Timothy Tunde Oladokun

• Ph.D. Estate Management
• Former Head of Department at Obafemi Awolowo University

Purpose – Several institutions increasingly recognise their role in addressing the global housing crisis with initiatives focused on fostering land access by people who identify with them. This study examined land affordability through the lens of ethnic and religious affiliations to provide useful information for addressing housing deficits in dev...

This study investigates the environmental implications of land use succession on formal housing stock. It is pursues to provide information that will assist in reducing or total elimination of the negative environmental impacts of land use succession on formal housing stock with the aim of enhancing housing and property investment decisions. The st...

Combining knowledge management strategies (KMSs) for knowledge transfer (KT) among employees is a topical issue, especially in professional service organisations like property valuation firms. To understand the appropriate combination ratio for different knowledge, two surveys were conducted: the first with 53 valuers, and the second with 10 valuer...

The import of the real estate assets of business organisations, otherwise known as corporate real estate (CRE), has shifted from being regarded as a mere factor of production to a strategic business resource which can be used to improve the profitability of the organisation. This study evaluates the contributions of corporate real estate management...

Background and context: Calabar, Nigeria, faces challenges with its informal land market, impacting urban development and equitable land distribution. Government policies and approaches play a crucial role in addressing this issue. Understanding the effectiveness of these interventions is essential for sustainable urban growth and social welfare...

Although cities are places of opportunities and benefits, they are faced with multi-plethora problems, such as those posed by the phenomenon of urbanisation and those heightened by actions of city dwellers. At the heart of any city supply chain is transportation, which is usually fraught with imperfection in many African cities. In this study, we p...

Abstract Studies related to green office buildings have gained significant attention in recent years due to the growing emphasis on sustainability and environmental concerns. This is driven by the increasing awareness of corporate companies on the importance of integrating sustainability into their business objectives and operational premises. This...

The goal of this paper was to create a model of Critical Success Factors (CFSs) and Key Performance Indicators (KPIs), which can be used to keep track of service business activities for enduring real estate practice in emerging economies. As a reference to real estate specialists in emerging economies, the study reviewed and analyzed relevant paper...

Functional infrastructure tends to influence returns in the property investment market. This study adopted exploratory research design to evaluate the flow of returns on property investment and infrastructure conditions indices in Abuja between 2012 and 2021. Data were obtained via questionnaire, distributed to real property appraiser firms and res...

The paper evaluated key indicators adopted by practitioners to drive the performance of real estate consulting firms of estate surveying and valuation in Lagos, Nigeria. Using probabilistic sampling technique, the study empirically found that, to achieve effective performance, estate firms considered annual revenue and return on investment crucial...

Purpose Errors or negligence are inherent parts of professional services, thus necessitating the adoption of professional indemnity insurance (PII) as a risk management tool to protect professional interest. This paper sought to examine the adoption of PII among Estate Surveying and Valuation firms in Oyo State, Nigeria. Design/methodology/approac...

Purpose: Whereas the negative effects of client influence in real estate valuations are established in the literature, other studies have justified client involvement and engagement with professionals in the process of executing valuations as an act of sophistication. The current study examines the sophistication or otherwise of valuation clients i...

Purpose – Beyond the economic determinants, non-economic criteria of land affordability are also of great importance. From the context of emerging economies, this study investigated the affordability of low-cost land allocation through the lens of non-economic criteria. Design/Methodology/Approach – Given that the non-economic criteria considered...

The study assessed void management strategies adopted by Estate Surveying firms in multi-tenanted office properties in Lagos, Nigeria Primary data were collected with the aid of questionnaires from estate surveying firms in the study area. in line with the Directory of the Lagos State branch of Nigerian Institution of Estate Surveyors and Valuers (...

While some pioneering works have reported the significant influence that clients have to sway the behavioural perspectives and value opinions of property valuers, others have examined the increasing trends of client sophistication in their demands on valuers and advised valuers to work towards client satisfaction. Several studies have also examined...

Whereas the income approach (investment method) to valuation represents the most applicable method of valuing income generating properties, limitations arising from the dearth of market data for market comparisons and determination of yields, among others, sometimes question the reliability of most opinion of values. Meanwhile, valuation reliabilit...

The idea of the Integrated Development Scheme (IDS) has received considerable attention in India, Indonesia and in some African countries such as Kenya and Ethiopia. The scheme has led to urban slum upgrading in these countries and has led to notable successes in the provision of common facilities in the rural areas of India. Therefore, given the n...

The paper assessed the factors affecting the admissibility of expert opinion in real estate litigation in Ibadan with a view to providing information that could enhance real estate practice. Data were obtained from one hundred and three (103) Estate Surveyors and Valuers (ESV) selected from one hundred and fifty-eight (158) financial members of Est...

This study examines the awareness of property managers about the potential benefits of VGSs on buildings in Lagos, Nigeria. The questionnaire for the study was administered to property managers working with registered estate surveying and valuation firms in Lagos. On per firm basis, a total of 282 property managers working for the firms were consid...

ABSTRACT This paper examines the factors that influence corporate real estate outsourcing in the banking and telecommunication sectors of Nigeria with a view to enhancing outsourcing practice. Primary data used for the study were obtained from the questionnaires administered on twenty-seven banks and six telecommunication operators who were asse...

Purpose The upward rise of the prolonged payback period and the inability of the project to generate estimated income that has been linked with the irregular rent payments has been a major problem confronting real estate investment. Given the fact that real estate investment is a risky investment venture with a highly uncertain future stream of inc...

This study aims to analyse the criteria used in measuring the determinants of the adoption of virtual reality (VR) technology in real estate agency practice in Lagos, with a view to providing information with which the practice can be enhanced. The data for the study were elicited using a questionnaire which was administered to eight real estate f...

This study analysed the criteria used in measuring the determinants of the adoption of VR technology in real estate agency practice in Lagos, with a view to providing information with which the practice can be enhanced. The data for the study were elicited using a questionnaire which was administered to eight REFs. The firms were those that have b...

Purpose: This paper aimed to equip real estate practitioners in developing countries with critical success factors (CSFs) and key performance indicators (KPIs) for keeping track of their activities to develop sustainable practice. It will model CSF and KPIs that can be effectively used to run an enduring real estate practice. Design/Methodology/Ap...

The study examined the valuers' perception of expert witnessing in real estate litigation in Ibadan, Oyo State with the aim of improving professional practice. Primary data was collected from respondents 103 registered valuers (RSV) drawn using systematic random sampling technique from 158 financial members contained in the Estate Surveyors and Val...

Purpose-Students are the hub of activities in an academic environment, and their satisfaction with the performance of educational facilities cannot be overemphasised. Therefore, this study evaluated the post-occupation of students' halls of residence in Obafemi Awolowo University (OAU), Ile-Ife, Nigeria with a view to enhancing effective management...

Purpose The study analysed the factors influencing real estate firms' (REFs) decision to adopt virtual reality (VR) technology using the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method. This was done to enhance the practice of real estate agency in Nigeria. Design/methodology/approach Data were elicited from eight real estate expe...

Sustainable features are gradually becoming important considerations by commercial real estate users. This is because of their considered impact in reducing operating costs and potential at reducing the negative impacts of buildings on human health and the natural environment. This chapter sought to examine the demands for sustainable features by u...

The article is about the characteristics of void or vacancy or empty commercial management. When a building is vacant, it is a loss of income to investors. Banks or financial institutions are also at risk of default. At the same time, estate managers have issues with guaranteeing a steady source of income for property owners. Property management th...

Purpose Students are the hub of activities in an academic environment, and their satisfaction with the performance of educational facilities cannot be overemphasised. Therefore, this study evaluated the post-occupation of students' halls of residence in Obafemi Awolowo University (OAU), Ile-Ife, Nigeria with a view to enhancing effective management...

Purpose The global shift in the traditional skills required of real estate graduates has led to an increased demand for employees who have the required skills and competencies. The purpose of this study is to evaluate employment considerations of real estate firms and analyse employers’ skill expectations and the observed skills possessed by the gr...

The study examined the investment performance of commercial properties; proxied by office and shop properties, in Ibadan metropolis. Specifically, the study examined the return-risk profile, risk-adjusted performance and downside risk characteristics of shop and office property investments in Ibadan property market from 2007 to 2016. The study empl...

Purpose Although a substantial amount of research on the effect of demographics on service quality perception can be found in the extant literature, practitioners and researchers in the built environment, especially property managers, know little or nothing about the influence of demographic characteristics on service quality in Nigeria. Hence, th...

Purpose The purpose of this paper is to assess the service quality (SQ) of property managers of shopping complexes in Ibadan with a view to improving management practice. Design/methodology/approach Primary data were used for the study through questionnaire administration. Ibadan was stratified into five axes using existing major roads where sho...

Purpose The purpose of this paper is to examine factors influencing service quality of the property managers to the occupiers of shopping complexes in Ibadan, Nigeria. This was with a view to providing information that could enhance property management practice. Design/methodology/approach Primary data were used for the study. The study area was...

Purpose This paper aims to identify external factors that are critical to the success of estate surveying business in Lagos State, Nigeria. Design/methodology/approach Primary data were collected with the aid of questionnaires from estate surveying firms in the study area. Using a sampling interval computed as 1.93-2, 186 firms were selected fro...

Purpose: The importance of education is always underscored without adequate demonstration of skill(s) for practice. Appropriate professional skills guarantees efficient real estate investment decision making and prevents loss of investment fund. The study evaluated, from the perspective of employers of labour, the effort of the government, through...

Purpose The aim of this study is to examine the extent to which variations in gender, socioeconomic and academic background influence real estate students’ academic performance in Nigeria. Design/methodology/approach Data for the study were collected using self-administered questionnaire, served on final year real estate students in two of the t...

This study examined the drivers of housing development in Ebele community area of Benin City, Nigeria. It inquired into the housing finance structures and evaluated factors influencing housing development and infrastructural needs in the rural housing sector. The paper sampled 30 residents from each of the five villages in the study area. Using fre...

Rural industrialization has been identified a potent ingredient for sustainable nation building. This is particularly relevant in Nigeria, given its high unemployment rate and prevailing crisis in its oil sector. This study examines industrialization in a Nigerian rural area, Ebelle community of Edo state. It specifically looks into the existing ex...

Purpose The purpose of this paper is to examine the factors affecting academic performance of real estate students in a developing country like Nigeria. Design/methodology/approach Data for the study were collected with the aid of questionnaire served on 152 final year real estate students of Obafemi Awolowo University, Ile-Ife and Federal Univers...

The traditional perceptive of the real estate (RE) owned by companies not primarily in RE business as a “factor of production” limits its importance to the provision of space for manufacturing and delivery of goods and services. This belief regards corporate RE (CRE) management (CREM) executives as deal makers whose responsibility is RE negotiation...

The purpose of this paper is to identify climate change related building defects and examine the effects of climate change on commercial properties in Lagos State. The methodology involved the analysis of primary data collected from the two hundred and seventy practicing Estate Surveying firms in the study area. Proportion method was used to determ...

Purpose – The paper aims to contribute to the empirically scarce literature on corporate real estate management (CREM) strategies by providing meaningful insights on the different strategies likely to contribute to business performance in a developing country like Nigeria. Design/methodology/approach – Primary data collected using questionnaire ad...

The paper sought to evaluate the practice of collaboration for the provision of valuation service in Nigeria with a view to providing information for incorporating inter professional training into real estate education. Questionnaires were distributed randomly on 270 practising estate surveying firms in Lagos state. Data were analysed with the aid...

Abstract Purpose – The purpose of this paper is to evaluate the relevance of students industrial work experience scheme (SIWES) to real estate education in Nigeria. Design/methodology/approach – Primary data were collected with the aid of questionnaire served on 182 parts 3 and 4 students of Estate Management and Valuation, Obafemi Awolowo Universi...

The importance of infrastructure and services in achieving efficient and effective functioning of cities and towns as well as promoting national economic development have been well emphasized by the political declaration issued at the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg, South Africa. It has also been ascertained by...

Purpose – This study aims to evaluate the practice of dispute resolution in Lagos International Trade Fair Complex, Lagos State. Design/methodology/approach – Questionnaires were distributed to two study groups of 400 users/occupiers and officials of the managing agents. A total of 100 were returned and found useable for the study. The study adopte...

The importance of infrastructure and services in achieving efficient and effective functioning ofcities and towns as well as promote national economic development have been well emphasized by the political declaration issued at the 2002 World Summit on Sustainable Development (WSSD) in Johannesburg, South Africa. It has also been ascertained by emp...

Background and aims: With globalisation of business and trade activities propelled by information technology, the need for efficient utilisation of organisational resources in African emerging economies is apparent. The corporate real estate management, as the management of the fifth and major resource of the organisation, could be restructured in...

While the multi disciplinary nature of the practice of facilities management (FM) enhances access to requisite professional inputs, the public perception as an "all comers affair" poses a challenge of competence on practitioners. The aim of this paper is to examine the professional background of practising facilities managers in Nigeria. The aim is...

Purpose This paper aims to evaluate the strategies adopted by Nigerian banks to integrate the management of their real estate assets into the overall business objectives. Design/methodology/approach Questionnaires were distributed to the corporate real estate managers of the 24 recapitalised banks in the country and supplemented with interview. Th...

While the multi disciplinary nature of the practice of facilities management (FM) enhances access to requisite professional inputs, the public perception as an “all comers affair” poses a challenge of competence on practitioners. The aim of this paper is to examine the professional background of practising facilities managers in Nigeria. The aim is...

This paper aims to evaluate the problems of commercial property management practice in Nigeria. It seeks to identify those factors that can significantly prevent the achievement of targeted objective of an investor, which needs to be guided against. Questionnaires were distributed to 270 practicing estate firms in Lagos State, Nigeria out of which...

Recent research has linked home ownership with a variety of beneficial social outcomes such as increased community involvement, more diverse social capital resources, and greater civic engagement. Major changes and economic growth required in urban centres are centered on urban home ownership and government policy approach, housing standards, the d...

Purpose This paper aims to examine the skill requirements for the practice of corporate real estate management (CREM) in Nigeria. Design/methodology/approach Questionnaires were distributed to 270 practising estate firms in Lagos State, Nigeria, 145 final year students of Estate Management in Obafemi Awolowo University, Ile Ife, Nigeria as well as...

Purpose The purpose of this paper is to document the corporate site selection and acquisition process in a Nigerian global system for mobile (GSM) communication company, using a case study approach. Design/methodology/approach The study integrates a literature review and a case study. The researcher made use of semi‐structured interviews to obtain...

Where void is prevalent at the rental housing market, the realisation of the investment objective seem to be unachievable. The study seeks to investigate the reasons for property void in the housing rental market as a means of enhancing the investment returns on housing investment. Questionnaires were administered on 20 purposively selected estate...

Purpose The paper seeks to identify the factors that are responsible for the incursion of non‐professionals, otherwise called quacks, into property management practice in Nigeria. Design/methodology/approach Primary data were collected with the aid of questionnaires served on 270 estate surveying firms based in the study area. The proportion metho...

Proliferation of hooliganism, criminality, housing problems, infrastructural decay, social vices, environmental degradation and traffic congestion have been considered outcomes of rapid population growth and tremendous pressure on civic infrastructure systems. Urban renewal is perceived to play an important role in the policy towards sustainable de...

This paper aims to evaluate the factors that inhibit effective property rights governance in Nigeria with a view to enhancing property investment's profitability.

Inadequate supply of land and insecurity of tenure are major impediments to effective land delivery system for housing development in most developing countries of the world. The study seeks to explore viable alternatives from contemporary land models that have proved to enhancing the access of the poor to land and granting security of tenure to the...

Purpose – This paper aims to increase the awareness of developing countries' corporations and academics concerning the significant importance of CRE holdings in corporate asset portfolios. It seeks to demonstrate how corporate real estate management can be employed by organisations in developing countries to add value to overall business value by a...

This paper examines the degree of preparedness of the Nigerian estate surveyors and valuers to sustainable property management practice in response to the challenges and benefits of the practice in advanced countries. Using an instrument designed to elicit factual data and opinion from a sample of practising estate surveyors and valuers in Lagos, t...

While buildings and development provide countless benefits to society, they also have significant negative environmental impacts. To address this problem, green or sustainable buildings have been advocated in developed countries as these have less toxic materials and consume natural renewable resources with focus on environmental sustainability. Th...

High rate of deterioration of building components and absence of maintenance culture are major threats to property investment in Nigeria. A major effort towards guaranteed sustainability of development in the built environment is effective facility management. This paper therefore examined the effectiveness of facility management strategies in Abuj...

With a focus on the Nigerian property market, this paper examined the perceptual stand of stakeholders on property securitisation and established its relevance as well as the factors that may hinder its usage in a developing market. A total of 110 questionnaires were administered on the four categories of stakeholders in the Nigerian real estate an...

The concept of Corporate Real Estate Management (CREM), no doubt, has received considerable attention in developed countries like the USA and the UK. The reason for this paradigm shift towards CREM in corporate business management is obvious. The practice of CREM has resulted in higher overall profit performance. In view of this and compelling need...

The paper examined the challenges of corporate real estate (CRE) management outsourcing in Nigeria that can prevent organisations in developing countries from using CRE to reduce overall operational costs. A quantitative research methodology was adopted for the study where a survey was conducted with CRE/property managers of business organisations...