ei Newsroom

Buzzing news & insights about real estate

It’s the only place you’ll get this kind of content.

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 […]

READ MORE

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 […]

READ MORE

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 […]

READ MORE

Video: 7th Detail Business Series – Panel Session on “Thriving in a Disruptive Market”

The final session at the 7th DETAIL Business Series in April 2018 was a panel discussion on “Thriving in a Disruptive Market”, which was moderated by Tosin Ajose, Associate Partner, DETAIL. Panelists  included: Femi Williams – CEO, Chams Plc; Adeniyi Adeleye – Head, Real Estate Finance (West Africa), Standard Bank Group; Abdulmalik Mahdi – Director, […]

READ MORE

Video: 7th Detail Business Series – Using Data to Create an Efficient Property Market

Speaking at the 7th Detail Business Series in April 2018, Dolapo Omidire from Estate Intel made a presentation on “Using Data to Create an Efficient Property Market”. Watch the video below and download the presentation here.

READ MORE

Growthpoint and Investec Launch Operations in Pan-African Real Estate Business with over $212m Committed

Almost 3 years after the joint venture agreement was initially announced, Growthpoint Properties and Investec Asset Management, in partnership with the International Finance Corporation (IFC), have the commenced operations of Growthpoint Investec African Properties (GIAP). The pan-African real estate investment business, which will be managed by Growthpoint Investec African Property Management has already secured capital commitments in […]

READ MORE

European Investment Bank and African Development Bank back Development Bank of Nigeria

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria (DBN) to strengthen lending for business and agriculture investment in the country. The African Development Bank on Thursday announced that the European Investment Bank finalized a $20 million equity stake in the new […]

READ MORE

Standard Chartered reaches provisional agreement to sell Real Estate unit to Actis

Standard Chartered’s Chief Financial Officer Andy Harold told Reuters last week that the bank has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis. In November 2017, it was reported that the two companies were in talks over a possible sale of the business, with approximately $700 million in […]

READ MORE

This S&P 500 REIT Made $215m in Operating Revs from its Nigerian Assets in 2016

The American Tower Corporation (ATC), an independent owner, operator and developer of multi-tenant communications real estate (cell towers) generated over $215m in operating revenues during 2016 from its towers owned in Nigeria, according to their 2016 year-end financial statements. The corporation, which is a member of the S&P 500 index, is one of the largest […]

READ MORE

New Sale Reports Added

New sale reports have been published showing transactional details on the acquisition or disposal of investment grade commercial properties in Sub Saharan Africa. The transactions covered include: Mövenpick Ambassador Hotel Accra – Ghana (2016) Mall de Tete, Tete – Mozambique (2016) View the sale reports.

READ MORE

Access the data you need now

It's free to sign up! Check out reports, the directory and interactive dashboards.

Sign up for free