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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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REPORT: Africa has planned over 1bn SQM of new city space costing over $115bn

By 2024, 4 of 5 Africa’s key sub-regions will have over 50% of its population living in urban areas. The increased concentration of people in these regions and her cities, poses a capacity problem, as many were never planned to accommodate the large urban sprawls that have been forecasted. As a result, private developers and some […]

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Hyatt plans to open 9 new hotels in Africa by 2020

Hyatt Hotels Corporation announced today that nine additional Hyatt-branded hotels are expected to open in Africa by the end of 2020. The announcement focused on the first dual-branded Hyatt Place and Hyatt House hotels on the continent, the return of the Hyatt brand to Cairo, new Park Hyatt and Hyatt Regency hotels in Morocco, and […]

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Hyprop & AttAcq explore disposal of Sub-Saharan Africa shopping centre assets

Hyprop and AttAcq are currently investigating a reduction of their exposure to sub-Saharan Africa (ex. SA) through the disposal of their portfolio of property assets worth over $630m. Assets in the portfolio in question include Ikeja City Mall in Lagos – Nigeria; Manda Hill in Lusaka, Zambia and four retail centres in Ghana including Accra […]

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