Name

Afriland Properties

Legal name

Afriland Properties Plc

Website

https://afrilandproperties.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (531210), Management of Companies and Enterprises (551)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industries

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

Keywords

• Real estate development
• Property management
• Facility management
• Residential property investment
• Commercial real estate

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Development Sales: Revenue from the sale of developed residential and commercial properties. The company develops and sells residential units (detached triplexes, semi-detached triplexes, terraces, apartments) at various price points ranging from ₦285 million to ₦518.5 million per unit. Properties listed for sale include those at Afriland Estate Karmo (Abuja), Iris Court (Ikeja), The Residences (Ikoyi), and commercial units at The Emporium (Port Harcourt), Afriland Complex (Abule-Egba), and Afriland Shops (Idimu). Revenue grew 8% to ₦4.07 billion in 2025 from ₦3.75 billion in 2024.
2. Property Management and Occupier Services: Ongoing property management services including leasing, acquisition and consultancy, brokerage, occupier services (workplace consultancy, advising and transactions, estate management, project management, treasury services, technology, finance), and utility management and reporting. This is a recurring revenue stream from managed properties.
3. Facility Management Services: Comprehensive facility management services covering integrated facility management (hard and soft services), FM consultancy, and power/energy management. Provided both for own properties and potentially for third-party clients through the company's AfrilandFM subsidiary.
4. Technical Services and Consultancy: Engineering consultancy covering electrical, plumbing, HVAC, and civil engineering design and maintenance. Project management services covering building civil engineering, environmental engineering, process flow automation, and value engineering.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Afriland Properties Plc is a publicly listed real estate company providing end-to-end services across the real estate value chain. Its core offerings span property development (planning, procurement, contract administration, project monitoring and delivery), property management (leasing, brokerage, occupier services, utility management), facility management (hard and soft services, FM consultancy, power management), technical engineering consultancy (electrical, plumbing, HVAC, civil), and project management. The company develops and sells premium residential and commercial properties across Lagos, Abuja, and Port Harcourt, with named developments including Afriland Estate Karmo, Iris Court, The Residences, and The Emporium.

Product overview

Afriland Properties Plc is a property management, investment and development company offering end-to-end services across the real estate value chain. The company operates as a unified real estate platform offering five core service pillars—Property Development, Property Management, Facility Management, Technical Services & Consultancy, and Project Management—alongside a Property Marketplace for buying and renting properties. The portfolio includes nine named development projects across Nigeria: The Residences by Afriland (luxury Ikoyi apartments), Iris Court (Ikeja residential), Afriland Estate Karmo (Abuja gated community), The Emporium (Port Harcourt commercial), Afriland Complex (Lagos retail/office), Afriland Towers (Lagos Island business complex), Heirs Towers (Victoria Island business complex), Shafi Sule residential (Lekki duplexes), and Afriland Shops (Idimu shopping arcade).

Differentiator

Problem solved

Functional benefit

Brands

• Afriland Estate: Residential estate in Karmo, Abuja featuring fully detached triplexes, semi-detached triplexes, and terrace units with amenities including swimming pool, gym, and 24-hour security.
• Iris Court
• The Residences by Afriland
• The Emporium

Products and services

• Property Development End-to-end project development services covering planning, procurement, contract administration, project monitoring, and delivery for Afriland's own developments and joint-venture investments.
• Property Management Comprehensive property management services including leasing, acquisition and consultancy, brokerage, occupier services (workplace consultancy, advising and transactions, estate management, project management, treasury services, technology, finance), and utility management and reporting.
• Facility Management Integrated facility management covering hard services (sewage treatment, water treatment, building repair, civil, mechanical and electrical maintenance) and soft services (procurement, health and safety, operations management, pest control, landscaping, waste management, janitorial), plus FM consultancy, FM business process transformation, facility condition assessment, and power/energy management.
• Technical Services & Consultancy Engineering consultancy services covering electrical distribution, plumbing, HVAC, and civil engineering design and maintenance, delivered to internal projects and external clients.
• Project Management Strategic project management solutions for building civil engineering, environmental engineering, process flow automation, and value engineering.
• Afriland Estate Karmo (Residential Development) A fully residential gated neighborhood in Karmo, Abuja, consisting of 103 apartments in 5-Bedroom Fully Detached Triplex, 5-Bedroom Semi-Detached Triplex, and 4-Bedroom Terrace configurations, with smart community amenities including swimming pool, gym, club house, high-speed internet, CCTV, automated access control, perimeter fencing, 24-hour security, integrated sewage treatment, and treated water supply.
• Iris Court (Residential Development) A premium residential development at No. 20, Aromire Street, Ikeja, Lagos, comprising 9 apartment units (1-Bedroom, 2-Bedroom, and 3-Bedroom configurations) with luxury finishes including granite/marble, Jacuzzis in master bedrooms, fitted kitchens, cooling systems, 24-hour power supply, facility management, CCTV, and perimeter fencing.
• The Residences by Afriland (Luxury Residential) A collection of 13 luxury apartments at 4B Oba Adeyinka Oyekan Street, Ikoyi, Lagos, in 2-Bedroom, 3-Bedroom, and 4-Bedroom Penthouse configurations, featuring premium finishes, gym, and landscaped surroundings.
• The Emporium (Commercial Complex) A state-of-the-art multipurpose commercial complex in Trans-Amadi Industrial Estate, Port Harcourt, comprising 42 built-up units (23.5 sqm each) fitted with restrooms and private stores, suitable for office or retail use, with CCTV, perimeter fence, 24-hour security, water sewage system, and modern firefighting systems.
• Afriland Complex (Mixed-Use Development) A strategically located mixed-use development in Abule-Egba, Lagos, offering 21 retail shop units and 6 office units for retail and commercial tenants.
• Residential Developments at Shafi Sule Two fully detached 5-bedroom duplexes with boys' quarters at Plot 2 Block A6 Shafi Sule Street, Lekki, Lagos, with CCTV coverage and serviced facilities.
• Afriland Shops (Shopping Arcade) An ultra-modern shopping arcade comprising 21 lock-up shops at 293 Egbeda Idimu Road, Idimu, Lagos.

Quantifiable outcome

• Revenue grew 8% to ₦4.07 billion in 2025 from ₦3.75 billion in 2024
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship and minor.

• United Bank for Africa (UBA) PlcflagshipStrategic or Co-development Partner · 20 February 2026Afriland Properties Plc partnered with UBA as the official Real Estate Partner on UBA's newly launched Diaspora Services Platform, unveiled in Lagos under the theme 'Beyond Banking: Powering the Diaspora Lifestyle.' The platform is a structured digital marketplace connecting Africans abroad to trusted service providers across banking, real estate, and lifestyle solutions. As UBA's real estate partner, Afriland provides verified property investment opportunities and institutional-grade project delivery tailored to address the common risks faced by diaspora investors in Nigeria, including construction delays, cost escalations, developer credibility concerns, and oversight challenges. The partnership leverages UBA's global footprint across Africa and major international financial centers.
• Heirs Insurance GroupminorGTM or Marketing PartnerEcosystem partner within UBA's diaspora investment platform. Listed alongside Afriland Properties as one of the financial service providers (banking, asset management, pensions, insurance, real estate) integrated into UBA's diaspora ecosystem to serve Africans worldwide.
• Avon Healthcare LimitedminorGTM or Marketing PartnerEcosystem partner within UBA's diaspora investment platform. Listed alongside Afriland Properties as one of the integrated financial service providers covering healthcare services within UBA's diaspora ecosystem.
• United Capital PlcminorGTM or Marketing PartnerEcosystem partner within UBA's diaspora investment platform. Listed alongside Afriland Properties as an integrated partner providing asset management services within UBA's diaspora financial ecosystem.
• Africa Prudential PlcminorGTM or Marketing PartnerEcosystem partner within UBA's diaspora investment platform. Listed alongside Afriland Properties as an integrated partner providing registry and investor services within UBA's diaspora financial ecosystem.
• UBA PensionsminorGTM or Marketing PartnerEcosystem partner within UBA's diaspora investment platform. Listed alongside Afriland Properties as an integrated partner providing pension services within UBA's diaspora financial ecosystem.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mixta Africa: Pan-African real estate developer (part of the ARM Group) active in Nigeria and other African markets, focused on residential and mixed-use developments. Directly comparable to Afriland in product mix (housing estates, residential apartments), institutional development approach, and African geographic footprint.
• LandWey Investment: Nigerian real estate developer focused on master-planned residential estates and mixed-use developments around Lagos and Abuja. Comparable to Afriland in product type (gated communities, residential estates) and target customer (middle-to-upper-income Nigerian and diaspora buyers).
• Adron Homes & Properties: Nigerian real estate developer of residential estates, apartments, and commercial properties, with active marketing to diaspora investors. Comparable to Afriland in residential estate product, Nigerian geographic focus, and diaspora-targeted marketing approach.
• RevolutionPlus Property: Nigerian real estate company developing residential estates and luxury homes, also focused on the diaspora market. Comparable in customer base (Nigerian and diaspora buyers) and product type (residential estates and luxury homes) to Afriland.
• Megamound Investment: Nigerian real estate developer of residential and commercial properties, including gated communities in Lagos and surrounding areas. Comparable in core product offering and customer base (residential buyers in major Nigerian cities) to Afriland.

Regional players

• Octodec Investments: South African JSE-listed REIT focused on mixed-use, retail, office, and residential properties in Pretoria and Johannesburg. Comparable as a property-focused listed entity with diversified real estate exposure, but operates in a different geography and under a REIT structure.
• NEPI Rockcastle: Listed real estate company operating shopping centers and retail-focused properties across Central and Eastern Europe and selectively in Africa. Comparable as a listed real estate operator with a multi-country presence, but is a retail-mall specialist operating mainly outside Nigeria.

Broad incumbents

• Actis: Global emerging-markets private equity firm with a long history of African real estate investments (offices, retail, residential, hospitality). Comparable as an institutional capital provider and developer in African real estate, but operates as a fund manager with a portfolio approach rather than a single-country operator.
• RMB Westport: South African real estate developer and investor (Rand Merchant Bank group) with African property developments. Comparable as an institutional African real estate developer, but operates mainly in South Africa with a different capital and corporate structure.

Others

• PropertyPro.ng: Nigeria's leading online real estate marketplace connecting buyers, renters, and agents. Not a developer, but operates in the same Nigerian property ecosystem and serves overlapping customers (residential buyers, diaspora investors), making it a relevant ecosystem/data peer rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCjL76Ln_2wucfAtzC47OJ7g
• Xx.com/AfrilandPlc
• Facebookfacebook.com/AfrilandProperties
• LinkedInlinkedin.com/company/1695138

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Afriland Properties