Rockcastle Global Real Estate says its African operations is on track‚ as it released financial results for the nine months to March.

Hyprop Investments' share price falls 4% over the past week‚ creating what some believe is a temporary buying opportunity for investors keen to share in the spoils of SA's largest shopping centres and the burgeoning consumer markets of Ghana and Zambia.

Hyprop Investments Limited today announced that it reached agreement with African Land Investments to acquire 87% of the issued shares in African Land for a consideration of R768m.

Specialising in providing a residential management service - which includes leasing and letting in regard to student accommodation, affordable housing, social housing and other residential homes, JHI Residential, which is a subsidiary of Excellerate Property Services, is rapidly expanding into Africa - mainly in Southern Africa, reports Thea Bezuidenhout, MD of JHI Residential.

Five years ago, SA investors who wanted exposure to offshore property had only one JSE-listed option: the former Liberty International.

JHI Project Management, a wholly-owned subsidiary of Excellerate Property Services, was appointed the principal agent managing the development and execution of Innscor’s projects in Zimbabwe. 

Protea Hospitality Group says it is significantly expanding its Protea Hotel in Lusaka as part of its African expansion drive.

Actis, the pan-emerging markets private equity firm today confirmed the final close of its second African real estate fund, Actis Africa Real Estate 2, with total commitments of US$278m.

Joining Atterbury Group’s African expansion, Hyprop Investments Limited has entered an agreement as a co-investor in Mauritian-based property investment company, Atterbury Africa Limited

“Zambia is widely tipped to record sustained economic growth of approximately seven percent over the next few years, but the manner in which the country’s real estate sector is transforming the face of the nation is as good as any barometer for the economic turnaround currently underway,”