News – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel
April 25, 2017
Pizza Hut Plans Entry into Ethiopia as part of Sub-Saharan Africa Expansion Strategy

Pizza Hut Plans Entry into Ethiopia as part of Sub-Saharan Africa Expansion Strategy

Ethiopia’s Belayab Foods and Franchise PLC has signed a deal with U.S. fast-food titan, Yum Brands Inc., to open 10 Pizza Hut restaurants in Ethiopia as part of its expansion strategy on the continent. “We will start off with three […]
April 23, 2017
#EAPI2017. The 2017 East African Property Investment Summit at Radisson Blu, Upper Hill, Nairobi - Kenya.

#EAPI2017: These are Rwanda and Kenya’s Plans to jumpstart East African REITs

Following our publication on the East African Listed property sector in the run up to the East African Property Investment Summit, we sat in on an engaging discussion with key stakeholders in the East African REIT sector. The panel was […]
April 21, 2017
Standard Chartered Bank Releases Prime Space from Lagos HQ. Image Source: Cappa & D'alberto

Standard Chartered Bank Releases Prime Space from Nigeria HQ

Standard Chartered Bank, owner of a Prime Grade 15 floor office tower in Victoria Island, Lagos, is among the major corporate occupiers including banks and FMCGs that are seeking more efficient ways to maximise the potential of their space in a region […]
April 12, 2017

Mixta Real Estate PLC to List First Real Estate Bond on FMDQ OTC Exchange

Last month, the Board Listings, Markets and Technology Committee of FMDQ OTC Securities Exchange approved the listing of the Mixta Real Estate PLC ₦4.50bn Series One 5-Year 17.00% Fixed Rate Senior Guaranteed Bond (the Mixta Bond) under a ₦30.00bn Medium […]
April 11, 2017

#EAPI2017 Roundup: Unpacking the East African Hotel Market

The East Africa Property Investment Summit was held on the 5th and 6th of April, 2017, at the Radisson Blu Upper Hill, Nairobi.  The hotel-focused panel at the conference featured some key speakers from the hotel industry on the continent, namely: […]
March 28, 2017

Listed Real Estate in Eastern Africa and Beyond – What Next?

East African property markets have demonstrated desirable levels of resilience over the past few years. As African economies including Angola, Nigeria, Zambia and Ghana have reeled from commodity price induced recessions, better diversified countries in the East African region including Kenya […]
March 28, 2017

Marriott announces adaptive reuse project for an Aloft in Mauritius

Marriott International, which now owns Starwood and all its brands, announced the signing of a hotel deal with Green East Master Limited for an Aloft Hotel.  If developed and opened according to schedule, it might become the first Aloft-branded hotel on […]
March 27, 2017
Image Source: Economist Intelligence Unit.

Lagos Falls on EIU Worldwide (USD$) Cost of Living Survey as Naira Depreciates

Lagos fell 16 places to #132 (of 140) in the Economist Intelligence Unit’s 2017 Worldwide Cost of Living Survey as the fall in global oil prices drove a collapse in the value of the Nigerian Naira. This pushed down relative pricing, despite strong […]
March 24, 2017
Great North Mall, Lusaka - Zambia. Novare

IFC Mulls Financing Package for Novare’s First Zambian Retail Project

The IFC is currently mulling a financing package to Woodside Mall Zambia Limited, the Zambian Project SPV that has been registered by the Novare African Property Fund II to develop the Great North Mall. The funding package includes a US$4.5 million loan […]
March 24, 2017

CEO panel at Berlin Hotel Conference discuss hotel trends

At the recently concluded International Hotel Investment Forum (IHIF) held in Berlin, the “CEO Debate” panel underscored the need for hoteliers to remain agile, flexible and responsive to changing guest needs.  The CEO panel included Puneet Chhatwal of Deutsche Hospitality; […]