On July 2nd, 2024, The Access Bank UK Ltd hosted its much-anticipated Property Roadshow in Lagos, Nigeria. The event, held at the prestigious Wheatbaker Hotel, attracted a diverse audience of investors, real estate enthusiasts, and financial professionals eager to explore international property investment opportunities.
The formal program commenced with a welcome speech by Johnson Ememandu, Head of Commercial Banking of The Access Bank UK Ltd. He introduced the Bank’s vision, mission, and the purpose of the gathering, focusing on the theme “Financing Your Investment.”
Johnson Ememandu elaborated on how The Access Bank UK Ltd supports clients in achieving their property investment goals. He detailed the Bank’s successful track record in assisting customers with property acquisitions in the UK. He also emphasised the Bank’s responsiveness and readiness to meet customer’s property needs, highlighting reasons why The Access Bank UK Ltd is preferred among other Nigerian banks in the UK.
Following Johnson Ememandu’s presentation, Juliet Benson of J. Benson Solicitors took the stage to discuss the property conveyancing process. She explained the various searches required for properties and their importance, as well as taxes such as stamp duty, inheritance tax, and capital gains tax. Ms Benson also covered the involvement of seller’s solicitors and developers in new builds, the necessary documents, and the procedures for due diligence and money laundering checks for overseas property investors.
Yemi Edun of Daniel Ford International presented on how his company supports clients with property choices. He provided an overview of London’s zoning, tourist attractions, and the impact of events on property prices. Mr Edun emphasized his company’s expertise in identifying areas with potential for capital appreciation and good rental income yields. He concluded by introducing his team members and detailing their services in property acquisition, residential lettings, and full property management.
The presentations were followed by a Q&A session, allowing the audience to ask questions on topics ranging from refinancing existing properties to the merits of leasehold versus freehold ownership. The panelists’ comprehensive responses were well-received, enhancing the audience’s understanding of the topics discussed.
Julie Soyinka-Sonuga, Deputy Head of Commercial Banking of The Access Bank UK Ltd, delivered a vote of thanks, expressing appreciation to the attendees and reminding them of the Bank’s Representative Office in Lagos for further assistance and information.
The event concluded with a delightful dinner and drinks, providing an excellent opportunity for further networking. Attendees commended The Access Bank UK Ltd for hosting an insightful and informative session, recognising the Bank’s commitment to empowering clients with knowledge and opportunities in the international property market.
The Access Bank UK Ltd Property Roadshow was a resounding success, fostering greater awareness and interest in international real estate investment among Nigerian investors. The event underscored the Bank’s dedication to empowering its clients with the knowledge and tools necessary to make informed investment decisions.
