Residential Re-development, Louis Solomon Close, Victoria Island, Lagos

Residential real estate redevelopment

Project Info

Client AG Leventis Plc
Skills Development & Financial Advisers | 2015

Project Description

Residential Real Estate Redevelopment means re-using and improving real estate by adding or rehabilitating buildings, making properties more marketable. Real Estate Redevelopment is necessary when properties or buildings are blighted, dated or unprofitable; they are then demolished or at least substantially reconfigured to make way for the new.

Objective

The objective of this study was to prepare the highest and best use analysis for the identified properties to determine their viability and optimal use. AG Leventis Nigeria PLC desired that  their property at Louis Solomon, Victoria Island be analyzed  for optimal returns

Our Value Add

Review of the Property Disposition Agreement for the site, previous market studies for the site and community input, evaluation of physically possible development on the property, based on conceptual plans, collection of market data and evaluation of market conditions for a variety of viable land uses and survey of representative comparable properties.

Key deliverable includes a detailed land-use budget, highest and best use analysis, development regulations and indicative costs.