Northcourt receives regulatory approval to offer valuation services

Northcourt Real Estate, a firm of estate surveyors and valuers, has expanded the scope of its service offerings, having received regulatory approval to offer real estate valuation services that will focus on commercial real estate, plant and machinery and art valuations, the management of the company has revealed.

Tayo Odunsi, the CEO of the company who gave this hint at the fifth anniversary of the firm recently, recalled that the organisation started out with real estate advisory, facilities management and real estate development and has, in its short history, made phenomenal progress in the profession.

Real estate professionals were advised not to depend on regulatory authorities to keep market share within their reach. Yemi Odubiyi, COO of Sterling Bank and a real estate trained banker, explained that this had become necessary as professionals from different disciplines and background are capable of churning out new products into the market and effectively compete with existing organizations.

Odubiyi, who delivered the keynote speech at the anniversary dinner which was an evening of glamour and excitement with leading business executives, government officials and professionals from the academia, real estate, investment and finance sectors, noted that what he was advising on was already being witnessed in the technology sector.

“There is no guarantee that 100 percent of innovation in the industry will come from market leaders as technology has evened out the playing field for new ideas”, he cautioned.

the panel discussion on the topic od the speech, ‘The Future of Real Estate’, moderated by Yinka Adewale, an Organisational Behaviour lecturer at the Henley Business School, University of Reading, featured Kola Ashiru-Balogun, CEO, Mixta Nigeria; Modupe Anjous, MD, Rydal Mews; Fikayo Ogundipe, CEO, PropertyPro.ng; Dolapo Omidire, CEO, Estate Intel, and Ayo Ibaru, COO, Northcourt, offered insights on how technology will shape every aspect of real estate business going forward.

Rogba Orimalade, chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos Chapter, commended Northcourt on behalf of the President of the institution, adding that the achievements of the firm in the past five years were a source of inspiration to the body.

Adetokunbo Ajayi, CEO of Propertygate Development and Investment Company, also applauded Northcourt’s real estate consulting model, adding that the firm was on its way to the league of global consulting firms like JLL and CBRE. He also commended managers of Northcourt for driving the company’s vision while mentoring and developing young professionals.

The chairman of Northcourt’s Research and Advisory Board and Head of Department of Estate Mangement, University of Lagos, Modupe Moronke Omirin, noted that the managers of Northcourt were all products of the University of Lagos. She commended the firm’s executive leadership team for pushing the boundaries of innovative thinking in real estate, winning local, regional and international awards.