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Afreximbank African Trade Centre, Abuja
Featured Mandate · Abuja, FCT

Afreximbank African
Trade Centre — Abuja

A ₦10.4 billion RICS Red Book-compliant institutional asset valuation mandate — one of Sub-Saharan Africa's most significant commercial real estate transactions. Delivered by Ora Egbunike & Associates.

AATC × Ora Egbunike & Associates
₦10.4B
Valuation Figure
RICS
Red Book Compliant
Institutional
Grade Mandate
Afreximbank
Client
Standards Applied RICS Red Book Global Standards IFRS 13 Fair Value IAS 36 Impairment ISO 55001 ESVARBON Registered NIESV Accredited

Africa's Premier Trade Finance Institution.
Nigeria's Most Trusted Valuation Firm.

The Afreximbank African Trade Centre is one of Sub-Saharan Africa's most significant commercial real estate developments — a landmark institutional complex in Abuja serving Africa's premier trade finance institution. When Afreximbank required a full, independently certified asset valuation of the AATC, they turned to Ora Egbunike & Associates.

OEA was mandated to deliver a comprehensive RICS Red Book Global Standards-compliant valuation of the AATC, encompassing the full development across its commercial, institutional, and ancillary components. The assignment demanded the highest level of professional rigour, market intelligence, and technical precision — requirements that OEA has met on the most demanding institutional mandates across Nigeria for over four decades.

"This mandate demonstrates OEA's capacity to deliver institutional-grade advisory on Africa's most complex real estate assets — the same capability we bring to every client engagement, regardless of scale."

— AbdulMalik Ora Egbunike, FRICS, FNIESV, Chairman & Principal Consultant

What the Engagement Covered

01
Full Asset Valuation — Comprehensive valuation of the AATC development across all components, in compliance with RICS Red Book Global Standards 2022.
02
IFRS Compliance — Valuation methodology aligned with IFRS 13 (Fair Value Measurement) and IAS 36 (Impairment of Assets) for financial reporting purposes.
03
Market & Comparable Evidence — Full comparables analysis drawing on OEA's Abuja CBD market intelligence database and live transaction evidence.
04
Institutional Reporting — Valuation report structured for international financial institution standards, board presentation and external audit review.
05
MEP & Infrastructure Assessment — Physical inspection and assessment of building systems and infrastructure as part of the overall asset condition review.

What a Mandate of This Scale Signals

When an institution with Afreximbank's standing — accountable to member states, international investors, and multilateral regulators — requires a property valuation for financial reporting, they cannot accept anything less than RICS Red Book compliance, independently verified market evidence, and a professional signatory with the standing to defend the opinion if challenged.

OEA's appointment to this mandate is not incidental. It reflects 40 years of accumulated market intelligence, a RICS Fellowship at principal level, ESVARBON registration, and a track record of delivering work that withstands the scrutiny of international auditors, financial institutions, and regulatory bodies.

For any client requiring a valuation that will be relied upon for financial reporting, lending, acquisition, or institutional decision-making — this mandate is the benchmark of what OEA delivers.

Mandate Summary
Client African Export-Import Bank (Afreximbank)
Asset Afreximbank African Trade Centre, Abuja
Valuation ₦10,400,000,000
Standard RICS Red Book Global Standards
Purpose Financial Reporting & Institutional Advisory
Basis IFRS 13 / IAS 36 Compliant
Location Abuja, FCT, Nigeria
Services Delivered
Asset Valuation FM Advisory RICS Red Book IFRS Compliance MEP Assessment Institutional Reporting Market Analysis

Need an institutional-grade valuation?

OEA delivers RICS Red Book-compliant valuations for financial institutions, government agencies and multinationals across Nigeria.

+234 (0) 8038774238 +234 (0) 9033157777 abuja@oraegbunike.com Asset Valuation Services

The Capabilities Behind
This Mandate