Wednesday, 10 April 2019 15:45

Kenya’s logistics market continues to grow

Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply, Broll Property Intel’s latest Kenya Logistics Snapshot Report reveals.

It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. Kenya currently has a predicted annual infrastructure spend of US$6.5bn a year by 2030.

London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the period ending 31 December 2018, despite challenging retail market conditions.

Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased at a time when other segments of the commercial, retail and residential real estate market are struggling to achieve total occupancy of 75 per cent.

Idea to help solve housing crisis in Cape Town shortlisted.

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.

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 (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.

From 2000 to 2008 Nairobi’s added 72 000 square meters of retail real estate to East Africa’s largest commercial hub.

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.

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