Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

Sunday, 01 November 2015 10:26

Stanbic IBTC under fire for irregularities

Stanbic IBTC's quarterly financial statements due out this week will have to be signed off by other executives after the Nigerian Financial Reporting Council barred its chairman and CEO from doing so.

Capitalising on the huge, pent-up demand for quality retail space from Nigeria’s emerging middle class, fuelled by a fast-growing aspirant population with considerable buying power, rapid urbanisation and improved infrastructure, Grand Towers Property Fund is investing in retail and mixed-use developments with multi-national anchors in state capitals or ‘second-tier’ cities in Africa’s largest economy.

Monday, 15 June 2015 13:09

Francophone Africa on the Rise

According to Instinctif Partners’ Africa Insight, the better part of a decade the narrative of ‘Africa Rising’ has become something of a buzzword in and around investment circles.

According to a recent CBRE Global Investor Intentions Survey 2015, 53% of global investors plan to increase their investment purchases this year.

African continent could become a competitive field for SA's property developers if the early movers act as catalysts.

South Africa has welcomed the announcement that Nigeria, Africa's most populous nation, is now the biggest economy in sub-Saharan Africa after it rebased its gross domestic product (GDP).

Having highlighted Africa as a primary focus, the Royal Institution of Chartered Surveyors’ (RICS) global President Elect, Louise Brooke-Smith is currently visiting South Africa (February 2014) and Ghana.

While Woolworths has canned its three-store pilot project in Nigeria, citing a mismatch with the Nigerian consumer and climate, Broll Nigeria says this need not deter South African retailers from profiting in the country.

Rand Merchant Bank has committed to jointly fund a major US$182-million A- grade office development in Lagos, Nigeria.

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