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A Visit to Azuri Peninsula, Eko Atlantic’s largest project till date

Last week, we visited Azuri Peninsula in the Marina District of Eko Atlantic, Lagos. The external structure of this 30+ floor luxury residential development that includes 3 towers, is nearing completion, as 2 of the towers are currently at the 32nd floor mark while the final is on its 28th. Following a review of the […]

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Repost: Estate Intel wins $10,000 during Pitch Storm at Techpoint Build 2019

Estate Intel, an online platform that provides data, news and research for commercial real estate investors, has emerged the top startup at Pitch Storm 2019, thus winning $10,000 in equity-free prize money. Pitch Storm is an annual startup competition and a core segment of Techpoint Build, an annual startup and SME event hosted by Techpoint […]

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Hyatt Regency Addis Ababa opens as the first Hyatt hotel in Ethiopia

The Hyatt Hotels Corporation announced on the 7th of January, the opening of Hyatt Regency Addis Ababa, the first Hyatt branded hotel in Ethiopia and the seventh in Africa. The 188-room property is centrally located on Meskel Square, near shopping centers, restaurants, bars, and tourist attractions, including the National Museum. The opening is indicative of […]

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CBRE and Excellerate form JV as Broll Pursues BEE Deal

Last week, the CBRE Group, Inc. (CBRE) announced that it agreed to form a joint venture with Excellerate Property Services (Excellerate) to meet the growing demand for high-quality real estate services in Africa and the Middle East. The joint venture, CBRE Excellerate, will merge CBRE’s facilities management operations in Africa and the Middle East with […]

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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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Spacefinish Unveils New Office Space for Renmoney

Renmoney recently announced that it had partnered with design firm Spacefinish to design its new Headquarters and flagship sales branch. The new office space is themed around enabling productivity as well as better collaboration among Renmoney employees. “It is amazing to see companies pay attention to their office spaces, this makes me very happy. Over […]

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Testimonial: See how others are using the ei Web App!

Fidelia from Gassim signed up to the Development Pipeline Plan last week, here’s what she had to say.   “Working for a leading project management company, it is always important to keep informed and up to date with real estate activities in Nigeria and Africa. After subscribing to Estate Intel, I am able to get current information on […]

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Momentum bags $30m from CDC for African Real Estate Fund

The UK’s development finance institution, CDC, has committed $30m to the Momentum Africa Real Estate Fund (MAREF) in a deal that reignites fundraising activity within the African real estate space. The investment will support the development of greenfield industrial, residential and commercial real estate opportunities across sub-Saharan Africa.   Last year, it was announced that […]

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Global hotel chains plan expansion in Francophone Africa

The facts and figures behind an unprecedented hotel expansion in Francophone Africa are revealed in the latest research by W Hospitality Group, the international experts in hotels, tourism and leisure based in Lagos, Nigeria.   W Hospitality Group’s hotel development pipeline analysis shows that more than 30 per cent of the current total Africa pipeline […]

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