Our Property and Real Estate practice is anchored on extensive goodwill, Knowledge and understanding of the regulatory framework governing property transaction.
Apart from our unparalleled ability to process transactions through all necessary regulatory consent procedures to completion, we have access to vast and highly specialized data bank of precedents in real estate, commercial property and mortgage financing which ensures that clients benefit from our ability to meet their diverse needs.
Specifically, Praxis Legal represents lenders, developers and other parties in various aspects of real estate transactions including acquisitions, depositions, leasing, recovery of premises, joint ventures and, conventional and secured financing.
Relevant Real Estate Experience
Members of the firm were part of the team that:
• Advised a foremost Asset Management group concerning its HNI client in the divestiture and restructuring of their real estate assets portfolio to the tune of N2 billion.
• Presently advising an Austrian Construction and Real Estate Group on their entry in the Nigerian Real Estate Industry.
• Participated in negotiations, meetings and liaising with Surveyors, Government Departments in furtherance of the acquisition of regulatory approvals and consents.
• Advised a Lagos based global consulting firm in relation to major landholding interests in Lagos, Nigeria, and has been involved in numerous negotiations and exchange of correspondences in respect thereof;
• Conducted series of seminars on real estate planning and wealth creation/preservation for various top banks and other financial institutions across the country.
• Advised O’Piccaddale, a foremost real estate development company, in respect of a multi-billion naira mortgaged property acquisition in Victoria Island, Lagos.
• Advised the Synergon Consortium in respect of:
- the tender bid submitted for the provision of infrastructure consultancy and transaction advisory services for the planning, designing, building or operation of any infrastructure within Nigeria, particularly the development of the Debt Management office (DMO) Corporate Head Office building, Abuja, Nigeria under Public Private Partnership (PPP) agreement.
- the request for Expression Of Interest (EOI) for the engagement of transaction adviser for the development of the Federal Housing Authority (FHA) Corporate Headquarters under the Build, Operate And Transfer (BOT) Agreement.
- the Expression of Interest (EOI) for the construction of 33 Silos Complexes on behalf of the Federal Ministry of Agriculture & Rural Development (FMA&RD) in collaboration with the Infrastructure Concession Regulatory Commission (ICRC) under Public Private Partnership (PPP) agreement.
• Advised Synergon Consortium vis a vis the Kogi State Government in respect of the proposed development of the latter’s liaison offices situate in Victoria Island, Lagos and in the Federal Capital Territory (FCT), Abuja.