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.
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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 ConsultantWhen 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.
IFRS and RICS Red Book-compliant valuations for financial reporting, acquisition, and disposal across Nigeria.
View ServiceISO 41001-aligned management of commercial and institutional estates, including MEP, vendor coordination, and service charge administration.
View ServiceISO 55001-aligned portfolio management and performance optimisation for institutional and private property holders.
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