ei Newsroom

Buzzing news & insights about real estate

It’s the only place you’ll get this kind of content.

New Sale Reports Published

New sale reports have been published showing transactional details on the acquisition of hotel properties in Sub Saharan Africa. The acquisitions covered include: Federal Palace Hotel, Victoria Island, Lagos – Nigeria (2010) Intercontinental Hotel, Lusaka – Zambia (2016) View the sale reports.

READ MORE

Redefine Will Dispose of Pivotal’s African Assets including The Wings Towers in Lagos

Redefine Properties Ltd recently agreed to acquire The Pivotal Fund for R6.1bn ($425m), however the fund, which is also South Africa’s second-largest REIT, is planning to dispose of Pivotal’s African assets in countries like Nigeria where they own 37.1% of an office development called The Wings. In a statement released by Redefine Properties, they explained that: Pivotal’s African assets […]

READ MORE

Redefine Properties agrees to acquire JSE listed The Pivotal Fund

Redefine Properties Ltd., South Africa’s second-largest real estate investment trust, announced its intention to acquire the entire issued share capital of Johannesburg Stock Exchange listed Pivotal Fund in a deal valued at R6.1 billion ($425 million). Pivotal is a development focused investment fund with a Grade A portfolio of completed income producing properties and developments. Under the terms of the […]

READ MORE

S.A. Retailer Steinhoff Agrees to Acquire Mattress Firm for $2.4 billion

South African-based international retail holding company, Steinhoff, has agreed to acquire Mattress Firm at a total equity value of approximately $2.4 billion and an enterprise value of ±$3.8 billion including net debt. This follows the notable trend among South African retailers who have attempted to acquire established retailers in developed markets such as Europe and the […]

READ MORE

Radisson Blu Hotel & Convention Center Opens in Kigali, Rwanda

Radisson Blu, the global hotel brand owned by the Carlson Rezidor Group, has announced the opening of the Radisson Blu Hotel & Convention Center in Kigali, Rwanda. The new hotel will comprise the five-star Radisson Blu hotel with 292 rooms and conference facilities that can host more than 5,000 people through a 2,900 man auditorium and 18 other meeting […]

READ MORE

Novare Africa Property Fund II closes with $350 million for investment

Novare Africa Property Fund II, has announced its final close at the end of June 2016 after raising $350 million (R5.25 billion) for investment in a portfolio of new developments in Nigeria, Zambia and Mozambique in among others. The fund will be listed on the Mauritius Stock Exchange at the end of July 2016 and it […]

READ MORE

Carlson Rezidor Adopts Aggressive Growth Strategy in Africa

Carlson Rezidor, one of the world’s largest hotel companies, has announced the signing of its first Quorvus Collection in Africa, which will be a  5-star, 244-room luxury Emerald Grand Hotel & Spa in Lagos, Nigeria. The group also signed a new Radisson Blu Hotel Harare in Zimbabwe (245 rooms), a Radisson Blu Hotel in Durban […]

READ MORE

Helios Investment Partners owned company is making Real Estate a Major Focus

Shortly after Helios Investment Partners acquired a stake in Telkom Kenya, the company’s newly appointed Chief Executive, Aldo Mareuse has signaled their focus on real estate as a major revenue earner. Last week, Jamhuri Holdings Limited (100% owned by Helios Investment Partners) announced the acquisition of a 60% stake in Telkom Kenya, making them the largest shareholder in the […]

READ MORE

Actis raise over $500m for 3rd African Real Estate Fund

Actis has closed its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target. The fund has a diverse investor base, including pension funds, sovereign wealth funds, development finance institutions and endowments from Africa, Asia, Europe and North America. Fundraising for the fund was […]

READ MORE

General Electric Africa, Mara Group and Atlas Merchant Capital Partner to address infrastructure challenges in Africa

Three international firms have partnered to help address infrastructure challenges in Africa through investments in equity projects. The firms, General Electric Africa (GE), Mara Group and Atlas Merchant Capital, will invest in infrastructure projects including energy, rail, among others, in a quest to stimulate the continent’s economic potential through infrastructure development. GE Africa President Jay […]

READ MORE

Access the data you need now

It's free to sign up! Check out reports, the directory and interactive dashboards.

Sign up for free