Africa Property
Focus on Partnerships key to unlock value in Africa’s Property Market
Property Investors and developers looking to expand into Africa, need to take heed that focusing on finding the right local partner on the ground, are among the quickest ways to unlock value and underpin growth in the continent. ... Full story
Eris Property Group launches African Real Estate Fund venture
Property services and development company Eris Property Group and Momentum Global Investment Managers are collaborating on setting up an African Real Estate Fund focused on Sub-Saharan Africa.
Botswana Property Market still worthwhile for Investment
Gaborone — Botswana's directly held investment property for commercial and residential sectors produced a total return of 21.4% last year, which is an improvement from 18.1% recorded for 2012, a study has revealed.
Sub-Saharan Africa tops global index in CRE transparency improvement
Where transparency broadens, real estate capital flows and market change follows. This trend has finally made its way to one of the “final frontiers” of commercial real estate: Sub-Saharan Africa (SSA), which has claimed five of the global top 10 spot for greatest improvements in real estate market transparency: Kenya, Ghana, Nigeria, Zambia and Mauritius.
Lagos hotel market rapidly gaining traction
Tsogo Sun is South Africa’s biggest hotel group, but it is its hotel in Lagos, the Southern Sun Ikoyi, that lays claim to the second-highest average room rate in the group, trailing only a boutique hotel in Seychelles.
Black-Owned property group looks for new home on the JSE
SOUTH AFRICA's black-controlled Delta Property Fund plans to establish a new sub-Saharan Africa Real Estate Fund on the JSE in June, as it expects high dividend-paying strategies to become more appealing to investors.
2014 Economic growth in Africa expected to reach 5.2%
According to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects, economic growth in Sub-Saharan Africa continues to rise from 4.7 percent in 2013 to a forecasted 5.2 percent in 2014.
International Hotel operators show interest in African business
Sub-Saharan Africa is seeing a surge in hotel investment and development by overseas hotel operators, sighting economic growth which has boosted interest on the continent.
International Council of Shopping Centers seeks African growth
NEW YORK – The International Council of Shopping Centers (ICSC), on Tuesday announced that it is had launched an African research group to help its membership tap into the economic growth potential across the continent.
PPC eyes prospects in African markets
Pretoria Portland Cement (PPC) CEO Ketso Gordhan says the group’s management is looking at concluding one or two big deals in Africa in a bid to double earnings by 2018.
R3 billion earmarked for Sub-Saharan Africa shopping centers
Seen as the next growth point, Sub-Saharan Africa is in for a commercial transformation, with Hyprop Investments, SA’s third-biggest property company by market value, planing to invest over R3 billion (approx. $272m) developing and acquiring shopping centers.
Sub-Saharan Africa can maintain 6% growth
Sub-Saharan Africa can meet growth expectations of more than 6% this year, despite a slowdown in China, but the outlook for North Africa is more uncertain, the president of the African Development Bank said on Friday.
Mauritian property offers top value
South Africans who have in recent years bought holiday pads in Mauritius, typically with price tags exceeding R10m, have been handsomely rewarded on the capital growth front.
Mauritius draws South African Investors
South African investors are flowing back into the property market in Mauritius, according to Nitin Pandea, who heads the Mauritian Board of Investments.
Doing business in Nigeria too challenging for Woolworths
South African retailer Woolworths Holdings Ltd. (WHL) has canned its three-store pilot project in Nigeria as high rental costs, duties and complex supply chain processes make trading in the West African country "highly challenging".
