Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.

The results of Consulting Engineers South Africa's (CESA) Bi-annual Economic and Capacity Survey for the period January to June 2018 recently released indicates positive news, that the construction sector has seen growth for the first time in six quarters. 

With 50 % of its Africa deals in 2018 taking place in the Francophone Region, one international operator focussed on the region is the Radisson Hotel Group.

“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

Hammerson plc (“Hammerson”) has exchanged contracts for the sale of a 50% stake in Highcross shopping centre in Leicester for £236m. This represents a 5% discount to December 2017 book value allowing for capex associated with the proactive reconfiguration of the former House of Fraser store.

With its successful record in the fast track construction of high-end projects, Concor Buildings has been awarded the prestigious Illovo Central contract. This 17-storey mixed-use development near Sandton is due for completion in January 2020.

The opportunity for African countries in supporting the growth and development of their affordable housing industries is immense and transformative.

Listed real estate investment trust (REIT) Redefine Properties has appointed seasoned business and accounting expert Sindi Zilwa to its board with effect from 2 November 2018.

JSE REIT Stor-Age, the leading and only listed self storage property fund in South Africa, yesterday closed its accelerated bookbuild.

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, continued on its strong growth trajectory, reporting solid financial results for the year ended 30 June 2018.