Africa Real Estate still offer value for hardworking Investors
Africa property industry still represents good value for investors wanting a relatively secure income stream despite challenges that faces the continent.
This was revealed at the recent South African Property Owners Association (Sapoa) conference which took place at the Sandton Convention Centre.
Various experts discussed African property investing saying continent offers exciting returns for investors if they do their homework and study each market.
There are risks in Africa which putting some investors off nonetheless South African real estate investment trusts (Reits) are looking for strong returns offshore and some opportunities lie outside SA.
Given the uncertainty caused by Brexit, where the UK voted to leave the European Union, developing and frontier markets may regain some attention and investment funds.
Addressing the conference, Bronwyn Corbett, the head of Mara Delta, which is the only listed pan African fund, admits interest is growing in African real estate but says it is a challenging continent to invest in.
Ian Anderson, the chief investment officer at Grindrod Asset Management said more and more companies were looking for ... TO GET THE FULL STORY, CLICK HERE FOR MORE
Nedbank Corporate Property Finance has provided funding for 345 000m² of prime industrial land in the Pomona business node alongside the R21 highway in Johannesburg on behalf of The JT Ross Group. ... Full story