‘Investors should pay attention to property maintenance’
The Business Development Manager, Provast Limited, Mr. Segun Olabode, says investors in real estate should place emphasis on efficient management and maintenance of their existing stock of properties so as to enjoy maximum returns on their investments.
Olabode, who is an estate surveyor and valuer as well as a facility manager, spoke at a master class for members of the Nigerian Institution of Estate Surveyors and Valuers, Lagos State Branch, recently.
He said there was also a need for an effective safety management system to be in place.
Olabode stated, “The objective of a safety management system is to provide a structured management approach to control safety risks in operations. Effective safety management must take into account the specific structures and processes related to safety.
“The SMS is a comprehensive and integrated system that ensures that all work at the facility or site is conducted safely and should be fully documented, accessible and comprehensible to those that need to use it.”
According to him, property owners, organisations and investors prefer outsourcing the management of their facilities and structures so as to get better returns on investments.