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Take a look at Africa’s Industrial Players, with AfCFTA signed, more are coming

The African Continental Free Trade Agreement (AfCFTA) is looking to transform Africa’s defragmented markets by bringing a host of opportunities to facilitate inter-regional trade and deepen economic integration for participating countries. The extensive impact of the AfCFTA is expected to cut through the African commercial property market, especially within the Industrial and Logistics segment, which […]

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Building Obsession : Basilique Notre Dame Dela Paix, Yamoussoukro, Côte d’Ivoire

Magnificent and beautiful, Basilique Notre Dame Dela Paix (the Basilica of Our Lady of Peace) is our Building Obsession for this week. Located in Yamoussoukro, the capital of Côte d’Ivoire (Ivory Coast), it is also the birthplace of the first Ivorian president Felix Houphouet Boigny under whose administration it was built. The Basilica was given […]

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Development: Douala Grand Mall, Bonapriso, Douala – Cameroon

Construction activity on the Douala Grand Mall site has picked up in recent months, with the project team working through Cameroon’s rainy season. The project was announced back in August of 2017, along with another mixed-use development named the Renaissance Place in Abidjan. Both are Actis’ first Real Estate investments in Ivory Coast and Cameroon […]

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Building Obsession: Sea Plaza Complex, Fann, Dakar – Senegal

This week’s Building Obsession takes us to Dakar in Senegal, where the mixed-use Sea Plaza Complex is located. It includes the Sea Plaza Lifestyle Centre, a medium-sized shopping mall with retailers such as Aldo, Celio, Casino and a 180-room Radisson Blu Hotel with amazing ocean views. The property is owned by Teyliom Properties, a Senegalese […]

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Radisson Hotel Group expands into Madagascar

The Radisson Hotel Group marked its debut in Madagascar, its 32nd African market, in April 2019 by signing a portfolio deal consisting of 3 hotels and a sum of 254 rooms. They also partnered with Groupe Talys, a consortium with interests in retail, construction, real estate and hospitality & leisure, based in Madagascar to execute […]

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Growthpoint Investec African Properties debuts acquisition in Africa

Having commenced operations last year with capital commitments in excess of $212 million from several large institutional investors such as the IFC, Growthpoint Investec African Properties (GIAP) has successfully concluded the acquisition of 97.5% of Achimota Retail Centre. Achimota Retail Centre located in Accra, Ghana is a single level mall which includes 15,000m² of retail […]

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Broll and Cushman & Wakefield enter affiliate agreement

Broll Property Group, one of Africa’s largest real estate services companies, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading provider of global real estate services. According to Broll, the new venture represents a partnership with Broll’s Occupier Services business and will be branded Cushman & Wakefield Broll, providing clients with […]

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‘Investment Grade Africa’ or ‘Growth Africa’: Where does Nigeria’s Real Estate Market Fit in?

Earlier this week, Bronwyn Corbett, CEO of the GRIT Real Estate Income Group, spoke to the BBC about where and why they invest in Africa, their focus on 2nd tier cities and the process of educating foreign institutional investors. GRIT’s investment thesis focuses on what they refer to as Growth Africa and Investment Grade Africa. […]

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Knight Frank Commercial Business rebrands to Galetti Corporate Real Estate

 

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Shoprite opens Westgate Shopping Mall outlet

Today, Shoprite opens its maiden outlet in the Kenyan Market as the anchor tenant for Westgate Shopping Mall, Nairobi. The retailer signed up for the 50,000 sq ft (4,645sqm) of space in March 2018 and was advised by Knight Frank Kenya. Shoprite, which operates more than 2,700 stores in 14 countries outside of South Africa, […]

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