"The Renaissance Lagos Hotel and Marriott Executive Apartments will be a significant addition to our strong Nigeria portfolio. There is a growing need for high calibre short and extended stay lodging in Nigeria..."
16 Nov 2017
Knight Frank's latest Wealth Report Attitudes Survey indicates a slight decrease in Africa's growth potential in wealth from 89% last year to an estimated 82% for 2015, but still the continent is third on the list, with North America first and Latin America at 85%...
2 Apr 2015
Africa's demographic growth prospects and the consequent opportunities in real estate are increasingly attracting international investors...
1 Apr 2015
A key takeout at the RICS (Royal Institution of Chartered Surveyors) Africa 2015 Summit in Johannesburg last week is that Africa is taking its place on the world stage in terms of real estate, infrastructure and construction...
30 Mar 2015
The number of Africans with $30 million in assets - the ultra high net worth individual - is anticipated to rise by 53% to 2,858 by 2023, far outstripping the average pace of growth across the rest of the world...
11 Feb 2015
JSE investors will gain access to the dollar-based returns generated by shopping centres, offices, warehouses and hotels in countries such as Morocco, Mozambique, Kenya, Ghana and Nigeria when Sandile Nomvete's Delta Property Fund brings the first outright African real estate offering to the market next month.
Joan Muller 20 May 2014
India's first mall management company, Beyond Squarefeet, is to manage 'Ado Bayero Mall', described as the first ultra-modern shopping mall in Kano, northern Nigeria, and the largest mall in the country.
5 Feb 2014
US hotel giant Marriott announced it had finalised a deal to buy the Protea group, Africa's largest hotel chain, for US$186m.
23 Jan 2014
Rand Merchant Bank (RMB) will jointly fund a major US$182m A-grade office development in Lagos‚ Nigeria‚ the bank said on Wednesday (4 December).
5 Dec 2013
Hyprop Investments will buy 87% of the issued shares of African Land Investments for R768m. African Land owns the Manda Hill shopping centre in Lusaka, Zambia.
29 Nov 2013
The sell-off in property stocks over the past four months has made it less attractive for unlisted real estate companies and developers to bring their shopping centres, offices and warehouses to the JSE. Since May prices have dropped around 13% and yields have risen from an average 6,2% to 7%.
Joan Muller 5 Oct 2013
Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week.
Zeenat Moorad 30 Sep 2013