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One Africa Media teams up with leading Mauritian Media Group La Sentinelle

One Africa Media has aquired a stake in Property Finder Ltd, a subsidiary of La Sentinelle Ltd who operates the leading property portal in Mauritius, Lexpressproperty.com, as well as other publications including home decor website, lacase.mu...

Issued by Private Property

JLL launches fifth hub in Africa

JLL has launched its east African Hub in Nairobi, Kenya - the fifth JLL-owned and operated hub on the continent. Other JLL hubs in Africa are located in Casablanca, Cairo, Lagos and Johannesburg...

USD$10m investment into One Africa Media

SEEK, the world's largest online employment marketplace by market capitalisation, has announced the investment of USD$10m for an additional six percent equity ownership in One Africa Media...

Issued by Private Property

RICS examines future vision for African real estate

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...

Affluent Africa drives demand for property

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...

AECI plans to reduce its reliance on a weak SA

JSE-listed AECI plans to start producing explosives in Australia by year-end‚ as the chemicals and explosives firm looks to reduce its reliance on South Africa's weak mining and manufacturing sectors.

By Nick Hedley

African fund eyes JSE

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.

By Joan Muller

Zimbabwe central bank has 'no tools' to fix economy

Zimbabwe's new central bank chief said the country's economy was weakening and the bank did not have the tools to fix it.

Marriott clinches deal to buy biggest African hotel chain

US hotel giant Marriott announced it had finalised a deal to buy the Protea group, Africa's largest hotel chain, for US$186m.

Tribute to Nelson Mandela... Celebrate Madiba's life...

A great man has passed away and we all mourn the loss of Madiba, but while we mourn, let us also celebrate the life and the achievements of one of history's greatest statesmen, and certainly South Africa's and Africa's greatest. (video)

Hyprop buys 87% of African Land for R768m

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.

Property listings on the move

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%.

By Joan Muller

Truworths slows drive into Africa

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.

By Zeenat Moorad

HVS supports Nairobi Hotel Investment Forum

The siege in Nairobi's Westgate shopping mall has raised obvious concerns over security and safety in a country poised for growth. This was the conclusion of HVS London director Tim Smith, attending the Africa Hotel Investment Forum 2013 in Nairobi this week, following the decision by organisers to go ahead with the conference.

Africa fund heads for JSE

Three years ago only a handful of formal shopping centres exceeding 10,000m² were scattered across Africa north of SA's borders. And not a single JSE-listed property company had a presence on the continent.

By Joan Muller

Open for business

A Bizcommunity Press Office has become the obvious means by which to constructively steer what you want people to know, think and perceive about your company in the public realm.

Issued by Bizcommunity.com

Retailers hit sweet spot in Africa

Africa's scope for investment is steadily increasing and demand for more formal retail options from shoppers is following suit.

By Zeenat Moorad

Broll opens new offices in Kenya

Responding to growing investment on the African continent, professional property services provider Broll recently opened its new Kenya offices in Nairobi. Broll Kenya will provide property services to support demand in East Africa.

Nairobi's Garden City development breaks ground

Garden City, Nairobi's flagship retail, residential and commercial property development, broke ground recently at a celebration ceremony in the presence of more than 100 distinguished guests, including the Governor of Nairobi, Dr Evans Kidero.

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