Kayode Ola – ei – estate intel

Kayode Ola

June 26, 2016

Update – Development: Lekki Mall, Lekki-Epe Expressway, Sangotedo – Lagos

Published: January 2015; Updated: June 2016. Name: Lekki Mall; Location: Corner of the Lekki-Epe Expressway and Cardinal Olubunmi Okojie Way, Sangotedo, Lekki-Epe Expressway, Lagos; Use: Retail; Size: 22,000sqm (100 Shops); Anchor Tenants: Shoprite, Game; Sponsor: Novare Africa Property Fund; Project Managers: Mayibentsha […]
April 28, 2016

Pick n Pay to enter Nigerian market through a joint-venture with AG Leventis

Pick n Pay Stores Ltd recently announced plans to set up shop in Nigeria, on the back of its impressive 2015 results which saw double-digit profit increase in full-year (26%) profit after opening 175 stores. The move will see Pick […]
March 30, 2016

South African Retailers Have Spent Over £1.85bn Buying their European Counterparts

In the past 10 months, South African retailers and investors have spent over £1.85 billion on the acquisition of retail chains within Europe. Brait SE, a South African owned investment company started the trend when they acquired British fashion retailer New Look for £780 […]
March 20, 2016
The Union by MAREF, West Ridge, Accra - Ghana. Image source: estateintel.com

Development: The Union, West Ridge, Accra – Ghana

Name: The Union; Address: Castle Road, West Ridge Area, Accra Ghana; Size: 11,909m² (excluding – 4th Floor Deck); Floor Plate Size: 1,510m²; Use: Office & Retail; Floors: 12; Developer: Momentum Africa Real Estate Fund (MAREF); Project Duration: Jun 2016 – […]
March 15, 2016

China-based Investor Seeks to Dominate U.S. Hotel Industry

China-based Insurance Company, Anbang Insurance Group Co. has a contract in place to buy Strategic Hotels & Resorts Inc. for $6.5 billion from Blackstone. Strategic owns 16 U.S. hotels, with all but one competing in the luxury sector. Its hotel […]
March 2, 2016
Ikeja City Mall. Image Source: RMB Westport

GIC Invests in Africa through Actis and RMB Westport

The Government of Singapore Investment Corporation (GIC) has made its initial commitment to African real estate with its investments in two of the region’s largest firms; Actis and RMB Westport. According to an exclusive release from PERE, the Singaporean sovereign […]
February 29, 2016

Resilient Africa Slows Development of Malls in Second-Tier Nigerian Cities

South Africa’s fourth-largest REIT, Resilient has slowed down on plans to build 10 shopping centres in Nigeria. In 2012, Resilient Property Income Fund entered into a JV agreement with Shoprite and Standard Bank to develop quality shopping malls in metropolitan areas […]
February 24, 2016
Two Rivers Mall, Nairobi - Kenya. Image Source: Boogertman + Partners

Knight Frank Shop Africa 2016 Report

In its 2016 Shop Africa report, Knight Frank chronicled the giant wave of modern mall development in Sub-Saharan Africa (ex South Africa). Within the report, they identified strong economic fundamentals, the increasing desire for institutional investors to tap into 2nd tier cities, […]