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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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ALP opens warehousing park in Kenya 75% pre-leased

Africa Logistics Properties today launched its first 49,000 sqm of modern Grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased. “The near complete uptake of ALP North prior to launch speaks to the scale of the warehousing shortage in Kenya. But it also demonstrates that real estate requires […]

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AccorHotels completes 100% acquisition of Mövenpick Hotels

AccorHotels announced completion of its acquisition of Baar, Switzerland-based Mövenpick Hotels and Resorts on September 3rd, 2018.  The acquisition, which was earlier announced in April 2018 will effectively transfer ownership of the Mövenpick brand, and all of its hospitality activities to AccorHotels. Mövenpick was previously owned by Kingdom Holding Company (an investment vehicle of Saudi Prince Alwaleed […]

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ei Company Snapshot: GRIT Real Estate Income Fund

Click to view our company snapshot on GTR.

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GRIT shares commence trading on London Stock Exchange

The Board of Grit has announced that the Company has raised gross proceeds of US$132,094,262 pursuant to its Placing and Offer for Subscription of Ordinary Shares. The company made its intention to seek a listing on the London Stock Exchange last month with the goal of raising net proceeds of at least US$120 million. Commenting on the result […]

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Grit, a Pan-African income real estate fund, moves closer to listing on the London Stock Exchange

Grit Real Estate Income Group Limited (GRIT), a Pan-African income real estate company focused on real estate investment assets  in pre-selected African countries (excluding South Africa), has again announced its intention to seek a listing on the Official List of the United Kingdom Listing Authority and admission to trading on the main market for listed securities of […]

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Agility invests in Warehouse Parks in 4 African cities

Agility, a global leader in the provision of integrated logistics is making a big Africa push as they have commenced the process of funding and developing a network of international standard warehouse parks across key markets on the continent to support the development of domestic and regional trade. The company has ongoing development projects in […]

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Growthpoint, South Africa’s largest REIT, launches new trading and development division

Growthpoint Properties has announced the creation of a dedicated trading and development business unit which will play a key role in creating business opportunities for the company and world-class premises for its clients. Speaking on the new business unit, Rudolf Pienaar, Growthpoint’s new Chief Investment and Development Officer, who will head the team, explained that […]

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