Lee Group set to unveil $1.8bn industrial park in Ogun, targets 29 factories, 2,500 jobs

Why this matters

Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.

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On the RET wire

• One of 6 industrial stories tracked on the wire in November 2026. All Industrial coverage →

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