Nigeria Property Market

Major SA hotel group to pull out of Nigerian market

JSE-listed Sun International, on Monday said it plans to exit its investment in Nigeria amid shareholder dispute.

Africa — A challenging environment for Real Estate Investment

Property Investors are still concerned that a lack of strong legal structures and reliable rules are making the decision to invest in other African countries difficult as opposed to investing in Europe — SA Commercial Prop News has learned.

Lagos vs. Johannesburg

While Johannesburg may be the richest city in Africa which is undergoing impressive development, Lagos with its young population and oil, — is the future hub for property investors, reports Ortneil Kutama, Africa Property News.com Media Director.

Dual currency real estate funding, may solve headaches in sub-Saharan Africa

Dual currency funding structures can bring stability and robustness to real estate deals in sub-Saharan Africa, as developers and retailers seek solutions to the volatility currently faced in their domestic economies.

Ikeja City Mall in Nigeria sold to Hyprop and Attacq

Hyprop and Attacq have purchased Ikeja City Mall in Lagos for an undisclosed amount, from the previous owners, Actis, RMB Westport and Paragon Holdings.

Real estate in Africa continues to drive growth potential

A growing consumer middle-class, powered by rapid urbanisation and shifting demographic trends is driving both property demand and growth opportunities in the real estate industry across the African continent.

Urbanisation drives hunger for property and development in Africa

Sub-Saharan Africa is a promising market for property as urbanisation, economic development and increased affluence among the rising middle class drive growth across the sector.

Nigeria’s Eko Atlantic City takes shape

The new multi-billion dollar Eko Atlantic City with residential and commercial tower blocks off the coast of Lagos in Victoria Island, is taking shape as developers forge ahead with infrastructure development.

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.

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".

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