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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 10:18

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 12:30

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 10:30

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 13:50

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 06:12

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 09:20

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 10:08

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 10:24

RMB to fund USD182m property development in Nigeria

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 10:17

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.

29 Nov 2013 06:33

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 30 Sep 2013 11:38

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 16 Sep 2013 06:25

Resilient reaps benefits of diverse investments

The Resilient group of listed property funds has outperformed other established property groups thanks to the dominance of the funds in the market segments they focus on, according to Ndabe Mkhize, portfolio manager at Stanlib.

By Nick Hedley 5 Sep 2013 09:39

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 26 Aug 2013 07:54

SA's mall space over-traded

There's still money to be made in the highly competitive rural and township retail market if you own established, dominant malls. But it is becoming more difficult to turn a decent profit on new shopping centres, says Resilient Property Income Fund's managing director Des de Beer, one of SA's early pioneers of non-metropolitan retail developments.

19 Aug 2013 09:16

Hilton Garden Inn to open in Nigeria

Hilton Worldwide have announced the signing of its first Hilton Garden Inn hotel for sub-Sahara Africa, in Nigeria's South East city of Uyo.

25 Jul 2013 14:31

Private Property receives US$20-million investment from jobs portal

One Africa Media (OAM), previously named Private Property Holdings, has secured a US$25-million round of investment from Australian-listed jobs portal SEEK, for the expansion of its operations across Africa.

Issued by Private Property 28 Jun 2013 13:25

Franchise sales up 16.8% for Famous Brands

Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region.

19 Jun 2013 11:34

Nigeria's corporate travel boom

The Nigerian hotel market is experiencing a corporate travel boom and although a difficult market to operate in, it offers attractive opportunities for major operators, according to a report released by professional services firm PwC.

By Nick Hedley 18 Jun 2013 07:43

Tourism growth outlook looks strong

Auditing firm PwC on Thursday (13 June) projected total room revenue in SA would grow at a compound annual rate of 9.2% between now and 2017 after overall spending on rooms in all categories rose by 13.4% in 2012 to R15.2bn‚ reflecting an increase in stay-unit nights and a 5.3% rise in the average room rate.

By Helmo Preuss 14 Jun 2013 07:54

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