mag.pdfissue 6

04 Publisher Note05 GHE properties07 NIPC10 Investment in Niger State12 Haggai Homes13 Amen Estate14 Investment Without Tears15 Sterling partnership16 Arabella Landscape 17 Global Homes Subscriptions18 ABC Shelters20 Architecture in Nigeria 22 The New Tejuoso Market24 USA27 South Africa29 Brazil 30 Spain31 Ghana32 Hot tips33 News35 Radio Nigeria

Contents

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29 20

Group Publisher / Publisher in Chief- Roni AkinsAssociate Publisher – Peter AkinmejiwaEditor – Patricia WalkerArt Directors – Swoop Media Ltd (UK)Advert Manager- Adebayo AwofadejuDistribution Manager Nigeria – Samuel Omiyale, Segun OlusanyaContributors: Richard Robinson, Kehinde Olalekan , Modupe Sunmonu, NIPC, Niger State Ministry for housing,

Global Homes Magazine:128 St Edmunds Road EdmontonLondon N9 7PNTel: +44 845 130 6368, fax: +44 845130 6369Email: [email protected]

USA: Tel: +44 323-244-9326, +44 323-702-9470Email: [email protected]

NigeriaTel: +234 (1)7028070261, +234 (1) 07094451985, Email: [email protected]

Ghana Tel: +233 244937935Email: [email protected]

GH Estate is an international property investment compa-

ny that provides a one-stop shop to its property investors.

It has experience in selling a variety of international residen-

tial and commercial property investments. We specialize in

sourcing and structuring excellent property deals globally.

The firm’s international team is based in both London and

Nigeria. We work closely with a network of professionals

such as international lenders, developers, fund managers,

facilities mangers and portfolio mangers around the world.

If you are looking to invest in an international property

look no further than GH Estate we have the experience and

expertise to identify potentially new money-making schemes,

as well as maximize value from more obvious opportunities.

There is a lot of money to be made in the international prop-

erty arena, and there is a lot of potential for new growth.

GH Estate can help you cash in on that potential.

Contact UK: +44 845 130 6368, fax: +44 845130 6369Nig: +44 (0) 7094451985Email: [email protected]

Welcome to our latest issue of Global Homes Magazine. We are still in

the era of a worldwide credit crunch, and this has not only been a con-

cern for the elite or middle-aged, but everyone has been touched in

one way another. Investors are therefore looking far and wide for alternative

investment opportunities.

This is the period to be very assertive and educated, as well as ensuring that

you are a shrewd investor. Hence, all eyes now appear to looking to Africa;

the emerging market. The banks in Nigeria are currently being sharpened

up in order to better compete on the international market. In this season

it is not all ‘business as usual’, and investors – whether individual and busi-

ness – are now seeking openings in Africa, especially Nigeria, as there are

many international banks waiting to invest in this part of the world.

Nigeria is now the place to invest but you still have to be very careful,

and conduct extensive research into the companies or people with whom you may be

dealing. With this in mind, we have partnered with GH Estate a subsidiary of Global Homes Maga-

zine which provides a ‘One-Stop-Shop’ to potential investors. They take the worries out of investing in

Nigeria. Please have a look at the article for more on the company’s profile.

We are now also featuring Investment Hot Spots and reasons to invest in Nigeria. The governor of Niger

State has embarked upon a project which includes building low cost housing for citizens; you can read

more in our in-depth article in the magazine.

We also had a quick pick at what Professor Jerry Gana is doing now; he has launched into Real Estate

development. Have a look in the magazine to see how you can buy into this project.

Considering that I, myself grew up in Nigeria, I have invested in Nigeria, the UK and the USA and I can

confirm that the way forward is to create a global portfolio. Nigeria is fast growing and, as far as I know,

Nigeria is one of the only countries where you can invest in real estate and get two or three years’ rent

up front. This will be music to the ear for any investor.

Please watch out for our TV channel coming soon on Sky TV in UK.

Happy reading.

Roni Akins

PUBLISHERS NOTE INVESTMENT

Publisher’s Note

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Why Invest in Nigeria

VICTORIA GARDE CITY (Lekki)HOUSES:

(A) “REGENNCY” Type 6 Bedroom Detached House on 2,300m plot of land, Along Road 2. Price: 380m

(B) Fully Detached House 4 Bedrooms Plus 2 Room Boys Quarters 80% Completed, Along Rd 49 Price: 110mLAND:

(A) 675m (One Plot) Plot No. P-11, Rd 12 Price: 80m

(B) 900m Plot No z-154 Price: 110m

(C) 900m Plot No. k-7 Price: N95mYABA (Lagos Mainland)

(A) A bungalow on a full plot of land at Herbert Macaulay Way Price: N60m Title: land certificate

(B) A bungalow on 2 plots of land along Herbert Macaulay Way (opposite Sweet Sensation fast food centre) Price: 120m Title: land certificate

(C) A 35 Room Hotel at Sabo- Oyediran Estate Yaba Price: 100m Title: C of O

(C) Vacant 9 Flats (3 and 2 Bedrooms) On Two Floors. At Onike Yaba (Suitable Students /hostel Or Hotel) Price: 60m

IKEJA G.R.A HOUSE:

Detached House of 5 Bedrooms (All Rooms Ensuite) With Swimming Pool On 1 Acre Of Land.Price 850m

OLD IKOYI (ISLAND)LAND:

(A) 5,400m Plot of Land along Moseley Avenue, With Letter of Allocation Price: 1.1bn

(B) 4,500m Plot of Land Along Lawrence Avenue with C of O Price: 550m

(C) 2,900m Plot Of Land along Moseley Avenue with C of O Price 550m

LAGOS ISLAND (CENTRAL) KAKAWA/ MARINALAND: 500m Plot Of land along Kakawa Street, with Land certificate Price: 40m

RE: LIST OF PROPERTIES (LAGOS)

• AbundantResources:Nigeriahasenormousresources,most of which are yet to be fully exploited. They include mineral, agricultural and human resources.

• LargeMarket:Nigeriacoversthemarketinsub-Saharan Africa, with a population of about 140million as officially declared by the government. The Nigerian market potential also stretches into the growing West African sub-region.

• PoliticalStability:Nigeriaoffersastablepoliticalenvironment.

• FreeMarketEconomy:TheGovernmenthascreatedafavour able climate for business and industrial ventures. Administrative and bureaucratic procedures have been greatly streamlined. The Government has put in place policies and programmes that guarantee a free market economy.

• RobustPrivateSector:Thecountryhasadynamicprivate sector, which has assured greater responsibilities under the new economic environment.

• FreeFlowofInvestment:Exchangecontrolregulationshave been liberalized to ensure free flow of international finance. There is now unrestricted movement of investment capital.

• AttractiveIncentives:Acomprehensivepackageofincentives has been put in place to attract investment.

• FastGrowingFinancialSector:Thereisawell-developed banking and financial sector. The investor has easy access to working capital and other credit facilities.

• SkilledandLowCostLabour:Thereisanabundanceofskilled labour at an economic cost, resulting in production costs that are among the lowest in Africa.

• Infrastructure:Rapiddevelopmentofphysicalandindustrial infrastructure, in terms of transportation, communications, electricity and water supply.

President Alh. Umaru Musa Yaradua, GCFR

UMARU CLOSE OFF QUEENS DRIVE (REGAL COURT)

1) 6 units of 5 bedroom maisonette houses N130millionoff-plan2)6unitsof3bedroomspenthouseflats N110millionoff-plan

Fully serviced with all facilities in place. Developers are already on site and work is seriously going on.

IKOYI PROJECT,INVESTMENT GOVT

CONTACT- UK: +44 845 130 6368, Fax: +44 845130 6369 Nig: +44 (0) 7094451985 Email: [email protected] www.ghestate.net

6 7

Nigeria is Africa’s foremost business destination second only to South Africa. Its currency is the Naira. N1.00 is currently approximately 127.00 USD. The country

operates a market economy dominated by crude oil exports with the revenue earnings from the sector accounting for 90% of foreign exchange earnings and 65% of budgetary revenues. Other exports include cocoa, palm oil, groundnuts, cotton, timber and rubber.

Nigeria’s imports are in the region of $14.54billion USD. Import commodities include machinery, chemicals, transport, equipment, manufactured goods and live animals.

In recent times, focus is being directed at non-oil exports and agriculture, which presently account for 30% of the GDP, to diversify the economic base. Opportunities exist for the ex-ploitation and export of natural gas, bitumen, limestone, coal, tin, columbite, gold, silver, lead-zinc, gypsum, glass sands, clays, asbestos, graphite, and iron ore, among others.

The Government has been pursuing economic reforms marked by privatization and deregulation, which seek to transfer state ownership of institutions to the private sec-tor and so engender efficiency in the productive sectors of the economy. These are well articulated in The NEEDS programme. The reforms have led to an explosive growth in the telecoms sector after years of stagnation. The GSM has transformed the economic terrain creating employment and oiling the operations of businesses in Nigeria. The country is traversed by a network of primary and secondary roads, and has 4 international airports, and 6 seaports. It also boasts 12 television stations and 25 national newspapers. Its internet country code is .ng

Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa and the most populous country on the African continent. Nigeria shares land borders with the Republic of Benin in the West, Chad and Cameroon in the East, Niger in the North, and borders the Gulf of Guinea in the south. Since 1991, its capital has been the centrally located city of Abuja; previously, the Nigerian government was headquartered in Lagos.

The people of Nigeria have an extensive history, and based on archaeological evidence, human habitation of the area dates back to at least 9000 BC. The Benue Cross River area is thought to be the original homeland of the Bantu migrants who spread across most of central and southern Africa in waves between the 1st millennium BC and the 2nd millennium AD. However, the Nigerian state came into being on October 1, 1960 when Nigeria declared its independence from the British and at present consists of 36 states and the federal capital territory. Nigeria re-achieved democracy in 1999 after a 16 year interruption by a series of military rulers. From 1966 until 1999, Nigeria had been ruled (apart from the short lived second republic, 1979-1983,) by military rulers who seized power in coup d’états and counter coups. Today Nigeria is a democratic country with tremendous market and investment opportunities.

Geographically, Nigeria lies within three climatic and geographic types: equatorial in the southern reaches, tropical in the central area and arid in the north fringe giving rise to rainforest, savannah and desert vegetations respectively. Nigeria is bisected by rivers Niger and Benue, which merge at Lokoja, then cascade southwards to form the tributaries and creeks of the Niger Delta.

NIPCOne-Stop Investment Centre (OSIC)The operations of the One Stop Investment Centre (OSIC) formally commenced with the official commis-sioning of the Centre by His Excellency, the President of the Federal Republic of Nigeria on Monday 20th March, 2006. The Centre is established by the Federal Government to march the growing interest of Inves-tors in our economy. The establishment of the Centre is a major public sector reform initiative based on investment facilitation mechanism, where relevant government Agencies and Ministries are brought to one location, coordinated and streamlined to provide efficient and transparent services to Investors. This is achieved by re-engineering Agencies’ processes, procedures and requirements for granting business entry permits, licenses and authorizations, making them simpler, shorter, transparent and responsive to the needs of the Investors.

Objectives of the Centre:The objectives of the Centre (OSIC) include the following:

a. To substantially reduce the cost of entry into Business in Nigeria.b. To simplify procedural steps for obtaining business approvals.c. To shorten service delivery time without undermining the policy objectives of the participating Agencies/Ministries.d. To ensure transparency.e. To provide Investment Information and Advice to Investors promptlyf. To fast- track public sector reform that will result in more attractive business environment.g. To maintain close and professional working relationship among government Agencies/Ministries in support of investors.

Participating Government Agencies: Thirteen Agencies/Ministries pioneered the first phase of the Centre namely: • CorporateAffairsCommission(CAC).• NigerianImmigrationservices(NIS).• NigerianCustomsservice(NCS)• FederalInlandRevenueService(FIRS).• NationalOfficeforTechnologyAcquisitionandPromotion(NOTAP).• NationalAgencyforFoodandDrugAdministrationandControl(NAFDAC).• CentralBankofNigeria(CBN).• NationalBureauofStatistics(NBS).• FederalMinistryofSolidMinerals.(FMSM).• FederalMinistryofFinance(FMF).• StandardsOrganisationsofNigeria(SON).• FederalCapitalTerritoryAbuja(FCTA)• NigerianInvestmentPromotionCommission(NIPC

Why Invest in Nigeria

Engr. Mustafa Bello FNSE (Executive Secretary/CEO NIPC www.nipc.gov.ng

GOVT

www.nipc.gov.ng8 9

Housing: Niger State Government is to construct 3,000 housing units in 25 Local Government councils in the state before 2011. The state Commissioner for Lands and Housing, Mrs. Salome Nda-kotsu, disclosed this in an interview with our Publisher, Mrs Roni Akins. She advised that the land for the construction of the housing units had already been acquired, while the necessary papers needed for the compensation of the land owners were being processed by the ministry. Each of the council areas, according to the Commissioner, would determine the actual number of housing units to be constructed in each respective area. She stated that the developers for the housing units, which would be constructed through the Public Private Partnership initiative (PPP), were already on the ground, holding talks with the banks regarding the financial arrangements.Mrs. Ndakotsu added that each of the councils would be paid compensation to cover the people whose lands were acquired for the housing project, as well as sensitise their people on the need to patronise the housing project when completed. She confirmed that the councils would guarantee the purchase of the housing units. The state government would mop up the balance of the hous-es that were not sold after completion of the project, and put it to other uses, adding that, “all the houses will be sold on a first come, first served basis when completed.” When asked about the financial implications of the housing projects, Ndakotsu replied, “I cannot tell you the actual cost, as the developers and the financial backers are adding their final touches, but the cost of completion but will run into billions of naira.” The Commissioner explained that the housing units would be two and three bedroom detached houses, costing N3.9 mil-lion and N2.9 million respectively, with enough land for future expansion by the buyer. She further stated that workers would be expected to pay 10 per cent of the cost of the house, as a pre-condition to owner-ship. They would then need to approach a primary mortgage institution to assist with the balance of the payment. Niger State Government has concluded arrangements to con-struct 15 housing estates across the state.Mrs. Salome Ndakotsu, who disclosed this in Minna at a press briefing, said some of the building of some of the projects had already commenced.

Mrs. Ndakotsu explained that the government was embark-ing on the mass housing project to enable civil servants and other low income earners in the state to own personal houses. She stated that the housing project will include the Gen. M. I. Wushishi 500-unit housing estate along the Eastern bypass, Minna; 500 units along Maikunkele Road, Minna; 500 units along Minna-Bida Road, Gaduge; 500 units in phase I along Tagwai Dam road, Minna and 500 units along Minna-Paiko-Suleja Road. Others include 500 units along FM Radio station, Minna; 500 units opposite field base, Suleja; 500 units along Dikko-Maje Road, Tunga Shanu; 500 units along Dikko- Kabo road and 250 units along Kontagora-Tegina road, Kontagora. The others in-clude 250 units at Lemu, 200 units in Lapai, 150 units in Kuta and 250 units in New- Bussa. The Commissioner disclosed that compensation for the land acquired for these housing estates have been paid in some cases while others are being worked out. Mrs. Ndakotsu also revealed that a new Government House is to be constructed along Eastern bypass in Minna. She explained that about 360 hectares of land had been ac-quired for the project while the compensation was being worked out. According to her, the cost of the project was to be handled in phases and would be incorporated in next year’s budget. The Commissioner said that, according to the plan, a three arms zone for the executive, legislature and judiciary would be developed and sited in the same area.Niger state is blessed with a rich agricultural and natural resource endowment for

development in the new millennium. Advancement can be made in developing the tourism, housing, industrial, solid mineral, agricultural and food processing sectors

for sustainable development and poverty reduction.

AspartoftheeffortofthenewGovernmentofNigerState,anenvironmentwillbecreatedfor the inflow of domestic and foreign investments as well as protecting existing ones. To develop this vast resource, the State Government will set up Niger Industrial Develop-ment Authority (NIDA) to serve as a link between it and the business community.

INVESTMENT OPPORTUNITIES IN NIGER STATE

• allocationofannualmoniestosupportagro-alliedindustries;

• facilitationoftimelyissueofcertificateofoccupancyforindustrialorbusinesssites;

• thedevelopmentofinformationcommunicationstechnologyandindustrialestatesineachLGA;

• waiveroffeesinrespectoflandtransactionsinvolvingnewbusinesses;

• exemptionofnewbusinessesfromhavingtopaypropertyrates,foraspecifiedperiod.

NIDA will offer the following incentives to prospective investors

We will develop a culture of good governance, which respects broad-based participation, transparency, accountability, integri-ty and fundamental human rights. This will help to ensure the success of this socio-economic re-engineering. We will develop functional relationships with development experts, community based development associations, local, private, national and international donor agencies as well as non-governmental organisations (NGOs).

INVESTMENT OPPORTUNITIES IN NIGER STATE

Dr Mu’Azu Babangida Aliyu(Governor of Niger State)

GOVTGOVT

10 11

INVESTMENTSINVESTMENT

It is an ambition of most Nigerians in Diaspora to build their own little castle in their homeland or at the very least have some investments at home. The usual scenario for these Diaspora when they return to Nigeria is that they end up back in the family house for those who are fortunate enough to have parents with homes in the city or they may find themselves lodging with relatives and footing the bill for all household expenses while they are “guests”oftheserelatives.Theotheralternativeofcourseisahotelbutthisisattheriskofoffendingrelativeswho might feel rejected by your choice.

What then militates against the Diaspora dream of home ownership in Nigeria? Well we have heard the horror stories and experienced it first hand in some cases. Money sent to relatives being diverted for other purposes, houses that were never built, land that was never acquired and so on.

These stories are enough to deter the wary and even for those prepared to press on regardless, it becomes necessary to investigate ways of achieving the desired goal of home ownership in Nigeria without losing all one’s life savings in the process. Of course the other difficulty lies in the fact that the use of bank finance for property acquisition was previously not wide spread in Nigeria.

The good news is that there is now a variety of finance options and specialist agents catering to Diaspora client requirements in the property sector. As a cross border practice we have also been able to meet our Diaspora clients’ needs in this area by working seamlessly between Lagos and London to cover all aspects of the conveyance transaction.

Whilst the most secure form of tenure is the certificate of title, there are various other forms which, with the right safe guards are equally acceptable such as a deed of assignment, purchase agreement on a traditional land hold-ing, letter of allocation or a sublease of an existing lease.

Suffice to say that you must exercise the same level of caution as you would in the United Kingdom. It is unthink-able in that jurisdiction to attempt to acquire a property without a lawyer’s involvement and the same is appli-cable in Nigeria except for the fool hardy. With guidance and advice from your lawyer, you can invest in property without tears – as far as the conveyance of a good title is concerned. In relation to the value, I can only repeat what every mortgage lender says which is that property prices can go up as well as down and if you are borrow-ing to acquire your property you have to be able to repay according to the terms of your loan.

PROPERTY INVESTMENT WITHOUT TEARS

Boma Ozobia is also the managing partner of Sterling Partnership Solicitors LLP a London based firm of Solicitors with associate offices in Accra and at 109 Awolowo Road Ikoyi – Lagos.Email: [email protected] Web address: www.sterlingpartnership.com

LEGALLEGAL

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Email: [email protected]

The Lagos State Government under the adminis-tration of Governor Babatunde Fashola has scored another milestone through its recent award of the Lagos Marina Linear Park (consist of the Inner and Outer Marina Linear Park) and the Falomo Clover Leaf Redevelopment by Messer’s Arabella Land-scape Limited, in the Lagos metropolis.

The aim of the project is targeted at creating a Cleaner, Greener and Safer Lagos through the redevelopment of the Marina and the Falomo Clover Leaf into a scenic tourist destination; which will also serve as a visual and aesthetic relief for the residents and offices in the vicinity. Amenities such as: Security posts, Standby generating sets, Park Benches, Park Lightings, Refuse Bins, Palisades, Paved walk ways and green lawns will be available on the parks.The redevelopment will mark an important step in the delivering one of the key promises of the present government of Lagos State Government during the electioneering campaign; which is to provide a beautiful and clean Lagos.

For over close to 15 years, Arabella Landscape Limited has been providing outstanding landscape design, installation, maintenance, irrigation and lighting services to discerning clients in the dif-ferent regions of the country. Arabella landscape Limited is currently an overseas member of the renowned British Association of Landscape Indus-tries (BALI).

AWARDED LAGOS MARINA REDEVELOPMENT.

ARABELLA LANDSCAPE LIMITED

PRESS RELEASE

Arabella Landscape Ltd. No5,ChapelStreet,OffAjeStreet/CommercialAvenue,Sabo-Yaba,Lagos.

P.O.Box 1885, Sabo - Yaba, Lagos. Tel: 01-7741488, 3425197, 3425198 E-Mail: [email protected]

[email protected]

LANDSCAPES

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Abc Shelters Ltd is an Abuja based property develop-ment and management company established with a strongdesiretoprovidedecent,qualityandafford-

able houses. Poised to meet our service obligations we are strongly committed to prompt service delivery, high ethical standards, and industry best practices.

OUR VISIONTo build a world class property development and manage-ment company, driven by the principles of professional excel-lence, corporate integrity and global best practice.

OUR MISSIONWith our team of international experts, we are determined to inspire positive change and create value through provision of innovative solutions to property development in Nigeria.

WHAT WE OFFER Our core products and services include:• PropertyDevelopment:estates,singlehomes,high-rise buildings, service apartments, schools, offices and industrial complexes;• LandscapeDesignsandDevelopment;• EnvironmentalSustainabilityServices;• InfrastructureDesignsandConstruction;• FloodControl;• ProjectConception,DesignsandPlanning;• PropertyManagementandFacilityMaintenanceand• TechnicalConsultancyandTrainingServices.

OUR PORTFOLIOWe have executed projects in at least nine states of the fed-eration, including the federal capital Territory Abuja, and are currently developing the following projects:

a. Lifespring Estate, Karu-Abuja: with a total of 140 units of luxury homes, comprising 2-5 bedroom bungalows, duplexes and terraced apartments. Lifespring Estate is located in a serene countryside environment of Karu. It is being developed with world-class technology, with exquisite finishing, interiors, excellent landscaping and urban infrastructural facilities. The estate is targeted at medium and semi high-income earners, who desire the option of a quiet, peaceful and healthy life in the countryside.

b. Jos Garden City and Karu Falls Resorts: these projects are being executed in partnership with Plateau State Government under a public private partnership structure aimed at development of a new garden city and world-class tourism facility in Jos and Karu, respectively. The development is targeted at Nigerians and expatriates. Though integrated, each project is conceived as an independent entity. The central aim is to promote housing, tourism and recreation businesses and enhance the environment on the plateau.

c. VON Garden City: A new garden city development along the international Airport Road, Abuja, with about 1,000 units of luxury homes and apartments, supported with modern recreational facilities and a business com plex. VON City is a public/ private partnership between Voice of Nigeria (VON) and the Shelters Ltd.

OUR LEADING EDGEWe have a strong project partnership team made up of some of the best and finest managers of professional firms, cutting across all aspects of building engineering and construction technology. The benefit is that every one of our projects and products goes through very rigorous technical processes and quality tests, from conception to completion. This enables our clients to have the highest available value on any project.

Abc Shelters Ltd

DEVELOPMENTDEVELOPMENT

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The great British Prime minister, Sir Winston Churchill said “we shape our buildings; thereafter they shape us”. This means that the building and the physical environ-

mentweinhabithaveawayofaffectingourphysicalandpsychological being.The fundamental function of a building is to provide ad-equate protection from the harsh environmental conditions such as wind, rain, sun, noise and predators. An examination of the Nigerian building industry vividly reveals the astro-nomical influence of architectural styles adorning residential, commercial and public buildings that spread the major cities in Nigeria.

Perhaps in terms of discussing the predominant architec-tural style of any geographical region, one must X-ray the cultures and technologies of the people of that era. It can be observed that in olden days most buildings were erected from materials such as mud, sun dried brick, wood, thatch and grasses. The culture of people of a particular region was glaringly reflected in the type of shelter they had. The Hausa buildings were characterized by flat or domed mud roofs as a means of defense as well as prestige, the Yoruba and Igbo culture also had predominant features by which they were

known but all these were swept away because of the invasion offoreigninfluenceswhichaffectedourlifestyles;andalsofrom unprecedented reference and excessive reliance upon imported materials/technology used in creating the type of architecture most often considered a symbol of progress.

If we take a trip around major cities in Nigeria the influences of architectural styles of Nigerian firms can clearly be seen as varying from the Modernist impression of great Architects such as Le Corbusier, Walter Gropius, Eisenman. This style is famous for the omission of solid elements at the corners of the structure which heightens the impression of the building as a glass-enclosed, transparent volume. This movement re-placed the use of stones, and excessive use of steel and glass. This can be seen in the works of ARG Studio in Lagos.

Post modernism is about the most popular style with Nigerian Architects; this style is the re-emergence after the rejection or reaction of modernism around the world and it is characterized by the presence or re-emergence of ornament. Klif consultant is a renowned Nigerian firm which is noted for this style of architecture. Bofil Nigeria Ltd also employ this style and this is evident is the use tone and shades of materials in their buildings. Some Nigerian Firms have simply embraced styles of archi-tecture which clearly, is a deviation from the overall built environment. Architectural critics say it’s a reflection of the influence of deconstruction which Peter Eisenman and Japa-nese architect Kazuo Shinohara are known. A sample of this can be seen in the work of Kenatelier. A man without a philosophy, they say, gropes in the dark. In designing, an articulate philosophy is required at least for the true architect. Nigerian clients who go abroad in search of designers no longer need to do so. Whatever your style, from Post-modernism to structural expressionism or the renais-sance style of the American, you will find the firm for the job. By Kehinde Olalekan

Architecture in Nigeria

AC Townhouse Lagos 2006.

AC Townhouse Lagos 2006. Lagos 2004.

Lagos 2008

Lagos 2009.

ARCHITECTS ARCHITECTS

20 21

ARCHITECTS

We provide 100% funding (acquisition and development) for a number of projects around the world with a security required of only 10% of the funds and this percentage is potentially reduced with more secure projects.

Qualified project types include Residential and Commercial Development Opportunities, Hotel-Casino Complexes, Large Government Affiliated Projects, Airports, Civil Infrastructure, Luxury Resorts, Refineries, Large Public or Private Housing Development Projects, Government Construction Projects, Shopping Centres, Hotels, Companies seeking funding to Merge with, or Acquire other companies, Energy Projects etc.

Highlights

Projects consideredDevelopment Opportunities (not speculative, pre-lets / pre sales required) Forward funding Opportunities Mergers, Acquisitions, and Other Restructuring Activities Government Projects (If the projects are in the developing world additional security may be required) Investment Opportunities Infrastructure Projects (Roads, railways) Stadiums, Sporting Venues Purchase of Property Companies Renewable Energy Projects (Wind, Solar) Energy Projects (Oil, Gas, Mining)

10% Security RequiredCash, Letter of Credit, Government Guarantee, All security types will require verification.

Next stepsBrief Project outline Amount of Funding required Signed commission agreement for 5% Bank comfort letter for 10% of the funding. Meeting with the fund manager.

DO yOU OR yOUR ClIENTS REqUIRE fUNDING fOR wORlDwIDE PROjECTS?

Of COURSE yOU DO.

Please call or email for more information regarding your particular project. [email protected]

• Minimum loan facility of £300m (this can be across multiple projects and is negotiable). • No maximum facility and can go into the billions of dollars. • 4.5% interest rate fixed for the duration of the term. • One off 5% commission payment, this is paid on draw down of the funds. • 10% security required (stronger covenants require lower deposits). • Non-recourse lending.

FINANCIAL

In March 1985 I started my first business, an IT Training company based in Park Lane, London. Within 6 months of starting the business my accountant advised me that we were making such substantial profits that unless we spent the money we would be liable for a very hefty tax bill. To that end I started purchasing rental properties in London and discovered that I absolutely loved the property business.

With the IT training company going strong, we expanded the business in 1988 with the opening of a recruitment company in Holborn, London. Things looked great; an IT business, a recruitment business and rental properties. However, disaster soon occurred in the form of the 90’s recession. All 3 income streams were simultaneously hit and within a few months I was forced to close down the training and recruitment centres. We restructured the business by ensuring that training would only be carried out on client’s premises. The important lesson that I learned was that I needed to acquire an income stream that was recession proof.

In April 2001 I ventured into the USA Real Estate market. Why did I start to invest in the States - well the major reason was the PENSIONS FIASCO. More and more I kept hearing about a pensions crisis and that there were not enough youngsters working and paying into the state to be able to give me a decent pension when I retired.

IntheUSAIdiscovereddifferentwaysofmakingmoneywhichwereindeedrecessionproof.Ihopeyouwilltakethe time to read the information on this site and attend either a live mini training or an online mini webinar where I will share with you secrets about investing in the States and why I prefer to invest my money there, and why I think you should too.

I look forward to meeting you either online or live at a mini training.

Ayshe Kadir - Founder and CEO

Property Partner ProgramPartner with UsIn the UK, there are an awful lot of seminars asking you to pay for courses. Whilst a great many of these courses do have value, the sad fact is that many people attending seminars end up with just two things - money out of their pocket and manuals/CDs/DVDs that sit collecting dust on their shelves. In this current climate we know that inves-tors need two things:-1. Cash2. Safe, Quick Return on your moneySo how do you get these? That’s where our Property Part-ner Program comes in.So, What’s the Property Partner Program? Our Property Partner Program is simply to BUY & FLIP USA properties every 120 -180 days.

PROPERTY PARTNER PROGRAM

The aim of the Property Partner Program is to provide a passive investment opportunity for our partners. The inves-tor becomes a shareholder in one of our US companies. That company purchases foreclosed properties, rehabs the properties and then sells properties.

We have on board the following:-

1. Own construction crews in Georgia and Florida2. Realtors who are experienced at marketing prop-erties to the first time home buyers, which is the market we intend to sell the rehabbed properties to.3. Finance company who will arrange for a mortgage for the new purchasers.4. Attorneys who will handle the acquisition and the resale legalities5. Accountants who will organise the distribution of shares and the payout of profit.

SAFE INVESTMENTS

All investments carry risk. Our property partner program intends to take every precaution to ensure successful results, but no results can be guaranteed. That said, based on conservative calculations, we aim to return a 30% cash on cash return for every property that we acquire, rehab and resell.

INVESTMENTUSA

259 N Willett St, Memphis, TN 38112TRIPLEX / LARGE SFHPrice: $128,000Repairs: $46,000ARV: $300,000

NOTE:Willett St is a 3112sqft Single Family House, but it could be a TRIPLEX. It actually used to be a triplex, but the current owner switched it back to an SFH. It will be very easy to turn it back into a triplex and the current tenant is moving out. When it was a triplex it was rented to a single family who paid $1750/mth (would be more with 3 families). As an SFH it should retail around $300,000.00 and you can have it right now for only $128,000.00. As a triplex it should appraise for around $230k. (note that the property is zoned for a single family, but as it was previously a triplex, the county would allow a change back)

When looking at comparable sales and rentals please note there is NOTHING recently sold that is this big

This property can rent for $1,750 per month.

Bedrooms: 3 Baths: 1 Garage: None

2259 Emerson Ave, Dayton, OH 4540612 APARTMENT COMPLEX - FANTASTIC DEAL!Price: $230,000Repairs: NONE - FULLY REHABBED FMV: $400,000

Awesome investment Property. Fantastic Location. Would be a great cash flow property.

This property can rent for $4,800 per month.12 One Bedroom One Bath Apartments

4072 Twin Lakes Dr, Memphis, TN 3812812 APARTMENT COMPLEX - FANTASTIC DEAL!Price: $60,000Repairs: $7,000 ARV: : $100,000

AALTERNATIVELY YOU CAN PURCHASE THIS FOR:

Price: $69,000 Repairs: NONE ARV: $100,000

TENANTED WITH TENANT PAYING $825 per month at Closing

This This property can rent for $825 per month.Bedrooms: 3 Baths: 2 Garage: None

753 Mohawk Ave, Memphis, TN 38109Price: $27,000Repairs: $17,000ARV: $67,000

This property can rent for $4,800 per month.Bedrooms 3 Baths: 1.5 Garage

USA

www.onvestinthestates.com

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SUNLIGHT & FRESH AIR This well planned architect designed home has a lifestyle to be envied. Superior quality finishes throughout. A delightful mingling of sunlight and fresh sea air enchants this storybook family residence. 180 Degrees ocean views. HEROLDS BAY at its best. The house is on 3 levels and can accommodate 3 families, living separately. 5 Bedrooms, 5 living areas, balconies, indoor & outdoor BBQ areas, 2 kitchens, 2 garages, study, store room,...

3081 R8 500 000

EXCLUSIVE SEAFRONT LIVING This immaculate seafront property has private access to the beach and unspoilt views. A comfortable, appealing and elegant home. Swimming pool, outdoor braai and entertainment area. Superior granite finished kitchen. 3 Bedrooms, 3 exceptional living areas, 2 garages and a 1 bedroom self-contained flat.1863 R5 450 000

A GEM IN FANCOURT This north facing three en suite bedroom home has uninterrupted views over the estate and the Outeniqua Mountains. A superb family home with a large open thatch living room opening to a covered BBQ/ p...3046 R7 200 000

A HOME OF MAGNIFICENCE AND SPLENDOURExperience old world stateliness and charm in this perfectly decorated home of generous proportions. An entertainer’s dream with large living areas (4 lounges and dining-room), one lounge fitted with...3072 R6 700 000

COME TO AN EXCEPTIONAL PLACE Live and relax. The life-style you have been waiting for. This will change your life and living experience once and for all. Situated in a prestige development with ocean, mountain and Golf Course ...

2232 R6 500 000

South African Properties

The Investment Green Card’The USCIS (the US Citizenship and Immigration Service) refers to this category as an Investment Green Card, an American green card to you and I, since it is based on making a substantial financial commitment to create additional employment in the US.The EB5 Visa, based on a qualifying US investment, provides a green card before you emigrate. It does not require you to manage theday-to-dayaffairsofabusiness,youmayinvestinanexistingora new business, more than one person may invest and you may be a minority owner.

With a Green Card, you may live anywhere in the US, no matter where the investment is made, and are free to do whatever you wish, be it work, run a business or retire. YoumayqualifyforanEB5inthreedifferentways:

•Invest$1,000,000andhiretenemployeesanywhereintheUSA,or

•Invest$500,000andhiretenemployeesinanareawheretheunemployment rate exceeds the national average by 150% or the rural population is less than 20,000, or

•InvestinaGovernmentdesignatedRegionalCentreandavoiddirect employment.

American Lifeuses an economist to quantify sufficient indirect em-ployment before making its properties available to EB5 applicants. It also has its Regional Centre certified as a high unemployment area which keeps the minimum required capital to $500,000.

Funds may come from any legal foreign or US source; including gifts, loans, executive pension funds, trusts and divorce settle-ments. Whoever receives the visa must make the investment. Bor-rowed investment funds qualify as long as they are not secured by the assets of the target US investment.

More than 90 per cent of British EB5 investors choose American Life. Why is that?

•Ourinvestmentsarestraightforward-Freeholdcommercialprop-erties with no debt, good income and capital growth prospects. •WearethelongestestablishedRegionalCenter. •WeattractalmostasmanyimmigrantinvestorsasalltheotherRegional Centers combined. •AlmosthalfourinvestorsareUScitizenswhoinvestonidenticalterms. •Bankinterestispaidtoinvestors,usuallymonthly. •Rental income of approximately 5 per cent net is paid to investors monthly. •Wehavea100percentsuccessrecordwithEB-5visaprocessing.•Wehavea100percentsuccesswithConditions’Removal,sometwo years after emigrating.

Program Summary

A Green Card or Permanent Residency gives the holder the right to live and work anywhere in the US.

There are many visa categories. Some allow you to apply for a green card after you have been in the USA for a specific period but most do not. The EB5 visa is unusual in that it provides you with a green card at the outset. When you emigrate, you do so knowing that you and your immediate family have Permanent Residency. You may apply for citizenship after five years.

Work or retire, the choice is yours The current legislation enables EB5 Regional Center investors to retire to the USA and provides families (parents and children under 21) with immigration security, eliminating the need and worry of reapplying, as with most other visa categories. It also provides the flexibility to live anywhere, take any job, own and operate any business and to change employment without restrictions.

The 2003 Regional Center investment legislation was introduced as a Pilot Program, which operates for five years and is due to terminate in September 2008. We are lobbying for an indefinite extension, without which retirement and permanent US residency will no longer be available to many people. American Life is a com-mercialpropertydevelopmentandmanagementcompanyoffer-ing ‘EB5 qualifying’ investments in prime commercial real estate in Seattle, Washington State. Our investors, collectively, represent one of the City’s largest real estate portfolios.

Almost half the company’s investors are non-immigrants, typically US citizens living nearby and not needing a green card. We have been buying, developing and managing commercial property in Seattle for over a decade. We are highly regarded with a success-ful business model which appeals to resident Americans, usually for pension income, and which provides prospective immigrants with a safe, income bearing investment, as well as qualifying for permanent US residency.

We have the most established of the Regional Center investment programs and consistently attract EB5 visa investors because:

•Wehaveasuccessfultrackrecordwithapproximately$400millionof property under management. •Ourpropertiesaremortgagefree,tomaximiseincomeandmini-mize risk. •Wedistributerentalincomemonthly,providinginvestorswithatypical return of 5% p.a. •UScitizensinvestinourpropertiesonidenticalterms.Mostlivenearby. •Wehaveanactivesalesoperationtoassistgreencardholderstosell their properties, when allowed to do so, after approximately three years.

The EB5 visa for a US Green Card (permanent residency) by investing into the most popular Government approved Regional Center

USA GREEN CARDYou and your immediate family can now obtain green cards (Permanent US Residency) with an EB5 visa by investing $500,000 into a Government approved Regional Center. It will give each of you the security of permanent US residence without repeated visa applica-tions. Citizenship may be obtained after five years. With a Green Card via an EB5 investment visa you will have the flexibility to take any job, run any business, retire and live anywhere in the USA. You will have access to many of the benefits enjoyed by US citizens, such as education and in States such as Florida you will enjoy substantial savings in property tax.

We work alongside a number of specialist EB5 immigration attorneys. Our collective Regional Centre expertise has been a major factor in maintaining a 100 per cent success record in securing green card for our immigrant investors. EB5 Visa - ‘The Investment Green Card’ The USCIS (the US Citizenship and Immigration Service) refers to this category as an Investment or Employment-based Green Card since it is based on an investment in a US business which will create at least ten US jobs.

Contact us on www.globalhomesmagazine.com

GREEN CARD SA PROPETIES

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Sea View Estates – BortianorThis is a 25 acre development planned for Bortianor. Cur-rently we are in negotiations to acquire the land. We would want to assure our clients who are interested in the Bortianor Scheme that due to the well documented land procurement problems in the area, we are taking exceptional precau-tions to guarantee the security and safety of our investment. Therefore we anticipate that this scheme may take longer to go on stream. Based on the stage of our current negotiations, we anticipate that ground works will start in early 2008 with actual delivery of houses programmed for the second quarter of 2008.

Sunshine Beach DevelopmentAs part of our business portfolio, we intend to develop a unique beachside estate housing scheme comprising 20 holi-day villas. This development is aimed at individuals and corpo-rations with an eye for hospitality, relaxation and privacy.

Feasibility studies are currently on-going to identify the most suitable locations with adequate access. Potential sites being investigated are at Dawenya, Senya Breku and Ada. Watch this space for more information!

Sea View Estates – BortianorThis is a 25 acre development planned for Bortianor. Cur-rently we are in negotiations to acquire the land. We would want to assure our clients who are interested in the Bortianor Scheme that due to the well documented land procurement problems in the area, we are taking exceptional precau-tions to guarantee the security and safety of our investment. Therefore we anticipate that this scheme may take longer to go on stream. Based on the stage of our current negotiations, we anticipate that ground works will start in early 2008 with actual delivery of houses programmed for the second quarter of 2008.

Cochrane Villas – Pokuase, AccraCochrane Villas, our exclusive development, is located about

200mofftheNsawamdualcarriagewayatPokuase,ontheACP Estates road, in Accra. It comprises a 72 housing devel-opment of 2, 3 and 4 bedroom detached houses serviced by tarred access roads, street lighting, drains, electricity and water. The development is within easy reach of Accra with access roads through the Kwabenya – Legon route or the Ofankor – Achimota route. On the average, it takes about 30 minutes to get to Accra Central.

Houses at Cochrane VillasSpecial Introductory Price - $45,000This unique 2 bedroom house comes with a lounge, dining, 2-bedrooms, garage, car port, balustrade enclosed porch, guest toilet, kitchen with store, an enclosed kitchen terrace, and many other facilities. The total floor area is 144m2 on a 70” x 65” (422m2) plot. Features include; tile imprint roof,, sliding glass windows, tiles in bath & kitchen, T&G sealing in lounge and eaves, 4ft boundary walls with pedestrian and vehicle gates etc,

Special Introductory Price - $75,000This fantastic house comes with a master bedroom with ensuite facilities, 2 other bedrooms, kitchen with store, an enclosed kitchen terrace, guest toilet, car port, garage, bal-ustrade enclosed porch and many other facilities. The total floor area is 176m2 on an 80” x 72” (534m2) plot Features in-clude; tile imprint roof,, sliding glass windows, tiles in bath & kitchen, T&G sealing in lounge and eaves, 4ft boundary walls with pedestrian and vehicle gates etc,

Special Introductory Price - $90,000A gorgeous 4-bedroom house that comes with a master bed-room with ensuite facilities, 3 other bedrooms, kitchen with store, enclosed kitchen terrace, guest toilet, car port, garage, balustrade enclosed porch and many other facilities The total floor area is 208.6m2 on a 90” x 72” (601m2) plot. Features in-clude; tile imprint roof,, sliding glass windows, tiles in bath & kitchen, T&G sealing in lounge and eaves, 4ft boundary walls with pedestrian and vehicle gates etc,

GhanaCrunch the Credit Crunch with the Brazilden Bond Dear Investors Likemanyofyouwehavebeennavigatingtheeffectsofthecredit crunch, and for those of you who know us well by now know that we will have been using the current situation of find the best opportunities to make money from property. With this in mind we are not only pleased but excited to Present the Brazilden Bond.

These are Bonds issued by a reputable company looking for investment against land which has been zoned for develop-ment in the North East region of Brazil .

Using their long established local contacts the land has been secured at such a great discount that it has already almost tripled in value. This has now given them considerable lever-age and they are aiming to raise funds secured against this landandareabletoofferamassive44%returnover2yearson an investments starting as low as just €5,000. They are also willing to negotiate better rates for larger investors on a case by case basis. Further more, investors in the land bonds will have 1st op-tiononthecompletedapartmentsatadiscountoffthetruemarket value.

Put simply, you invest your money risk free as it is secured against land which is worth triple what it was bought for. You receive a massive 44% return on your money via regular payments over 2 years and then you get 1st option on buy-ing into a luxury development in the prime tourist region of Brazil at a massive discount. As I said before we are proud to have secured this opportunity and very excited by it.

Please look through the prospectus and give us a call as the 1st issue of these are going very quickly and any following issues can not be guaranteed the same rate of return.

Happy investing and remember, Recessions are when the real money is made

Introducing one of the best returns on your money available today and a bril-liant plan for massive profit in the future

SPANISH INVESTMENT GHANA INVESTMENT

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How a Foreign National Can Buy Real Estate in AmericaOpportunities for real estate investment for foreigners is wide and varied in the United States. It doesn’t matter where you’re from and what currency you’d be using to purchase a property, you have a property waiting for you .There are generally three kinds of real estate investment available to foreigners. These investments include the commercial estate investment and residential property investment. Residential properties are further classified into single family properties, apartments or condominiums and recreational properties. Regardless of what kind of real estate you are interested in, there are all sorts of tax ramifi-cations, financing options and legal requirements that you have to deal with.

Why Should You Invest in the U.S. Real Estate Market?You’ve probably heard of the increasing number of foreign real estate investments in the United States. This is not surprising. With the troubles that the real estate investment market is facing in the United States, greater opportunities in real estate investment were opened to foreign investors.

With the dollar’s value in its all time low, foreign investors are finding real estate bargains all over the United States. There are no shortages of deals in this market. More and more distressed properties are being sold everywhere and foreigners are pouring in millions buying these foreclosed or distressed properties. The United States real estate has become a fairly attractive long-term investment for foreign investors.

In November of 2006, the National Association of Real-tors released a report entitled “Foreign Investments in U.S Real Estate: Current Trends and Historical Perspective”. The report showed that there has been a steady increase in foreign real estate investment in the United States. This is especially after the euro and the loonie became stronger in the face of the continuous devaluation of the US dollar. Prime bargains were opened to foreigners. Many foreigners have now looked into the possibility of retiring or settling in the United States.

If you’re a foreigner, you would find a lot of reasons why you should invest in the United States real estate market. Aside from the fact that the floating exchange rate has given you a lot of leverage over the bargaining table, the financial market is a pretty good reason why you should invest in the US real estate.

The financial market in the United States in relation to the real estate market is quite liberal and the restrictions against foreign investors are pretty reasonable. This is ideal for foreign companies that are seeking to invest in the real estatemarketintheUnitedStatesinordertoavoidtariffrestrictions and are considering setting up an office or a company in the United States.

Furthermore, despite the devaluation of the US dollar and the wide foreclosures of a lot of property, the real estate market remains to be stable, though slightly shaky, due to foreign investors’ capital appreciation. Domestic real estate buyers may not necessarily share the same opinion, but the market has remained to be strong for foreign real estate buyers. This may be largely credited to the fact that there is minimal risk for them.

Why are Foreign Real Estate Investments Safe and Profitable?There are a lot of investments you can make, but the safest you can make right now is investing your money in real properties. This is another good reason aside from the fact that you can make a pretty nifty profit, if you like, particu-larly now with the widespread property foreclosures and seemingly continuous US dollar devaluation. This is espe-cially true if you are going to use the euro or the loonie when making your investment.

But why is US real estate investment safe for foreigners?It is undeniable that stock investments are not a safe avenueatthispoint.TherecessionhasnotonlyaffectedtheUSeconomy;thesamerecessionhasgreatlyaffectedworldwide stock investments. Stocks values are dropping. It is also a fact that even without the current economic situ-ation, stock values fluctuates.

On the other hand, real estate investments are pretty stable if you would compare it to stock investments - or even bond or mutual fund investments. With real estate invest-ment, you’d be putting your money in an investment that would grow in value as years go by.

What are the Benefits of Foreign Real Estate Investment?US state government supports foreign investments and along this line has formulated various tax breaks to encour-age foreign investment on real estate. Many of these tax breaks are not available in many countries. In fact, most countries would frown at foreigners owning real properties within their territory.

Foreign real estate investment in the United States is open toeveryone.Aslongasyoucanaffordtobuythepropertyor at least comply with the mortgage requirements and payments, you can secure for yourself a pretty good prop-erty in the United States. Again, with the current economic situation of the United States, this is the perfect chance for you to make an investment.

Another great benefit that you can take advantage of is the availability of mortgage financing. Lenders have opened their doors to foreign investors who are looking into pur-chasing a property. So, you don’t have to actually deplete your bank account. You can actually secure a mortgage loanandgraduallypayitoff.

To be continued.

How a Foreign National Can Buy Real Estate in America

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