Home News Globalis Targets Reform of Nigeria’s Luxury Real Estate Sector
News

Globalis Targets Reform of Nigeria’s Luxury Real Estate Sector

Share
Cost of Building a House in Nigeria - Globalis Targets Reform of Nigeria’s Luxury Real Estate Sector
Share

Globalis Real Estate Advisory and Strategy has announced plans to reform Nigeria’s luxury property market through a strategy-driven advisory approach.

The firm’s Chairman and Founder, Frank Oti, disclosed this during the Private Investor Forum 2026 held in Lagos over the weekend.

Oti said the company aims to guide investors, improve service standards, and introduce structured thinking into the high-end real estate segment. He noted that Globalis is focused on advisory and strategy rather than property sales.

According to him, the firm seeks to fill a gap in the market by providing high-net-worth individuals with the information needed to make informed investment decisions.

“We are not selling real estate. We are advisors and strategists, bringing sanity into the chaos of real estate in Lagos,” he said.

Oti added that the firm plans to introduce governance structures such as pre-purchase agreements and homeowners associations to ensure compliance with development rules and improve living standards in luxury communities.

Also speaking, Adeniji Adele, President of the International Real Estate Federation (Africa & Near East Region) and a partner at Globalis, said the initiative would help align Nigeria’s luxury real estate market with global best practices.

He noted that the focus is on delivering secure, high-return investments while maintaining discretion for investors.

The Lagos State Government also expressed support for the initiative. Representing Deputy Governor Kadiri Obafemi Hamzat, a government official said the state remains open to partnerships that promote sustainable investment and urban development.

READ MORE ON: RealtyBox Ng

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
David Umahi on Third Mainland bridge damage
News

FG Shuts Eko Bridge Lane Over Safety Fears

The Federal Government has announced plans to shut one carriageway of the...

Enugu’s Real Estate Market Gains Momentum as Short-Let Apartments Drive Investment
News

Enugu’s Real Estate Market Gains Momentum as Short-Let Apartments Drive Investment

Enugu’s property market is witnessing renewed investor interest, supported by improving infrastructure...

Cost of Building a House in Nigeria - Nigeria’s Reforms Push Real Estate Into Tough, Disciplined Era
News

Nigeria’s Reforms Push Real Estate Into Tough, Disciplined Era

Nigeria’s real estate sector is entering a defining phase as sweeping economic...

NIESV seeks strategic real estate devt in infrastructure corridors
News

NIESV seeks strategic real estate development in infrastructure corridors

Estate surveyors and valuers have outlined strategies to align real estate development...