RICS Summit Africa: Cities will play an increasingly important part in Africa’s development
Africa’s burgeoning big cities will play an increasingly central role in the continent’s growth and development, driven largely by Africa’s rapid urbanisation.
Johannesburg has highest construction cost inflation in Africa: global construction costs rise as economies boom
The cost of global construction is set to rise by 4.3 percent during 2018 compared to 4.1 percent in 2017, as developers face the challenge of continued shortages of relevant skills to deliver an increasing number of projects, according to new research from global professional services firm Turner & Townsend.
RICS launches global competition with Durban being amongst the 24 global cities chosen for contest
RICS (the Royal Institution of Chartered Surveyors) has launched the Cities for our Future Challenge, calling on young people to come up with fresh, new ideas to help tackle the most pressing problems affecting cities in Africa and around the world.
Nairobi’s decade-long retail real estate build positions East Africa’s financial hub for future growth
From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub.
More room for quality a-grade office developments
Located to the northwest of the Nairobi CBD, office developments in Westlands recorded average rental prices of $13.60/m2, with a 74% average occupancy rate in 2016 due to increased completed office developments under the letting process in 2015/2016.
Growing demand for industrial properties
Demand for industrial property in Nairobi is expected to continue rising in 2017 with rental growth rate set to increase by between 8-10%, according to Broll Kenya Market Report H1 2017.
Mara Delta Property Holdings declares fifth consecutive US$ based income distribution
Mara Delta, the only listed Africa focused distribution fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today reported strong interim financial results for the six months ended 31 December 2016.
Nairobi makes ‘top 10’ list of the world’s most dynamic global cities
Nairobi has ranked 10th in JLL’s fourth annual City Momentum Index (CMI) of the world’s most dynamic cities. It is the only metropolitan in Africa to be listed in the Global Top 30 of the world’s fastest-changing cities.
Mara Delta continues east african expansion with yield accretive USD16.88 million Kenyan acquisition
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, continues to trailblaze across the continent.
Positive growth forecast for East African hotel sector
Positive growth forecast for East African hospitality sector.
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