Africa – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Africa

July 25, 2017
380-Ward (700 bed) State of the Art International Hospital Complex named Eco-Medical Hospital. Image Source: Eco Medical Village Limited

Ghanaian 700-Bed Hospital Project in $300m Funding Deal with Milost Global

Eco Medical Village Limited, a company seeking to develop a 380-Ward (700 bed) hospital complex for middle and upper class West Africans, recently announced that it executed a $300 million financing term sheet with Milost Global Inc. The Eco Medical […]
June 27, 2017
Real Estate Investment In Africa: Is the honeymoon over?

CBRE Expects Next Wave of Anticipated Growth in African Property in 3 – 5 Years

CBRE expect that the African real estate market in terms of development, rents and investment appetite, will begin to experience its next wave of anticipated growth over the next 3 – 5 years. The view is a product of a […]
June 4, 2017
Park Inn by Radisson, Kiyovu, Kigali - Rwanda. Image Source: Park Inn

Kigali Welcomes Its First Park Inn By Radisson Hotel

The Rezidor Hotel Group debuted its Park Inn by Radisson in Kigali, Rwanda late last month, marking their 5th hotel in the East African region. The group’s African & Indian Ocean portfolio now stands at 36 hotels and 16,600+ rooms in operation […]
May 15, 2017
April 2017. Earthworks begin at ALP North, Kenya. Image Source: ALP

Africa Logistics Properties Secures $4m in additional funding from Dutch Family Office

Shortly after receiving capital commitments totalling $35m from the IFC and CDC in March, Africa Logistics Properties (ALP) has secured an additional $4m from DOB Equity, a leading Dutch family office to enable them build warehousing developments and expand operations across East Africa. […]
April 27, 2017
Development: Kumasi City Mall, Kumasi - Ghana. Image Source: citifmonline.com

Updated – Development: Kumasi City Mall, Kumasi – Ghana

Name: Kumasi City Mall; Address: Lake Road, Asokwa region, Kumasi – Ghana; Developer: Attebury, Hyprop Investments, Delico Property Development; Use: Retail; Size: 18,500m²; Anchors: Shoprite and Game; Main Contractor: WHBO; Expected Completion: April 2017; Published: September 2016. Updated: April 2017. Kumasi Mall is an 18,500m² shopping mall […]
April 25, 2017
Pizza Hut Plans Entry into Ethiopia as part of Sub-Saharan Africa Expansion Strategy

Pizza Hut Plans Entry into Ethiopia as part of Sub-Saharan Africa Expansion Strategy

Ethiopia’s Belayab Foods and Franchise PLC has signed a deal with U.S. fast-food titan, Yum Brands Inc., to open 10 Pizza Hut restaurants in Ethiopia as part of its expansion strategy on the continent. “We will start off with three […]
April 23, 2017
#EAPI2017. The 2017 East African Property Investment Summit at Radisson Blu, Upper Hill, Nairobi - Kenya.

#EAPI2017: These are Rwanda and Kenya’s Plans to jumpstart East African REITs

Following our publication on the East African Listed property sector in the run up to the East African Property Investment Summit, we sat in on an engaging discussion with key stakeholders in the East African REIT sector. The panel was […]
April 13, 2017
Atlantic House, Victoria Island, Lagos - Nigeria.

Sanlam Africa Core Real Estate Investments reports FY Pre-tax Profit of $3.7m

For the year ended December 2016, Sanlam Africa Core Real Estate Investments Ltd (SACREIL) reported a profit before tax of $3.8m, a significant improvement from the loss of $2.2m reported in the previous reporting period. SACREIL is listed on the Stock Exchange […]