Wednesday 3 December 2014

Bolaji Edu on Power Lunch at CNBC Africa Discussing Real Estate Performance in Q3

Bolaji Edu, CEO at Broll Property Services Nigeria was on Power Lunch at CNBC Africa this afternoon. He spoke on the performance of the real estate sector in Q3 and other topical issues. Watch the video below for more.

Thursday 20 November 2014

Broll Attends Emerging Markets Retail Summit in Dubai

(4th from left) Obi Uzoigwe, Senior Retail Broker - Broll Nigeria. (2nd from right) Moses Luri, Retail Leasing Manager - Broll Ghana

Earlier this month Obi Uzoigwe, a Senior Retail Broker at Broll Nigeria and Moses Luri, Retail Leasing Manager at Broll Ghana attended the 1st Annual Emerging Markets Retail Summit at the Burj Al Arab in Dubai. The summit was a key event for global retailers interested in Emerging and Growth Economies around South East Asia, Russia, Africa and the Middle East region. It also provided tools to help progressive retailers work efficiently and keep up with the fast changing market place in emerging retail markets such as that in Nigeria. 

Obi explained that the event shed light on the skepticism many global luxury brands often face in making an entrance into the Sub-Saharan retail space. Along with the security challenges, many believe that the buying power is simply not there in volumes, despite the large rapidly growing population.

Rising disposable incomes, a growing population and strong fundamentals are among the key drivers for growth within Nigerian retail sector. However, as Obi noted, growth in tenant depth in Nigerian malls remains a notable problem.

Are you interested in Nigeria's retail market? For more information on retail leasing and consulting, shopping center management or anything retail related please contact us on retail@broll.com.ng.

Monday 17 November 2014

Broll at MAPIC 2014

Source: Mapic

Broll will participate at the 20th edition of Mapic at Cannes, France, at 19-21 November 2014. We will be represented by Gavin Cox, Retail Portfolio Executive, who will be there to meet retailers and investors from around the world.
Mapic is more than just a retail exhibition; it is a truly international market, where retailers interested in expanding their footprint meet investors, developers and service providers. It offers 3 days of tailored business meetings between participants, expert-led conferences and a premium exhibition for industry leaders targeting all types of retail property: city and shopping centers, factory outlets, leisure areas and transit zones. Below are key demographics for this year’s event.
    • 8,300+ unique participants
    • 2,400+ retailers
    • 67 countries
    • 1,400 brands represented
    • 685 exhibiting companies
    • 2,300+ developers
    • 900+ investors
    • 412 new brands
Are you registered for MAPIC? View some of the projects we're involved in on our MAPIC profile.

Tuesday 30 September 2014

Broll Staff Named Vice-Chairman of RICS Nigeria Group

Earlier this week, Mr. Jimmy Olayinka Omotosho a Portfolio Executive at Broll Property Services was elected to the position of Vice-Chairmanof the Royal Institution of Chartered Surveyors (RICS) - Nigeria Group. The RICS is the world's leading professional body for qualifications and standards in land, property and construction.

Mr. Omotosho, who is also the Divisional Head for Advisory at Broll, previously served as the Secretary to the organisation and his consistently impressive service earned him the election to Vice-Chairman. We are pleased and optimistic about the prospects of this new development and believe it is reflection on the quality of service we can provide, especially in our Advisory unit.

For any questions regarding Advisory please contact research@broll.com.ng and you will be put in touch with the relevant person.

New CEO At Broll!


This September, we are excited to announce that Broll Property Services has a new CEO. His name is Bolaji Edu. He joined us earlier this month and brings a wealth of experience from Aviva Investors and JLL in the UK. He has had experience with European real estate, public sector pension funds, investment advisory, strategic asset management, investment sales and purchases, developments, leasing as well as property management and valuations.

Bolaji has a degree in Economics and Business Economics from the University of Hull, UK and is a member of the Royal Institute of Chartered Surveyors. He excited to be at Broll and is keen on taking the company to the next level. 

For any questions please contact research@broll.com.ng.

Friday 15 August 2014

Broll Staff Attend Conference on Urban Migration and Renewal in Nigeria by Mail and Guardian Africa

Urban Migration and Renewal in Nigeria:  Future Drivers of Economic Growth. How African cities will be the biggest drivers of the Rising Africa Story?

On Wednesday August 15th, Broll Staff attended an event which was hosted by Mail and Guardian Africa at Four Points Hotel.

The recently launched pan-African news and information portal noted that Nigeria was chosen to lead the debate because Lagos is expected to be the 11th biggest city on the planet by 2015 with 16 million inhabitants.

'As we struggle to find the means to house and feed the people undertaking rural-urban migration, Africans will look to Nigeria as the first to face the mammoth task of ensuring that human settlement, infrastructure development and job creation are well managed in the growing city-society.' - Mail & Guardian Africa.
During the event Governor Fashola, who was the Speaker noted 3 key things that needed to be done:
  • Invest in education - He explained that this was a key route to national development especially within the science and technology sectors. 
  • Embrace Information Technology - Governor Fashola also called on Nigerians to utilise the internet and also social media to aid in bridging the development gap.
  • Reduce Poverty - By means of reducing the large infrastructure deficit. 

Wednesday 6 August 2014

Broll Q2 Office Report in Businessday Article

Broll's Q2 Office Report was recently quoted in a Businessday Article that noted Prime office space rents up 17% as investors raise demand. The article explained that an increased demand for prime office space from international investors comprising mostly insurance companies and property fund managers seeking entry into Nigeria’s commercial real estate market has increased rents in exclusive locations such as Ikoyi by about 17% in the past six months.

Broll has a different view on this. Although growing institutional interest in the Nigerian real estate market has grown recently, that was not the reason rents increased. Increased interest from institutional investors in real estate assets would typically increase the price of the asset, not rental rates.

To read our Q2 Office and Retail reports see the downloads tab on the Broll website.


 Read the Businessday article here.