Programme: Estate Manangement
Permanent URI for this collectionhttp://itsupport.cu.edu.ng:4000/handle/123456789/28806
HEre you will find works related to Estate Management
News
esm.covenantuniversity.edu.ng
Browse
Search Results
Item Investigating the dynamics of financial risk impact on property development in Lagos state, Nigeria(4 IOP Conf. Series: Earth and Environmental Science, 2025) Oloke, Olayinka C.; Adenekan, P. J.; Nwaniocha-Emegha, C. K.; Nwanwko, C. F.. This study examines the dynamics of risks of financing real estate development in Nigeria with particular emphasis on property development projects in Lagos state, taking into cognizance the current wave of macroeconomic instability in the country. Property development companies and real estate surveying and valuation firms that are involved in property development and registered with the Real Estate Developers Association of Nigeria (REDAN) constituted the study focus. Convenience sampling technique was engaged to select 100 respondents for the administration of questionnaires and a response rate of 86% was achieved. Basic statistical tools of frequency, percentages, charts as well as principal component analysis were engaged for data analysis which was eventually presented in tables, text and charts. Findings revealed amongst others that residential property development constituted the largest portfolio of development projects among the firms while regulatory risks, financial risk and market risks constituted the top three challenging risk facing real estate development projects in recent times. The study suggests the use of foreign direct investment in the form of off-shore finance procurement and patronage. The study also recommends dedicated team of professionals to oversee and ensure necessary regulatory compliance and communication.Item Comparative Performance of REITS and Commercial Bank Shares in Nigeria Stock Exchange(COVENANT JOURNAL OF RESEARCH IN BUILT ENVIRONMENT. VOL. XIII NO. I, 2025) UMEH, Lawrence O.; Oloke, Olayinka C.; Okonu, Ayoade A.This paper compares the performance of Real Estate Investment Trusts (REITs) and commercial bank shares from 2011 to 2020 for the purpose of providing investments with optimal performance for savvy investors. Share prices and dividends from annual reports were used to calculate income, capital, and total returns. Returns and risks were measured using Mean and Standard Deviation; while risk adjusted rate of return tool measured the general performance of N-REITs and bank shares. REITs generally underperformed, compared to commercial bank shares. Only Skye Shelter REITs excelled in income return. N-REITs were found to be less risky than commercial bank stocks, but underperformed when compared to commercial banks. Skye Shelter REITs showed highest total return; while UPDC and Union Homes outperformed Access Bank and UBA. Only Polaris, GT, and Zenith banks higher income returns from the REITs. Overall, bank shares are riskier than REITs. Bank stocks offer higher returns with greater risk, whereas REITs provide stable returns with lower volatility, which is suitable for conservative investors. In conclusion, the combination of stable returns on REITs and the volatile returns on bank stocks will reduce the overall portfolio risk. Hence, investors should consider risk management by combining investment with different risk-return characteristics.Item Assessment of Secondary Healthcare Facilities’ Maintenance Practices in Lagos State, Nigeria(DESIGN, CONSTRUCTION, MAINTENANCE, 2025) Oloke, Olayinka C.; Keziah, Nwaonicha-Emegha C.; Adenekan, Peculiar J.This study investigates the maintenance practices of secondary healthcare facilities in the study area with a view to ascertaining the prevalent maintenance approach and improve the practices. Survey design was adopted and copies of questionnaire were administered to respondents from public and private secondary hospitals. Response rate of 77.7% was achieved. Statistics tools such as mean score, standard deviation, kurtosis as well as inferential tools of paired sample t-test and pearson moment correlation were engaged for the analysis. Results were presented in charts, tables, percentages and were discussed in the light of relevant extant studies. The study observed amongst others that reactive maintenance such as periodic, corrective and condition-based maintenance methods are prevalent in public secondary hospitals while private hospitals engage preventive maintenance alongside the reactive strategies. It was also observed that there is statistically significant difference in the perception of the state of maintenance of public and private hospitals in the study area. The study advocates more use of proactive maintenance approach at both the public and private secondary hospitals in the study area.