Stakeholders converge on Lagos for real estate summit

In view of the fact that Nigeria’s  economy is gradually coming out of recession, with its impacts on real estate market, particularly in the retail space becoming obvious, there is genuine optimism that the country’s larger shopping malls that had in the past, suffered persistently high vacancy rates are now witnessing recovery.

Against the backdrop of these past pressing issues and the seeming new dawn in the sector, industry leaders and investors are coming together again for the 6th edition of the annual  real estate summit, tagged “Real Estate Unite” (REU).

The event, scheduled for 23rd and 24th of October 2017 at Eko Hotel, Lagos, and had as its theme “Africa’s Real Estate; What’s new?” is to provide an important platform for the residential, office, retail, healthcare, hospitality and industrial sectors of Africa’s property market to network, learn, transact, showcase and discuss opportunities and issues in global real estate yearly.

Speaking about the event, Founder, Real Estate Unite and Chief Executive, 3INVEST, Ruth Obih, noted that while the game has changed in the sector, he expressed concern that with the problems the sector had faced in the past, how would new sources of growth be created?

“Are we rethinking business strategies? What are the new roles and responsibilities? What entirely is new? These are thought provoking discourse that will form the basis of this year’s conversations”, said Obih.

Expected to give the keynote address at the event is a renown economist and professor at Lagos Business School, Doyin Salami, who is also a 2nd term CBN monetary policy committee member.

He is expected to give an insightful examination of key trends in the Sub-Saharan and global economy, with a specific view towards the future direction over the short and medium terms, including the outlook for GDP growth, interest rates and currency performance.