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Showing posts from June, 2020

Palton Morgan appoints Turjman as COO in race to expand Nigeria's property sector

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Nidal Turjman Palton Morgan, Nigeria’s foremost property development holding company, in its quest to deliver exceptional real estate projects and drive the exponential growth of Nigeria’s property sector has appointed former Emaar Pakistan Chief Executive Officer, Nidal Turjman as its new Group Chief Operating Officer. Emaar Properties is one of the world’s most valuable and admired real estate development companies with diversified interests in real estate covering both commercial and residential property development. Emaar has a collective presence in 36 markets across the Middle East, North Africa, Pan-Asia, Europe and North America; where Mr. Turjman served almost 12 years in multiple leadership roles including CEO for multiple entities and developments regionally and internationally and led the growth and positioning of Emaar in several international markets. Coming to the job with over 25 years of global experience and proven achievements in real estate developm...

Economic uncertainty triggers demand for warehouse space

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As some retail and e-commerce firms are increasing operations to meet customers’ necessities and home deliveries, there is now a surge in demand for warehouse space.   The industry is benefitting from the dislocation of commercial and social activities resulting in increasing demand for goods bought online. It also fuels the need for distribution facilities at a pace that’s higher than the market has seen previously and high demands in warehousing due to increasing demand for delivery service. Although there is less construction of new warehouses, people are presently converting their properties to mid-sized warehouses. Before now, when there is no high demand for warehouses, some people converted their warehouses to churches as some churches today are occupying warehouses but now reverse is the case as people are converting from other uses to warehouses because of the high demands.   The new development has resulted to high rental prices of warehouse space....

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