We are Well-Equipped to Guide You Through Every Facet of Real Estate Law in Nigeria.
At Niji Oni & Co., we understand that the norm is usually the transfer of title documentation and registration, however arguably, before or after, there are several activities that come to play in real estate projects such as Funding; Construction and maintenance.
As a reputable law firm deeply ingrained in Nigeria’s legal fabric, we understand the vital role that real estate plays in the growth and prosperity of individuals and businesses alike.
Navigating Real Estate with Legal Precision
Our Real Estate Practice stands at the forefront of the industry, offering a spectrum of specialized legal services to meet the diverse needs of our clients. Whether you are a property developer, investor, commercial entity, homeowner, or government institution, our team of seasoned legal professionals is well-equipped to guide you through every facet of real estate law.
Over the past few years, there has been rapid growth in the real estate sector and the market has rapidly expanded, it has tremendously increased foreign direct investment and aided the urbanization of states in Nigeria. According to a 2015 report by CBO Capital, the sector was valued at 6.4trillion Naira ($39 billion) and the sector experienced a 3.85% growth in the second quarter of 2021 and grew at 10% per year.
Although the sector experienced a major hit due to the Covid-19 pandemic which resulted in less demand for the sector and investors pulling out funds for fear of a loss, the sector was predicted to still experience a 2.9% growth in 2022 and this is as a result of the increase in the conversation of residential buildings into Airbnb’s and short-let apartments.
With the growing trend, the Firm has had the opportunity of advising on several funding structures for real estate projects and our approach stands at offering comprehensive, practical, and innovative advice through modes of financing.
The Firm has and continues to play a key role with our clients in ensuring that well established contractual obligations and all necessary permits are obtained as one will begin to appreciate such approach after witnessing building collapses. Our advisory has span across the construction of high-rise buildings, private and commercial properties etc, and our exposure reflects in our development of contractual agreements.
By virtue of our expertise and involvement in the Public Sector, the Firm has we been able to establish and maintain strong relationships with regulatory bodies and agencies at the Federal, State and Local Government Levels.
This relationship established has been able to facilitate quick delivery of work to the satisfaction of all our clients.
– Transaction Counsel on the documentation, acquisition and for perfection of 11 Properties in Ogun and Lagos State totally an asset worth US$10,000,000;
– Advising on the first Nigerian US$5,000,000 timeshare hotel resort of 50 keys in Ilashe, Lagos State.
– Advised on the Multi-Billion Naira Ibile Holding’s Ikeja Aviation Plaza for recreational purposes;