REAL ESTATE AND DEVELOPMENT FINANCING

The acquisition, development, management and disposal of real estate are central to the investment strategies of most modern day businesses. But the complexities of real estate investment in Nigeria arising from the land tenure system and the documentation processes  under the Land Use Act and its interplay with diverse and sometimes conflicting  customary land tenure rights, coupled with communal ownership of and  sensitivities to land acquisitions, particularly by non-indigenes in some parts of the country, often make real estate investments fraught with enormous risks in the absence of  the right type of legal advise on the potential and pitfalls of the property being acquired, leased or disposed.

At Capital Chambers, we take pride in our time tested reputation for  providing our clients with advice on all aspects of real estate, including conducting title searches and other due diligence enquiries including compliance with urban and country planning legislation and procedures; property finance; negotiation; investment and  acquisitions; preparation and documentation of title deeds; obtaining necessary consents and approvals; the pre- construction and construction approval processes; lettings and general management work; insurance arrangement; and security work. Our lawyers are well trained in all aspects of property law such that we are able to use their knowledge and expertise in translating the result of our enquiries into commercially-focused advice, which our clients refer to with confidence rather than trepidation.

In response to the Nigerian Government’s recent initiative to promote public and private partnerships (PPP), the firm has made substantial investments in capacity building to enable its lawyers live up to the challenge of providing its clients with the best professional advise on all the different aspects of a project, from the initial structuring and tendering   stage, including legislative and regulatory issues, to the financing and final contractual negotiations. We are currently involved in providing advisory services to a client involved in the first phase of a build, operate and transfer (BOT) project, with a parastatal of the Ministry of the Federal Capital Territory (FCT) Abuja, Nigeria.