewal or new lease is one of the biggest mistakes we see corporates tenant make. In simplest terms, if you wait until your when your lease expires before you start speaking to your landlord about renewing your lease or before you start looking for a new space, you may have a hard time finding exactly what you need especially in a competitive market.

2. Competence and Expertise.

Many corporate tenants go into lease agreement process without properly having adequate and required knowledge and as such, they have made lots of mistakes that have impacted their business negatively. Lack of knowledge combined with time pressure usually causes corporate tenants to make wrong location decisions without being aware of all the choices.

This will sometime result in errors that cut into their profits and/or increase financial exposure. To guide yourself, consider getting the services of a commercial real estate advisor to walk you through the process and confirm that a space will meet your current and future needs.

3. Commercial Lease Clauses - the devil in the detail There is usually a lot of documentation as well as clauses in a commercial lease contract that are mostly in favour of the landlord. It’s therefore important to understand what those clauses mean and how they can they positively or negatively impact your business. Most times your real estate advisor/legal team can help you understand these and negotiate clauses that will be more in your favour.

4. Focus On Strategy, Not the Transaction Whenever there’s a need for a company to move to a new development or to renew their lease, in the excitement of ensuring the transaction goes on smoothly, corporate strategy is often neglected. All negotiations tend to focus only on the major financial terms of the lease agreement and as a result, the impact of the transaction on the portfolio strategy is easily forgotten, important terms like rent review, expansion and contraction rights seem to have low priority in the leasing process.

5. Do not underestimate the time the process will require The inability of corporate tenants to understand the time process required often results in companies having to stay longer in their existing premises and may negotiate a soft lease renewal with the landlord. A successful relocation transaction time process should include time for a site analysis and property selection, negotiation, executive approval, legal documentation, fit-out, relocation, etc. All these processes need to be completed within the remaining period of the lease and if not the landlord will demand compensation as entitled as per the terms of lease.

“There are no limits on what you can accomplish, except for the limits that you place on your own mind and imaginationmake the most of the real estate opportunities and invest today - Udo Okonjo”

The Commercial real estate space is quite dynamic and requires expertise of the processes involved, it is clearly more complex than leasing a residential apartment. However too many corporate tenants take it for granted and end up making huge mistakes not following and understanding due process. To help minimize potential risks and other costly errors associated with this, we have compiled a list of some of top 5 mistakes corporate tenants make when leasing commercial real estate.

Where luxury meets convenience Gold Coast is Dillon Consultant’s exclusive new development in the Banana Island environment, one of Lagos State’s most affluent and vibrant neighbourhoods. It offers discerning clients rare 5 bedroom luxury family houses in an elevated, landscaped location.

EXCLUSIVE RESIDENCE BANANA ISLAND ROAD, IKOYI

There are plenty of more sophisticated pleasures in the environment too; an excellent range of restaurants and bars; some of the best shopping in the ikoyi/island axis; sports and leisure that includes golf and contemporary spas; and an eclectic arts scene.

Available:

12units of

semi-detached 5 bedroom luxury houses Payment terms:

20%

INITIAL DEPOSIT

WITH SUBSEQUENT PAYMENTS SPREAD IN INSTALLMENTS 20% AFTER 6 MONTHS 20% AFTER THE NEXT 6 MONTHS 40% ON COMPLETION

FURTHER INFORMATION & ENQUIRIES: 08185823404, 08107576721 08182419743 info@dillonnigeria.com

DEVELOPED BY www.dillonnigeria.com

An exclusive, luxury development consisting of high specification family homes Gold Coast really does offer the best of both worlds – luxury family living in a picturesque community setting but within a short drive to a vast variety of amenities.

The luxurious, ultra-spacious and high-end homes are designed to provide maximum flexibility for internal space planning to suit individual tastes.

Your entire world is built on detail. A world designed and meticulously built with innovative ideas that are key to your happiness. They are designed combining a distinctive look, immaculate planning and stunning landscapes.

Your constant quest to live in a perfect home, in a lifestyle that makes each day a memorable one, comes to you in Gold Coast Exclusive residence.

our quest for ultimate convenience brings you pneumatic vaccum elevators by

bespoke designer kitchens luxury designed kitchens featuring: • cabinets with contemporary doors • All cabinet doors and drawers include soft closing feature • Polished composite worktops in a choice of colours* • Built in stainless steel oven • Built in stainless steel microwave • Induction hob • Fully integrated dishwasher • bowls with designer chrome polished tap • LED feature lighting • Large format floor tiles

mordern luxury bathrooms understanding our clients is essential when catering to their tastes and needs.

Bathrooms include:

Other features include : Service quarters, 2 living areas, parking ports for each unit, CCTV, DSTV Dual, A/C in all the rooms, Dining area, washing machine, intercoms in all the rooms & kitchen, 24 hours power supply, Recreational facilities include: swimming pool, gym lounge & fitness centre.

Bore hole with water treatment facilities.

Remote motorized gate and electric perimeter fence.

HEAD OFFICE: Plot 1, Gary Sanusi Close, Platinum Road, by Jakande First Gate, behind FCMB Bank, Lekki-Epe Expressway, Lagos, Nigeria.

• Fully fitted bathrooms with elegant white designer sanitary ware including: basins, wall hung WC pan • Built-in/wall mounted mirrored storage cabinet with integral shaver point to master ensuite • Large fixed mirror to selected walls in bathrooms • Luxury bath where applicable • Low profile stone resin shower tray • Chrome polished fittings • Chrome heated towel radiator • Large format tiled wall finishes to selected walls • LED chrome finished down lights

LOCATION The brand new Post Square is the latest striking landmark of bespoke office spaces designed for corporate organizations and professional firms. A new landmark to cater to the dynamic needs of today’s dynamic organizations.

• State of the art Granite finishing for internal lobby walls and floors • 24 Hours Security with CCTV cameras • 4 lifts/Elevators • 24 hours power supply guaranteed with 3 units of 810 KVA Generators and 2 dedicated 2MVA transformers.

• Access Control System, CCTV System, Fire Alarm Detection System, Fire Telephone System, Voice Evacuation System, Data Network, UPS network & voice network with a Digital PABX. • Modern BMS and BMU Systems. Building Management System (BMS).

• Borehole and Water Treatments, Sewage treatment plants

For Enquiries 08096000021 08096000042

The only person you are destined to become is the person you decide to be. — Ralph Waldo Emerson

UPGRADE YOUR BUSINESS

URBAN SALE LISTINGS

Enquiries: 08096000024 / 08096000046

OAKWOOD RESIDENCE, Ikoyi.

Malvins Court

Queens Court

4 bedroom apartment

4 units of 4 bed Terraces and 2 units 4 bed PHs

3 and 4 bedroom apartments, 4 bedroom terraces, 5 bedroom detached and semidetached houses

Infusing architectural brilliance with fresh, forward-thinking modernity. The Oakwood residence is anticipated to bring a about a new level of urban living and sophistication to this sought after address.

A stunning collection of 2 Penthouse apartments 4 units of terraces within a highly desirable location in Ikoyi. A new level of urban living andsophistication to this sought after address.

Frankforth Heights II, Onikoyi, Banana Island

Frankforth residencies, Ajah, Lekki

8 units of 3 and 4 bedroom apartments and penthouses

3 units of 4 bedroom semidetached houses

A new bespoke collection of stunning 3-bedroom apartments, offering unrivalled views across Onikoyi Banana Island road.

3 units of semidetached houses with modern finishing situated in a serene residential environment within Lekki Scheme 2.sought after address.

A range of bespoke apartments, terraces and fully detached houses. A about a new level of urban living and sophistication to this sought after address.

Frankforth Heights 1, Onikoyi, Banana Island 1 unit of 3 bedroom apartments A collection of modern and contemporary 3 bedroom apartments in Onikoyi.

Elizabeth court, Lekki 1 (Right)

Banana island

1 bed, 2 bed and 3 bed apartment

2 Units of 5bedroom detached houses for sale.

A collection of boutique 1,2 and 3-bedroom apartments in the vibrant Lekki Phase 1 with close proximity to The Palms shopping Mall & great restaurants. It offers a unique investment opportunity

2 detached house in one of the most exciting new destinations to own a home.

Lifestyle 18 Ikate Lekki.

1 bed & 2 bed apartments Residents are assured of an impressive range of facilities & amenitiesfor their exclusive utility.

PRIME OFFICE SPACE

FOR THE DISCERNING

The Man Who Has Confidence In Himself Gains The Confidence Of Others. - Hasidic Proverb

Strategically located in the heart of vibrant Lagos business and commerce hub, NestOil Tower is an iconic 14 storey building that fits into Lagos’ most prolific regeneration master plan.

FEATURES • Location - Strategically located at the intersection of 2 major business hubs (Akin Adesola street and Saka Tinubu street) • Flexible office spaces from 79m2 to 800m2 • Ramped-up Car Parking bays on 18 split levels for over 225 cars.

• Double Glazed Curtain Wall Systems to minimize solar heat gains, and provide insulation against noise/sound.

• A Helipad.

• Floor to Ceiling windows for maximum penetration of bright light. This comes with motorized blinds.

• Motion censored light and taps for efficient use of resources.

• 8 restrooms per floor (including disabled toilets).

• 8 passenger lifts/Elevators.

• Dedicated Transformer with 2 units of 1.3mVA and 1unit of 910kVA Generating Sets; • Kitchenettes and storage rooms available per floor

For Enquiries 08096000021 / 08096000042 Constructed by

URBAN LEASE LISTINGS

Enquiries: 08096000024 / 08096000046

Cooper Mirama ikoyi, lagos.

3 bedroom apartment Rising elegantly into the Ikoyi skyline, This stunning development will be creating a brand new address within the Ikoyi metropolis offering 18 units of 3bedroom apartments with 2 service quarters.

Cooper Terraces Cooper road, ikoyi

2 bedroom apartments and 4 bedroom terrace This property offers a dazzling array of perfectly proportioned four bedroom terraces and 2bedroom apartments within the sought after Cooper Road, Ikoyi

Onikoyi Residence Onikoyi, Ikoyi 5 bed semidetached house This property is a 5 bedroom haven of spacious comfort offering sophisticated and modern design.

Luxuriously finished making it ideal for individuals, couples and families alike.

CREATIVITY

The Finery Offers FREE WIFI We offer 24/7 free high speed internet wifi GENEROUS CAR PARK Generous parking space for all guest at event POWER 24/7 standby generating set for standby power

Garden Area; 150 Guests Seating

SECURITY Efficient security personnel CUSTOMIZED GARDEN AREA Beautiful garden area MEETING ROOM Exquisitely designed meeting rooms

Customizable workspaces and meeting room

We strive to encourage an eco-friendly lifestyle with minimal impact on the natural environment, paired with maximum comfort and luxury for the business professional.

By Its’ very nature, The Finery has less of an environmental impact as it facilitates a more efficient use of resources.

www.thefineryikoyi.com | Enquiries: 08096000045

The Finery Studio; 80 Guests Seating

The man who has confidence in himself gains the confidence of others. - Hasidic Proverb

COMMUNITY CO - WORKING

I

t was indeed three days of wow-mazing experience, at the just concluded annual IWOW Global Possibilities Summit held at the Radisson Blu Hotel, Lagos. Nigeria on the 23rd and 24th of March 2018.

The summit started with a pre-event cocktail with exceptional women of worth in attendance. The Publisher of Genevieve Magazine, Betty Irabor, shared her deeply touching story about how she decided to pick herself up and turn her life around after a very difficult experience.

Day 1 of the summit was a day of learning how to deliberately walk on water- in life, business, career and other spheres of life. The theme of the 2018 Global Possibilities Summit is “It’s Showtime” and all the speakers came out with their stories that affirmed the fact that there is power in one’s authentic story. The CEO/Vice Chair, Fine and Country WA and Founder of IWOW, Udo Okonjo shed more light on what the 2018 theme represented. Showtime, she said is a state of realization. The state of deliberately stepping out of the ordinary into the extraordinary through Self Discovery, Success and Sustainability. Mr. Leke Alder, Principal Partner, Alder Consulting, gave a powerful masterclass on branding; how to craft a niche market & using uniquely defined branding strategies that will resonate with the target audience. A panel discussion followed where Mrs. Udo Okonjo, Mr. Leke Alder & Ms. Ada Osakwe shared real-life experiences & strategies they have used in their various fields to present a strong & sustainable brand.

WOMEN TAKE TH

IWOW NETWORK HOSTS 8th GLOBAL POSSI

Udo Okonjo (CEO/Vice Chair, Fine and Country WA and Founder of IWOW)

Following on from building great business structures and kicking off the second session on entrepreneurship- Prof. Fabian Ajogwu (SAN), Founding Partner, Kenna Partners & Professor of Corporate Governance at Lagos Business School, talked through the legal aspects of doing business in Nigeria.

Tara Fela Durotoye, CEO, House of Tara honed on the fact that your passion for your business needs to be backed with efficient working structures, processes & procedures.

The third and final session of the day was about Confidence & Power Negotiation which was anchored by Dr. Nneka Abulokwe who gave a straight from the heart intelligent treatise of her journey to the top of a fortune 500 company in the United Kingdom through the power of resilience, persistence & strategic Negotiation. Day 1 was capped up with another brilliant panel discussion by the speaker & renowned Media Entrepreneur Ms. Biola Alabi & Dr.Ola Brown- founder & CEO, Flying Doctors Nigeria.

Day 2 morning was a Wealth & Wellbeing Breakfast Session hosted by Fine & Country & Providus Bank- the session was opened with Mrs Udo Okonjo sharing the fundamental elements of wellbeing & wealth creation and the direct relationship between both concepts. Mr Walter Akpani- MD/CEO of Providus Bank shared his professional experience on the need for Women to develop the qualities of Teamwork, Tenacity and Entrepreneurial spirit, whilst also charging delegates to come into their spotlight. Renowned beauty entrepreneur Eryca Freemantle shared about surviving depression and making the decision to rise above it & live a phenomenal life. Arinola Adeniyi, CEO, Venivici Spa spoke about the importance of wellness in wellbeing and Travelstart Commercial Manager- Mrs. Bukky Akomolafe was there to add to the fact that, getting away so often for some self-love & replenishment is important for mental wellbeing. Travelstart also sponsored a trip to Dubai.

Caption: From left to right : Bolanle Olukanni( TV Presenter), Tara Fela – Durotoye (C Caoch and Spa Director Venivici Health Club and Spa), Udo Okonjo (CEO/Vice Chair, Fi CEO Agrolay Ventures), Dr, Nneka Abulokwe (FAPM, FBCS, DBA), Amaka Ch

Betty Irabor, Publisher - Genevieve Magazinr

The morning ended with Ndidi Nwuneli and the millennials taking centre stage to tell the whole world they are coming and they know exactly what is required of them to get exponential results featuring inspirational stories by Seun Awolowo & Kene Rapu to wrap up the morning session.

The IWOW Global Possibilities Summit 2018 was crowned with an exquisite dinner with inspiring and thought-provoking keynote speeches from the MD of Seplat- Mr Austin Avuru and Mr. Fela Durotoye. Inspiring spoken word performance by Bikiya and comedy by Senator. Also, we had the presence of amazing comperes Bolanle Olakuni, Chico and Stephanie Coker who gave their professional skills in adding colour to the event. There was also an auction of a beautiful painting titled Elle est la vie that was done on the day by Awuli Okocha and proceeds from the auction goes to She Writes Woman.

An IWOW Possibilities Award was also presented to Kechi Ohuru for her outstanding achievements regardless of all barriers and limitations.

The 2018 IWOW Global Possibilities Summit would not be a huge success without the relentless efforts of our inspired co-chairs Chinyere Okorocha, Winifred Mena and Izehi Anuge.

Tara Fela - Durotoye, CEO House of Tara International

It is definitely SHOWTIME for women in every sphere of life and endeavour!

The Inspired Women of Worth Network is a gender expression of Fine & Country West Africa & has a strong vision to inspire, educate, empower and encourage women to stand out in their various spheres of influence, to create a platform to empower women to positively contribute to their environment and live their best lives. The IWOW Global Possibilities summit delivered on this mandate.

For more information on this event and more IWOW events, please visit at www.i-wow.org/summit

HE SPOTLIGHT

IBILITIES SUMMIT, IN LAGOS, NIGERIA.

Atedo Peterside - Founder / Chairman ANAP JET

Austin Avuru - CEO Seplat Petroleum Development Company Ltd

CEO House of Tara International), Eryca Freemantle (Leading Global Business Beauty Entrepreneur and Coach), Arinola Adeniyi (Corporate Wellnes ine and Country WA and Founder of IWOW), Leke Alder (Strategy, Policy and Brand Consultant; Principal, Alder Consulting), Ada Osakwe (Founder/ hika – Mbonu, Chinyere Okorocha, Winifred Mena Ajakpovi and Tolu Ihimoyan (Head Marketing and Communication Fine &Country WA).

Walter Akpani - MD/CEO Providus Bank

Dr. Nnekka Abulokwe -FAPM FBCS DBA

Eryca Freemantle - eading Global Beauty Entrepreneur and Coach

Leke Alder (Strategy, Policy & Brand Consultant; Principal, Alder Consulting

Ada Osakwe - Founder/CEO Agrolay Ventures

Biola Alabi - Founder of Grooming For Greatness

Prof. Fabian Ajogwu (SAN) Legal Practitioner & Principal Partner , Kenna & Partners

F

C

U

R

B

A

N

The Waterfront Presents

A LIFESTYLE URBAN DEVELOPMENT WITH BREATHTAKING WATERFRONT VIEW FEATURES § Outdoor Park and green area § Retail and restaurant contructed § § § §

from shipping containers Spa Library Hotel Recreational activities

§ § § § § §

Media and event centre One bedroom apartments Two bedroom apartments Three bedroom with patio Four bedroom town houses Plots for sale

Enquiries 08096000024 08096000041