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This study examines the effect of the planned design and built of the Ilupeju Industrial Estate on property values within the estate and its surrounding neighbourhoods in Lagos State, Nigeria. Ilupeju, one of the earliest planned industrial estates in Lagos, has experienced significant physical, commercial, and infrastructural transformation over the years. The research investigates how factors such as planned road networks, industrial infrastructure, accessibility, land-use planning, and proximity to manufacturing Resident and commercial activities influence the rental and capital values of residential and industrial properties. The study adopts a descriptive survey design, utilizing both primary data obtained through questionnaires administered to estate surveyors, property owners, and occupiers, and secondary data from valuation reports, property transactions, and relevant literature. Data are analyzed using descriptive and inferential statistical techniques to determine the relationship between industrial estate development and property values. Findings are expected to show that the planned nature of the Ilupeju Industrial Estate has positively influenced Residential and industrial property values through improved accessibility.
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Tomori et al. (2026) studied this question.
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