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Marriott International adds mixed-use property to its Nigerian portfolio

"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

Africa needs coordinated strategies for urbanisation

Africa's rapid urbanisation can be a driver of industrialisation and there is an urgent need to connect policies and strategies for urban and industrial development...

25 Oct 2017

Lack of maintenance causes breakdown in landlord-tenant relationships

Sunell Afrika, rentals manager for SAProperty.com, says that "one of the biggest causes of a breakdown in landlord-tenant relationships is where there is a lack of maintenance or repair"...

10 Oct 2017

Going the Reit route could help Attacq

Attacq, which owns the Waterfall development precinct, anchored by the 131,000m2 Mall of Africa near Midrand, last week reported foreign exchange and impairment losses of R280m on its European and African interests...

By Joan Muller 26 Sep 2017

JLL report reveals growing demand for prime logistics space in Africa

According to JLL's 2017 Africa Prime Industrial Report, within Africa's more diversified economies, the prime industrial sector is set to emerge as an attractive asset class over the short to medium term...

31 Aug 2017

BON Hotels increase footprint in West Africa, signs twelfth hotel in Nigeria

BON Hotels has increased its footprint in West Africa with the signing of its 12th hotel in Nigeria - making the group the largest hotel management company in the country...

27 Jun 2017

Tax structures hinder Nigeria REIT growth

According to Bolaji Edu, Broll Nigeria CEO, while there is appetite to invest in the listed property sector on the Nigerian Stock Exchange (NSE), the regulation is very tax inefficient and the sector remains underdeveloped...

28 Dec 2016

Nigeria's slowdown affects retail, investment opportunities

According to Broll Nigeria, retail landlords have had to offer rental concessions in order to retain tenants in Nigeria and falling commodity prices, coupled with the depreciation of the naira, have contributed to the reduction of Nigeria's attractiveness as an investment destination in general...

12 Oct 2016

Hilton Worldwide announces line-up of hotel firsts for Africa

Hilton Worldwide announced new properties and extensions at AHIF. Among the new hotels agreed is Africa's first modular build hotel, Africa's tallest hotel in Nairobi, and...

4 Oct 2016

Nigeria partners with South African firm in real estate and agriculture deal

The Nigeria Sovereign Investment Authority established a partnership with Old Mutual Investment Group of South Africa to co-invest $700m in real estate and agriculture development projects...

20 Sep 2016

Carlson Rezidor leading hotel boom in Africa

Accelerating its growth strategy in Africa, Carlson Rezidor has opened five Radisson Blu hotels in the first six months of 2016 and signed four new hotels including...

22 Jun 2016

Eris Property Group to invest in Nigeria's Agbara Estate

The development plans for the Agbara Estate in Lagos, Nigeria, represents Momentum Africa Real Estate Fund (MAREF) and its partners, Land Afrique and Eris Property Group's commitment to investment in Nigeria...

4 Feb 2016

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 30 Apr 2015

Knight Frank wealth report indicates Africa's growth potential

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

African real estate attracts increased foreign investment

Africa's demographic growth prospects and the consequent opportunities in real estate are increasingly attracting international investors...

1 Apr 2015

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...

30 Mar 2015

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 20 May 2014

Homecoming Revolution London Expo around the corner!

Homecoming Revolution's London Expo will take place from 15-16 March 2014 and will feature a variety of exhibitors, guest speakers, workshops and case studies aiming to encourage Africans to return home.

25 Feb 2014

India's Beyond Squarefeet to manage Nigeria's largest mall

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

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.

23 Jan 2014

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