The Real Estate Discussions and Awards (REDA) 2024, organized by Thinkmint Nigeria, wrapped up with great success, further establishing its status as a leading event within Nigeria’s real estate sector. The event took place at the esteemed Eko Hotel and Suites in Victoria Island, Lagos, gathering a wide array of industry professionals—from veteran developers and investors to rising talents and government representatives.
This year’s theme, “Navigating Change in Real Estate for a New Era,” struck a chord with participants, addressing the rapid evolution of the industry in response to technological innovations, changing market conditions, and the surge in urbanization.
Notable figures graced the occasion, including His Excellency, Mr. Babajide Olusola Sanwo-Olu, the Executive Governor of Lagos State. Although he was unable to attend personally, his message was delivered by Barr. Barakat Odunuga-Bakare, his Special Adviser on Housing. Other prominent speakers included Imo-Abasi Jacob Snr, Chairman and MD of Ibom Air and the Akwa-Ibom Investment Corporation, who represented the Governor of Akwa-Ibom State, His Excellency Pastor Umo Eno; Mayor Dele Oshinowo, Executive Chairman of Agboyi-Ketu LCDA, Lagos; and Mr. Akin Opatola, President of FIABCI-Nigeria. Their keynote addresses provided invaluable insights and set the stage for meaningful discussions about the future of real estate in Nigeria.
Governor Sanwo-Olu pointed out that the ongoing transformations in Lagos—driven by technology, evolving market trends, and an increased focus on sustainability—are fundamentally changing the landscape of the built environment. “These changes bring both challenges and opportunities, and I firmly believe that the REDA forum presents a platform for us to explore how we can advance together,” he stated.
He also underscored the importance of environmental sustainability in real estate. He noted that fostering green building practices and investing in flood defenses, particularly in coastal areas like Eko Atlantic City, reflect his administration’s commitment to addressing environmental challenges and climate risks as part of a long-term strategy for Lagos.
Emphasizing the interconnectedness of aviation and real estate, Imo-Abasi Jacob Snr highlighted that enhanced air connectivity can drive economic growth, attract investments, and elevate property values in targeted regions. He explained that Akwa-Ibom’s economic vision is to boost traffic into the state and improve accessibility through better road infrastructure. He also called for government reforms in land use, infrastructure development, and affordable housing initiatives to stimulate growth in the sector.
In his opening remarks, Hon. Joseph Ayodeji, MD/CEO of the Lagos State Development and Property Corporation (LSDPC), a partner organization for the event, stressed the need for critical thinking and collaboration among real estate stakeholders to navigate the changes in the global marketplace. He highlighted the importance of innovative solutions and methodologies in construction and real estate technology.
Keynote speaker Akin Opatola spoke on the theme “Real Estate as a Service: From Product and Space to System and Service.” He addressed emerging trends such as technological advancements, sustainable development, and the growing demand for mixed-use developments. Opatola encouraged attendees to embrace change as he advised, “Change happens, anticipate it, monitor it, adapt to it, and enjoy it.”
Mayor Dele Oshinowo focused on the role of partnerships between the government and the private sector in addressing housing challenges. He articulated the mutual benefits of collaboration, including enhanced efficiency, shared risks, and improved access to resources. “Government-private sector partnerships signal a new era in urban development and housing solutions. By aligning public sector goals of social equity with the private sector’s innovative expertise, we can reshape housing markets and enhance the quality of life for millions,” he said.
Mrs. Imelda Usoro Olaoye, Managing Partner at Thinkmint Nigeria, discussed the growing influence of technology in the real estate industry, highlighting how digital tools can enhance property management, marketing, and customer engagement, thus improving efficiency and enriching the customer experience.
The event featured a series of panel discussions, workshops, networking opportunities, and exhibitions from organizations such as MGE Realty, Family Homes Funds, HomeWork Group Africa, Rebar Perfecta, Terra Developers, and Facibus Housing. These activities provided a platform for investors and real estate enthusiasts to gain critical insights into various sectors of the real estate landscape, including affordable housing, sustainable development, and emerging technologies.
REDA 2024 also celebrated outstanding achievements in the real estate industry through its prestigious awards ceremony, recognizing individuals and organizations that have made significant contributions to innovation, sustainability, and ethical practices within the sector. This recognition not only served as an inspiration for others but also underscored the importance of excellence in the field.
