Investment grade hotel assets on the continent are traditionally tightly held due to the dominance of owner operators, high net worth individuals and family offices.

Murray & Roberts and Southern Palace Group today announced the purchase of the Murray & Roberts Southern African Infrastructure & Building (“I&B”) businesses, by a consortium led by the Southern Palace Group of Companies (Proprietary) Limited (“Southern Palace”). 

Speaking at the Africa Hotel Investment Forum in Kigali, Rwanda, Xander Nijnens, Senior Vice-President, Hotels and Hospitality Group, JLL Sub-Saharan Africa, said: “Our medium-term outlook for the hotel sector is positive and JLL forecasts demand growth of 3% to 5% per annum during the coming three years.

Thursday, 29 September 2016 14:13

Standard Bank voted Best Overall Bank in Africa

Standard Bank Group, Africa’s largest bank by assets has been voted the Best Overall Bank in Africa in the 2016 Euromoney Real Estate Survey Awards for the fourth consecutive year.

Spur Corporation’s results for the year to June suggest the pressures facing consumers are being felt most acutely in the lower end of the market.

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, today announced robust financial results for the year ended 30 June 2016.  

Thursday, 25 August 2016 17:22

Murray and Roberts exits construction sector

Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.

Basil Read is on the lookout for prospects in the rest of the continent as the local construction sector remains subdued.

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, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.

Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities globally, fell for a third consecutive quarter with rents falling on average by 0.5% in the year to March 2016.

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