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Rand Merchant Holdings Invests 25.01% in Atterbury

Rand Merchant Holdings (RMH) has announced that it will be making a 25.01% investment into leading property development company, Atterbury. This acquisition will see Atterbury become RMH’s key development partner in its core portfolio, which will target the more traditional and larger areas of South African property (principally office, retail and industrial). To supplement this core portfolio, the RMH property […]

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Investec Asset Management appointed to run $670m Emerging Africa Infrastructure Fund

Investec Asset Management recently announced that it has been appointed to manage the ~US $670 million Emerging Africa Infrastructure Fund (EAIF), a public-private partnership anchored by the governments of the United Kingdom, The Netherlands, Sweden and Switzerland. This announcement further deepens Investec Asset Management’s pan-African investment expertise and follows the recent launch of the Growthpoint […]

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Attacq and Attebury Open R4.9b ($343m) Mall of Africa

In late April, Mall of Africa, a 131,000m2 super-regional mall located in Waterfall City in Gauteng (South Africa) was opened by Attacq Limited and Attebury Property Developments. Construction started nearly three-and-a-half years ago in October 2012 and it was officially opened on April 28th during a select breakfast opening ceremony, with a larger scale mall launch celebration planned […]

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Quantum Global Group Announces Regional Expansion Plans in Africa

Quantum Global Group (Quantum Global), an investment firm focusing on Africa, has announced expansion plans across the Middle East and Africa region. The firm will establish offices in key markets to increase investor access to the vast development potential through funds registered in Mauritius. The funds are setup to target high growth industry sectors in […]

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Kenya set to get 2nd REIT

A month after Fusion Capital received approval from Kenya’s Capital Markets Authority to launch their D-REITs (Development Real Estate Investment Trust), the Nairobi Stock Exchange is set to list its 2nd REIT.  The nod from the regulator allows it to facilitate the issue and eventual listing of a commercial D-REIT with a minimum value of Sh1.15 […]

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Radisson Blu Opens at Abidjan Airport in Côte D’Ivoire

The Rezidor Hotel Group has unveiled a new 261-room Radisson Blu Hotel at Abidjan Airport. The hotel is located about 500 meters from Port Bouet Airport also known as Félix-Houphouët-Boigny International Airport and offers suites and meeting facilities. Abidjan is the largest city in Côte D’Ivoire and the third-largest French-speaking city in the world, after Paris and […]

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QG Africa Hotel LP acquires InterContinental Hotel in Lusaka, Zambia for $35.9 million

QG Africa Hotel LP has acquired 100% interest in the 244-room InterContinental Hotel Lusaka in Zambia from Kingdom Hotel Investments for a gross consideration of USD $35.9 million. This acquisition values each room at $147,000. The buyer is a USD $500 million Mauritius-based fund that aims to capitalize on the emerging opportunities in the hospitality sector. As a long-term direct […]

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Eris and Momentum Allocate over $308m to West African Real Estate Investments

Momentum and Eris Property Group have allocated over $308 million for real estate investments in West Africa during the 1st Quarter of 2016. The Momentum Africa Real Estate Fund, which is targeting an 18% minimum return over its eight year life, has confirmed that they will be making two investments in Ghana and two investments in Nigeria. The fund […]

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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 million in May last year. Truworths International followed when they agreed to buy a majority stake […]

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Development: 335 Place, North Dzorwulu, Airport Area, Accra – Ghana

Name: 335 Place; Location/Address: North Dzorwulu, Airport Area Accra Ghana; Size: 11,047m²; Floor Plate Size: 1,250m²; Use: Office; Floors: 14; Developer: Momentum Africa Real Estate Fund (MAREF) and 335 Place Limited (Local Partner) Project Duration: Jun 2016 – Jan 2018; Cost: $45 million; Development Managers: Eris Property Group; Project Managers: GHC Africa; Architects: Boogertman & Partners, Local […]

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