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Africa Property News

SA Commercial Real Estate sector primed to seize opportunities in Africa

SA’s commercial real estate sector leads the African continent, with a maturity and sophistication that compares favourably with any developed market. But, with scores of opportunities for property investment and development arising in Africa, the next decade could see other African countries developing comparable commercial property sectors. ... Full story

Prime Plaza a new landmark contribution to Gaborone’s changing skyline

PrimeTime have completed yet another landmark contribution to Gaborone’s skyline in the form of Prime Plaza, yet also one of the city's "greenest". ... Full story

JHI Properties to manage property Portfolio of newly launched Ascendant Property Fund

Making further inroads into the Zimbabwean market, JHI Properties is to manage the property portfolio of a new, unlisted property investment fund, Ascendant Property Fund (APF), which is acquiring 15 properties in three Zimbabwean cities from corporate vendors. ... Full story

Actis confirms sale of Ghanian Shopping Centre Accra Mall

Accra Mall is Ghana’s first A-grade shopping and leisure centre, home to international brands such as Shoprite and Game, as well as Ghanaian brands including Kiki Clothing and Nallem. ... Full story

Sanlam and Atterbury join to buy Accra Shopping Mall Stake from Actis

Sanlam Capital Markets, a wholly owned subsidiary of Sanlam Limited, through its properties division, has acquired an 85% shareholding in Accra Mall, the largest shopping mall in Ghana. ... Full story

Sebele Mall brings Gaborone Consumers a new Generation Convenience experience

The issue of convenience is a strange one in Gaborone. In a city with an abundance of malls and shopping centres, one might have assumed the convenience factor had been satisfied to death. ... Full story

Bigen Africa to partner with Ghanaian Estate Developer to build low cost housing

A South African infrastructural development company, Bigen Africa, has expressed interest in partnering Ghanaian real estate companies to build affordable houses for the poor and middle income earners. ... Full story

PIC seeks SA retailers partnership for Africa growth

The Public Investment Corporation (PIC) said yesterday it was exploring investment partnerships with South African retailers looking at broadening their footprint in Africa, a sign that it was serious about delivering on its mandate to invest close to R5bn on the continent. ... Full story

The Potential for Property Values in Africa‎

So you thought Europe or the Americas were the continents' best place to invest in property? Think again. ... Full story

Botswana's new landmark set to boost job market

The newly built Airport Junction Mall will create 600 permanent jobs once fully operational, says the Assistant Minister of Finance and Development Planning, Dr Gloria Somolekae. ... Full story

Airport Junction mall opens in Gaborone

In November 2010 construction commenced on the 50 000 m² regional shopping centre, Airport Junction, northern Gaborone as a joint venture between Eris Property Group and local partner Bifm at an estimated cost of R 428 million. ... Full story

Private equity the best route to African property profits

Investors looking to participate in the sub-Saharan Africa growth story should consider property, says Derrick Roper, CEO of Novare Equity Partners. ... Full story

S.Africa business urged to investment in Zimbabwe

Trade and Industry Deputy Minister Elizabeth Thabethe has called on business to invest in Zimbabwe, saying there were vast opportunities in the neighbouring country. ... Full story

Zimbabwe plans $100m infrastructure bond

Zimbabwe plans to float a $100m bond to rebuild its dilapidated infrastructure as the country struggles to attract foreign investment, the finance minister said on Wednesday. ... Full story

Travel groups pour into open-for-business Africa

The world's big hotel chains and airlines are rushing to serve new corporate customers in Africa, as Chinese and Middle East investment boosts business interest in the resource-rich region. ... Full story

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