The South African division of leading independent global real estate consultancy, Knight Frank, has appointed John Jack as the new Chief Executive Officer.

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 continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region.

Hyprop holds steady with sold interim growth

Vantage Capital , Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.

Hilton (NYSE: HLT) and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp Plc) today announced the signing of a 20-year extension to the current  agreement to manage the iconic Transcorp Hilton hotel in Abuja.

While Nigeria’s economic downturn created adverse conditions for international companies operating in the country, leading construction and property solutions company, Profica, adopted an astute approach to doing business that enabled them to weather the storm. 

JSE specialist shopping centre REIT, Hyprop, reported strong double-digit growth in distributions for the six months to December 2016 (the period) off the back of a solid performance from the South African shopping centres, supported by the inclusion of distributable income from the newly-acquired South-Eastern European portfolio.  

A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.

Hilton Garden Inn Accra Liberation Road becomes landmark deal, with additional signings in Kenya and Nigeria as Hilton seeks to double its presence across the continent.

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