Many human activities are carried out in buildings, suggesting that the contribution of buildings to global warming is significant. This study examines the awareness of property managers (estate ...surveyors and valuers) about the potential benefits of vertical greenery systems (VGSs) on buildings. The questionnaire for the study was administered online to property managers working with registered estate surveying and valuation firms operating in Lagos. On firm basis, a total of 282 property managers working for the firms were considered. Of this total, 127 responded to the questionnaire, but 121 (representing 42.9%) were of use in the analysis of data. The data were analyzed using the fuzzy synthetic evaluation method. The result showed that property managers were generally less aware, with an overall awareness level of 2.60. Further analysis showed that the property managers were less aware of the benefits of VGSs on buildings. The levels of awareness of the property managers about VGSs' environmental benefits, social benefits, and economic benefits are 2.65, 2.58, and 2.53 respectively. We conclude that an improvement in the level of awareness of the property managers would assist in the formulation of policies by the government towards the achievement of SDGs.
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BFBNIB, GIS, IJS, KISLJ, NUK, PNG, UL, UM, UPUK
Purpose - This paper aims to examine the skill requirements for the practice of corporate real estate management (CREM) in Nigeria.Design methodology approach - Questionnaires were distributed to 270 ...practising estate firms in Lagos State, Nigeria, 145 final year students of Estate Management in Obafemi Awolowo University, Ile Ife, Nigeria as well as corporate real executive officers of the 24 recapitalised commercial banks, 21 insurance and five GSM communication companies in Nigeria. A total of 260 questionnaires (58 per cent) were returned and found useful for the study. The study adopted the descriptive method of percentages, mean and proportion method for analysis.Findings - The study found that in rank order, the skill requirements for CREM were financial performance skill, investment in corporate strategy, productivity skill, space efficiency management skill and customers and employees' management skill. The mean figures for the five factors are 5.0, 4.8, 4.8, 4.73 and 4.67 respectively. The results of the analysis also showed further that the portfolio efficiency skill had a mean value of 3.58 and was rated by the respondents as the least skill required for corporate real estate management.Research limitations implications - Limiting the scope of the study to CRE executives and practitioners in selected service industry and students of a university might pose a great challenge to the representativeness of the findings.Practical implications - The study has major implications on real estate education and practice in Nigeria. There is an urgent need to overhaul the university polytechnic curriculum to incorporate business and accounting knowledge to prepare real estate graduates for efficient practice and the continuous re-training of practitioners to prevent future declining real estate profession.Social implications - The negative implication of joblessness arising from unemployable graduates of real estate by corporate organisations breeds more social vices.Originality value - The paper documents the requisite information needed for developing contemporary policy on real estate education in the country. It also serves as a guide for real estate practitioners and regulatory bodies for developing contemporary real estate practice to meet emerging trends in CREM practice and for relevance in the practice of CREM as an evolving sub-discipline of estate management.
Purpose
– The purpose of this paper is to evaluate the relevance of students industrial work experience scheme (SIWES) to real estate education in Nigeria.
Design/methodology/approach
– Primary data ...were collected with the aid of questionnaire served on 182 parts 3 and 4 students of Estate Management and Valuation, Obafemi Awolowo University, Ile Ife, Nigeria. The descriptive methods of mean and proportion method were used to determine the factors that are considered could contribute to real estate education in Nigeria.
Findings
– The result shows that SIWES is an integral part of real estate education and that it helps the students to acquire behavioural skills in addition to acquiring necessary experience required to set up private practice upon completion.
Research limitations/implications
– Obtaining the perception of students alone could make the findings one sided and bias. Further detailed research targeted at the employers of labour will provide a balanced view. Also, extending further studies to incorporating students of more universities will be more exciting.
Originality/value
– This paper is an effort at stimulating the interest of other researchers in conducting similar research to cover all institutions in Nigeria as well as obtaining the perception of the employers of labour in this respect.
The idea of the Integrated Development Scheme (IDS) has received considerable attention in India, Indonesia and in some African countries such as Kenya and Ethiopia. The scheme has led to urban slum ...upgrading in these countries and has led to notable successes in the provision of common facilities in the rural areas of India. Therefore, given the neglect of rural areas by both private and public sectors, and the need to improve the housing conditions of rural dwellers, this paper examines the benefits of improved livelihoods from the scheme to improving rural housing conditions in Nigeria. A case study of the Rural Development Programme (RUDEP) of Justice Development and Peace Makers' Centre (JDPMC), a non-governmental organisation in Osun State, Nigeria, was conducted. Stratified and purposive sampling was used to select 344 participants/beneficiaries of the programme from 28 active communities out of the 36 communities' coverage by RUDEP. Qualitative and quantitative data obtained from the respondents were analysed using descriptive statistics of percentages and frequency distributions. The results revealed that the RUDEP integrated scheme, which was first initiated with the objective of improving the livelihood of poorer farmers and women that engaged in agricultural-related activities, has also impacted rural housing conditions positively by empowering them to provide facilities that were not initially in place. The paper concluded that IDS could be a viable policy option for improving the condition of rural housing in Nigeria.
Purpose - The purpose of this paper is to document the corporate site selection and acquisition process in a Nigerian global system for mobile (GSM) communication company, using a case study ...approach.Design methodology approach - The study integrates a literature review and a case study. The researcher made use of semi-structured interviews to obtain information about the process of site selection and acquisition from the personnel of the property management department (property managers SAQ managers) of the studied organisation. Beside the interviews, there was a series of follow-ups for further clarification through telephone conversation and e-mail. On average, the interview took about 45 minutes with each respondent, aside from prior occasional discussions undertaken to obtain some data.Findings - Data obtained indicated that the process of site acquisition follows the global trend of outsourcing of non-core services by organizations to consultants who have the technical ability to handle such assignments. The case study also revealed an arrangement of successful collaboration between multinational companies and local indigenous firms.Research limitations implications - The approach is subject to data distortion as there is no yardstick for comparison in the industry.Practical implications - The study has major implications for real estate practice in Nigeria. Real estate practitioners need to acquire the technical ability to meet real estate site acquisition service requirements of multinational companies. The profession also needs qualified and competent members who can compete favourably with their foreign counterparts, who have hitherto been providing site acquisition services for the foreign companies in their overseas branches.Social implications - The method of outsourcing breeds competitiveness for site acquisition service provision and enhances efficient service delivery. It helps indigenous contractors to favourably compete for jobs of international standard.Originality value - The study explores the case study approach to provide a guide for foreign investors towards meeting their real estate needs.
PurposeErrors or negligence are inherent parts of professional services, thus necessitating the adoption of professional indemnity insurance (PII) as a risk management tool to protect professional ...interest. This paper sought to examine the adoption of PII among Estate Surveying and Valuation firms in Oyo State, Nigeria.Design/methodology/approachThe quantitative research methodology was adopted, and primary data were collected via questionnaires distributed to 84 purposively selected Estate Surveyors and Valuers (ESVs) who are mostly principal partners or branch managers in the study area. Sixty-three questionnaires representing 75.0% were returned and found useable. Data collected were analysed with the aid of descriptive statistics of percentages and relative importance index (RII).FindingsThe study found that the influence of foreign investors as well as the requirements of PII by the professional body as a basis for annual license renewal were responsible for higher level of awareness among the practitioners. However, about average of the firms had adopted PII with few taking professional insurance policy of as low as ₦500,000 per annum. The study recommends that NIESV/ESVARBON should sensitize, monitor and enforce the adoption of PII by ESVs as a means to increase public confidence and credibility of valuers while rendering professional services to clients.Research limitations/implicationsThe current study was limited in coverage to Ibadan thus necessitating a study with wider area of coverage of national status.Practical implicationsThe study has major implications on real estate education and practice in Nigeria. There is an urgent need for the professional body to devise means of enforcing compliance with the adoption of PII so as to be able to get the confidence of their teeming clients for subsequent patronage.Originality/valueThe paper is one among the scanty studies that provides a useful guide to real estate practitioners in developing countries towards adopting PII to shield the company from unnecessary negative exposure and financial loss.
Purpose - The paper seeks to identify the factors that are responsible for the incursion of non-professionals, otherwise called quacks, into property management practice in Nigeria.Design methodology ...approach - Primary data were collected with the aid of questionnaires served on 270 estate surveying firms based in the study area. The proportion method was used to determine the factors that are significantly responsible for the daily incursion of non-professionals whose activities have negatively affected real estate investment in the country.Findings - The result shows that the high income derivable from property management practice is a major factor. Other factors in their perceived order of importance include provision of unsatisfactory and less than standard service by estate surveyors, lack of confidence by clients on the estate surveyor to evict erring tenants and shortage of qualified personnel.Research limitations implications - Obtaining the perception of practitioners could subject the findings of the study to bias. Further research targeted at the clients of property management services will provide a balanced view.Originality value - The findings from this study will provide professional bodies and policy makers with data to curb the activities of quacks and enhance the practice of real estate management.
Purpose - This paper aims to increase the awareness of developing countries' corporations and academics concerning the significant importance of CRE holdings in corporate asset portfolios. It seeks ...to demonstrate how corporate real estate management can be employed by organisations in developing countries to add value to overall business value by adopting quantitative evaluation measures to determine space utilisation and occupation of organisations.Design methodology approach - The methodology involved the review and analysis of previous related papers in respect of the subject in advanced countries as a guide to practitioners in developing countries. The paper identified the various concepts and attributes of real estate that make it a unique value-adding product to a business organisation. The paper outlines performance measures that are in common practice in advanced countries for use in developing countries.Findings - The practice of corporate real estate management is still relatively new to African countries like Nigeria. The implication is not benefiting from value contribution that real estate could make to business organisations. Understanding real estate performance measures is a major pathway to tapping the benefits of real estate.Originality value - The paper is a useful guide to corporate real estate managers in developing countries towards employing real estate holdings to increase the overall value of their companies.
Purpose
– This study aims to evaluate the practice of dispute resolution in Lagos International Trade Fair Complex, Lagos State.
Design/methodology/approach
– Questionnaires were distributed to two ...study groups of 400 users/occupiers and officials of the managing agents. A total of 100 were returned and found useable for the study. The study adopted the descriptive method of percentages, mean and proportion method for analysis.
Findings
– The study found that there often existed disputes and when it occurs, the common reaction is for them to alert other users of the building. Other findings are that the methods of dispute resolution adopted are arbitration, mediation, conciliation and litigation and that the most commonly adopted method is arbitration.
Research limitations/implications
– Limiting the scope of the study to the perception of the respondents could reflect an element of bias and might pose a great challenge to the representativeness of the findings. Also, the use of closed question questionnaire may limit the validity of the results.
Practical implications
– The study has major implications on real estate investment and practice in Nigeria. There is the need to incorporate behavioural knowledge in the curriculum of estate management and valuation to prepare graduates for efficient practice and the continuous re-training of practitioners to prevent future declining real estate profession.
Originality/value
– The paper documents the requisite information needed for developing contemporary policy on real estate education in the country. It also serves as a guide for real estate practitioners and regulatory bodies for developing contemporary real estate practice to meet emerging trends in CREM practice and for relevance in the practice of CREM as an evolving sub-discipline of estate management.
Purpose: The importance of education is always underscored without adequate demonstration of skill(s) for practice. Appropriate professional skills guarantees efficient real estate investment ...decision making and prevents loss of investment fund. The study evaluated, from the perspective of employers of labour, the effort of the government, through students, industrial scheme, at bridging skill gaps in real estate education in Nigeria. Design Methodology/approach: Primary data were collected with the aid of questionnaire served on 270 estate surveying and valuation firms in Lagos state, Nigeria. The descriptive methods of mean and proportion method were used to determine the contribution of government industrial scheme to real estate education in Nigeria. Findings: The result found that through the student industrial scheme, students acquired experience/skill in real estate marketing as well as the art of team work. Originality/Value: The paper is to serve as impetus to policy makers to enhancing the quality of real estate in Nigeria. It will also serve as proof to foreign investors of the quality of Nigerian real estate practitioners to give them efficient service.
