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REU: stakeholders to discuss real estate growth factors

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UZEZI ADESITE

Stakeholders believe that the Nigerian real estate sector ought to be more advanced considering the nation’s resources. The challenges to this growth and overcoming such are some of the issues that will be deliberated upon come October, at the third edition of the Real Estate Unite (REU) conference. According to Ruth Obih, MD/CEO of 3invest Limited – a service real estate consulting and investment firm – organisers of the Real Estate Unite conference, the Sub-Sahara real estate market presents an attractive investment opportunity, considering Nigeria’s rebased GDP. She indicated that the real estate portfolio currently accounts for about 7.6% of the nation’s GDP and that it can be improved to be at 40% if better mobilized. Obih, while addressing pressmen at a media press gathering recently to officially announce this year’s REU event and the conference highlights, said what 3invest and its partners aim to achieve at the 2014 REU is find ways to grow the sector through finan…