NewQuest Epic Investments is original site the investment arm of NewQuest Properties, a full-service retail development, leasing and management company with assets totaling more than $1 billion in value. As part of its value-add strategy, the new ownership intends to remodel the center. Land Williamsburg Enterprises has purchased 14.3 acres at the intersection of Interstate 45 and Wilson Road in Conroe. The location coincides with the Wilson Road expansion and the expansion of Plantation Drive north to FM 3083.
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A real estate sector weighed down by corruption
Actis has $5.2 billion under management, including two sub-Saharan Africa real estate equity funds totaling $434 million, which it says are attracting U.S. and European investors. Nigerias population of nearly 170 million is bigger than Russias and its economy is growing at 6 percent, a combination which is producing a new wave of property buyers from bankers and airline staff to mobile phone and fast food shop owners. I see demand from the middle-class higher than ever before, said Deolu Dara, Associate Vice President at Nigeria-based Avante Property Asset Management, which manages several multi-million dollar residential projects in Lagos. A successful real estate investment in Nigeria can earn an returns as high as 30-35 percent, while rental income yields in cities such as Lagos and Abuja can easily reach 10 percent, developers and estate agents say. Middle class Property in Lagos, a heaving metropolis of around 20 million people, can be among the most expensive in the world with two-bedroom flats costing more than $1 million in upmarket areas.
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