Growthpoint Investec African Properties (GIAP), the pan-African real estate investment business managed by Growthpoint Investec African Property Management, has advanced the execution of its strategy to aggregate a quality portfolio of prime income-producing commercial assets in select cities across Africa.

The year began with renewed confidence across all sectors of the financial and property markets.

Unprecedented liquidity in global capital markets is fuelling investors to seek out new markets and it is beginning to find its home in real estate markets in Sub-Saharan Africa (SSA) says JLL in its latest research paper “Emerging Beyond the Frontier”.

The property, situated on the corner of Atlas and Paul Smit Roads, just off the N12 highway, was recently sold for a confirmed R30 million at the recent Auction Alliance Multiple Commercial Auction.