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Africa, International Property News (1129)

According to a recent CBRE Global Investor Intentions Survey 2015, 53% of global investors plan to increase their investment purchases this year.
In the year to February 2015, Tradehold has significantly expanded its property holdings in the UK while establishing a foothold in selected African property markets beyond South Africa.
The UK has long been regarded as an attractive and stable destination for property investment – both commercial and residential.
The UK has long been regarded as an attractive and stable destination for property investment – both commercial and residential.
Redefine International completed the first part of the refinancing related to the €156.8m German retail property portfolio acquired in a 50/50 joint venture with Redefine Properties.
Intu Properties reports strong trade on the back of strong leasing and growth in retail demand, with the company signing on 44 new leases in the first quarter of 2015.
US mall giant Simon Property drops a hostile campaign for rival Macerich after Macerich rejected the latest takeover offer.
Increased numbers of international investors are investigating opportunities in African real estate markets, attracted by the continent’s startling economic and demographic growth prospects.
Tuesday, 24 March 2015 11:17

UK-based Tradehold growing foothold in Africa

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Tradehold says work has started on its R480m regional shopping centre, which is located in the harbour town of Walvis Bay, Namibia.
Rockcastle, through its subsidiary Gontar sp. z o.o., has concluded an agreement to acquire Galeria Handlowa, known as Solaris Centre in Opole, Poland at an initial yield of 7.7%.

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