Africa beckons the continent investors want a piece of

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Africa Property News.com Media Director, Ortneil Kutama believes the diminishing availability of retail assets in South Africa has given listed property groups an opportunity to spread their wings. Africa Property News.com Media Director, Ortneil Kutama believes the diminishing availability of retail assets in South Africa has given listed property groups an opportunity to spread their wings.

In the bun-fight for domination for property business in Africa, with South African companies in one corner, and International players in the other, the outcome looks like SA firms are leading the investment ladder.

Africa Property News.com Media Director, Ortneil Kutama believes there is a scramble for African property assets as investors look to gain first mover advantage in the continent.

The diminishing availability of retail assets in South Africa has given the group an opportunity to spread their wings.

Even analysts agree listed property groups should turn their attention to the rest of the continent. Africa is a fast-growing continent with a large middle class.

“Many of these new entrants are South African listed property funds, which are looking for growth opportunities, having struggled to find new ones in SA this year,” Kutama says.

The most important African deal this year is the merger of Delta Africa and The Pivotal Fund’s Mara African fund. Mara Delta will have about R7bn worth of assets under its control.

Other South African based companies which are chasing opportunities but through a less risky strategy include... TO GET THE FULL STORY, CLICK HERE FOR MORE


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