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Research Note: Analysis of Nigeria’s Newest REIT

Here’s a short research note with a few thoughts on the new REIT, Haldane McCall Real Estate Investment Trust. Haldane McCall owns The Suru Group, a private limited company focused mainly on residential developments and the hospitality sector in Lagos. They have already commenced an initial public offering, which will be closing on the 14th of January next year. IPO Background & Strategy They are […]


Development: Africa Square and Tower, Abuja

Located at the core of the new Centenary City, The Africa Square and Tower is a 308m mixed use development that will include residential and office elements. While the exact number of floors has not been provided specifically, there will be 46 floors of office space and 30 floors of luxury apartments. In total, the development should […]


Real Estate Transparency Improves in Sub-Saharan Africa

As the investment interest in Africa and her fast growing economies rise, many more global corporates are keen on establishing a presence across key hubs in Western, Eastern and Southern Africa. Cities and countries that accommodate these corporates best are those with transparent real estate markets and a growing supply of prime grade space. JLL’s 2014 Global Real […]


Lagos maintains 4th position on the list of Africa’s most visited Cities

Lagos has emerged as the 4th most visited city in Africa for the year 2014, up 5.8 percent from last year. Based on results carried out by MasterCard as presented on its Global Destinations Cities Index, Lagos was projected to have 1.3 million visitors this year compared to the 1.25 million international visitors last year. […]


Lagos named 19th of 25 Affordable Cities for Youths

Lagos was named alongside Sao Paulo, Paris, Berlin, Chicago and Shanghai in a new City Affordability Index focused on the youth. Youthful Cities analysed 25 of the world’s biggest cities and compared the cost of everyday items like food, housing, entertainment, travel and public transit. Lagos was 19th, beating Sao Paulo, Nairobi and Mexico City, […]


New Radisson Blu hotels for Accra and Kampala

The company made this announcement on October 1st at the Africa Hotel Investment Forum, which was recently held in Addis Ababa, Ethiopia.  Carlson Rezidor has signed new deals for the development of two Radisson Blu hotels in both Accra, Ghana and Kampala, Uganda. Radisson Blu Accra Airport The Radisson Blu Accra Airport will be located at […]


Accor to potentially acquire Louvre Hotels Group

Accor, the Paris-based hotel group, is reportedly a top contender for the acquisition of the Louvre Hotels Group, which is currently owned by the U.S.-based Starwood Capital Group.  Starwood Capital, a private investment firm with a focus on global real estate (and onetime owner of Stawood Hotels) obtained the Louvre Hotels portfolio as part of its acquisition of Taittinger’s hotel […]


Development: One Airport Square, Ghana

Name: One Airport Square Location: Airport City, Accra Floors: 9 Size: 17,000sqm of Office Space. 2,000sqm of Retail Space Use: Retail and Office Developers: Joint venture between Actis and Myma Belo Osagie of Boston Investments Limited  Expected Completion: 2014 Parking: 250 Spaces Cost: $62.5m Ghana’s fast growing and politically stable economy is attracting investment into the domestic oil and gas, financial […]


High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate. Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, […]


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