West Africa Club MeetingLagos - Nigeria, 28th February 2017

OFF THE RAILS OR BACK ON TRACK?

GRI Africa Club met for the first time on 28th of February. In Lagos, the Club Meeting gathered the Club's founding members in the region. Chaired by Uzo Oshogwe, the likes of Colin Mukete, Adeniyi Falade, Odenigwe Ike Michaels and friends discussed the major challenges of the day...

LUXURY REACHED ROCK BOTTOM
Members felt that Nigeria had hit rock bottom for high-end real estate. However, one developer implored others that it is just about the right product. Luxury units have to compare favourably with Dubai and London. It's not the market’s fault if units don't sell.

AFFORDABLE HOUSING OPPORTUNITY
Many felt that affordable housing was the greater opportunity. In Abuja alone, there is huge demand. Lagos, whilst more expensive to develop, is also very appealing. The most realistic segment was agreed to be the mid/upper end of affordable, where mortgage providers will lend. Beneath that segment, developers need to be creative with payment structures.

DIVERSIFICATION
Many agreed that the Francophone region was a stable and attractive market. However, many Nigerian members agreed that it was prudent to first master the market where one feels most comfort.

PUBLIC/PRIVATE INTERACTION
Members felt that further to using GRI Club to network and share ideas, the Members could join together to communicate more effectively with policy makers. 

Timetable

TUESDAY, FEBRUARY 28

09.00 - 09.30 Registration


09.30 - 10.30 Discussion


10.30 - 11.00 Breakfast & Networking

Advisory Board
Adeniyi FaladeAdeniyi FaladeCEOCrusader Sterling Pensions
Britt GwinnerBritt GwinnerHead of Housing FinanceIFC Sub-Saharan Africa
Colin MuketeColin MuketeChairman & CEOCaisse Properties Group
Kunle Barry OsilajaKunle Barry OsilajaGroup Head of Real EstateEcobank Capital
Martin BachmannMartin BachmannGroup Head Active ManagementQuantum Global Group
Nick LangfordNick LangfordCountry Head - KenyaRendeavour
Peter LevettPeter LevettManaging DirectorOld Mutual Property
Ronald Chagoury JrRonald Chagoury JrVice ChairmanSouth Energyx Nigeria Limited
Uzo OshogweUzo OshogweCEO/MDAfriland Properties Plc.
Adeniyi Falade
CEO
Abuja | NIGERIA
Biography:
Mr. Adeniyi Falade is a chartered accountant and an investment Banker. He had his professional accountancy training at PwC, Lagos. Before his appointment as Managing Director, he had served as the MD of Lead Capital and Head of Investment Banking of Ecobank Nigeria and Lead Bank. He had also at various times served as Head of Internal Control/ Chief Inspector and Head of Risk Management Department of Lead Bank. He holds a MBA from the University of Warwick, United Kingdom and a BSc degree, Chemistry from the University of Ibadan. He was appointed onto the Board of CrusaderSterling on Feb 7, 2007 as MD/ CEO of the Company. He also serves as a non-Executive Director on the Board of Custodian Life Assurance and Interstate Securities limited.
Britt Gwinner
Head of Housing Finance
IFC Sub-Saharan Africa
Nairobi | Kenya
Biography:

Britt Gwinner is Head of Housing Finance for IFC’s Financial Institutions Group. Prior to joining IFC, Britt led engagements on housing policy for the World Bank, in Latin America, Eastern Europe, and Central and East Asia. Also at the World Bank, he led projects on stress test and asset-liability modeling for the World Bank’s own balance sheet. Before the World Bank, Britt participated in the development of risk-based capital models and capital requirements for U.S. housing finance institutions, and he worked in financial consulting for Fortune 500 companies. Britt holds an MBA in Finance and a Master’s in Public Policy from the University of Chicago, and a bachelor’s degree from George Washington University.

Colin Mukete
Chairman & CEO
Caisse Properties Group
Yaoundé | CAMEROON
Biography:

Mr. Colin Mukete serves as the Chairman & CEO of Caisse Properties Group. Mr. Mukete is a Cameroonian businessman with broad business interests in telecommunications, TV broadcasting, agri-business, property development, construction and asset management. He serves as serves as the Chairman of the board of directors of MTN Cameroon and has been a Member of the Advisory Board at International Mining & Infrastructure Corporation plc since March 2015.

Kunle Barry Osilaja
Group Head of Real Estate
Ecobank Capital
Lagos | Nigeria
Biography:

Responsible for leading and managing all Ecobank real estate Investment related business within the Ecobank footprint and Portfolio managing core select asset. With over 25 years’ experience in international Real Estate, Kunle was Chair of Lead Directors and Head of Debt & Structured Finance of Jones Lang LaSalle Corporate Finance. He has extensive experience in real estate advisory and has worked on a wide variety of real estate transactions including asset and corporate sales, structured loan financing, equity raisings and advisory for indirect investment vehicles, joint ventures, development/project financing and acquisition funding.

Martin Bachmann
Group Head Active Management
Zug | Switzerland
Biography:

Martin has a proven track record in driving business results and establishing new businesses, serving and advising public and private clients in the Infrastructure, Industry, Energy, Real Estate and Mining sector. Prior to joining Quantum Global, Martin was a Member of the Executive Board and Global Head Urban Business Group at Pöyry PLC in Finland.

Nick Langford
Country Head - Kenya
Nairobi | KENYA
Biography:

Nick is a Chartered General Practise Surveyor with 25 years’ experience of managing real estate development in the emerging markets of Eastern Europe, Africa and Asia. Prior to moving to Kenya, Nick lived in Ghana as country head for Rendeavour responsible for delivery of their Appolonia City project. Before this Nick was responsible for the leasing of Avia Park, Moscow, Europe’s largest shopping and Entertainment Centre ; and prior to this delivered the Masterplan of Green Tech City, Hanoi.

Peter Levett
Managing Director
Old Mutual Property
Cape Town | SOUTH AFRICA
Segment: Property Investor
Biography:

Peter has been in investments for 24 years containing SA and International experience. Of these 17 years is with Old Mutual in South Africa and 5 years with Goldman Sachs investment banking in London. During his time at Old Mutual, Peter has had the roles of Head of Old Mutual’s Corporate Finance division, COO of the Old Mutual Investment Group and currently MD of Old Mutual Property since 2011. Peter has been a director of Old Mutual Property since 2000 and joined the property investment committee in 2004. Peter is responsible for the property investment & business strategy, with property assets of R18bn. He also participates in the investment strategy & is involved in selected investment committees with the Old Mutual Investment Group.

Ronald Chagoury Jr
Vice Chairman
Lagos | NIGERIA
Biography:

Ronald is the Vice Chairman of South Energyx Nigeria Limited, the developers and city planners of Eko Atlantic. He has been actively involved in Eko Atlantic since the start of land reclamation in 2008. He is a driving force behind some of the city’s key developments including the Marina District of Eko Atlantic, an international hospital, international school and luxury shopping centre. He is also responsible for directing the marketing and communications strategy. He supports group efforts to build strategic partnerships with developers and financiers aimed at creating SPVs for landmark developments within the project development area

Uzo Oshogwe
CEO/MD
Lagos | NIGERIA
Biography:
Uzo Oshogwe is the managing director of Afriland Properties Plc, and joined the company when it was still known as UBA Properties. She holds a BSc in Chemistry (1989) from Ambrose Alli University, Edo State and an MSc Information Systems Design (1996) from the University of Westminster, London. She has over 20 years’ working experience, mainly in Information Technology and Banking. Prior to joining UBA, she worked for over a decade as an IT Specialist at Accenture UK based at several clients’ sites, including Jones LaSalle Europe, a financial and professional services firm specializing in real estate services and investment management.

REGISTRATION

Attendance is reserved exclusively for GRI Club Members.

If you are already a Member, contact your Club Director or email Neall to participate.

Membership is available to senior investors, lenders and developers in real estate. Non-members can enquire here to become a member and join the club meeting.

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Venue

Radisson Blu Anchorage Hotel, Lagos, V.I 1a Ozumba Mbadiwe Avenue Victoria Island 71639 Lagos Nigeria 
Neall de Beer

Neall de Beer

Senior Director - Head of Infrastructure - India

+44 (0)20 7121 5094

[email protected]
Neall de Beer
+44 (0)20 7121 5094
Senior Director - Head of Infrastructure - India
GRI Club
Biography:

Neall De Beer is the Senior Director of GRI Africa and is responsible for GRI meetings across the continent. He is an experienced event professional having previously served across various sectors including Energy and Maritime. He is a journalism graduate from Nelson Mandela Metropolitan University in South Africa. 

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