October 23, 2017, Lagos, Nigeria – ACA Principal, Obi Nwogugu, today participated in a panel session themed “Mixed-Use: Live, Work, Play,” during the 6th edition of the Real Estate Unite 2017 Summit.
The session addressed the changing needs of the global real estate market and the increasing level of adaptation of developers to mixed-use developments.
In his remarks, Obi highlighted the potential role mixed-use schemes could play in the evolution of cities in Sub-Saharan Africa. According to him, such schemes could drive further scale and development of cities, thereby attracting a greater inflow of private capital and infrastructural development. He also mentioned the potential multiplier effect on tourism and improved quality of life of residents.
In his closing remarks, Obi stressed the importance of getting key fundamentals right in developing mixed-use projects. As an example, he highlighted ACA’s recent investment in Bluewater Lekki , a mixed-use development comprising of over 500 apartments with modern conveniences, 10,000 sqm retail/commercial use and recreational facilities designed for comfort and pleasure, in a secure water-front environment.
About Real Estate Unite
Real Estate Unite is an annual flagship event that provides an important platform for key players in Africa’s property industry to discuss opportunities and issues facing the global real estate market.