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Marriott International adds mixed-use property to its Nigerian portfolio
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

Kigali, Rwanda. © Dereje Belachew via
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
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
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
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

Artists impression of the reception at BON Hotel Apo
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

Atlantic House in Nigeria
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

Bolaji Edu, CEO of Broll Nigeria. 
Picture:
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 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

- From left: Chief Investment Officer, Old Mutual Investment Group, Hywei George; Chief Executive Officer of the Group, Diane Radley; Minister of Finance, Kemi Adeosun; and Managing Director/Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, at the agreement-signing ceremony.
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
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
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

Knight Frank wealth report indicates Africa's growth potential
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
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
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
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 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 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
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

RMB to fund USD182m property development in Nigeria
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

Hyprop buys 87% of African Land for R768m
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

Truworths slows drive into Africa
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

Africa fund heads for JSE
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

Resilient reaps benefits of diverse investments
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

Retailers hit sweet spot in Africa
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

SA's mall space over-traded
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

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

Franchise sales up 16.8% for Famous Brands
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

Nigeria's corporate travel boom
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

Tourism growth outlook looks strong
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

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