Echo Polska Properties (EPP), in which South Africa’s Redefine Properties holds a 49.9% stake, is aiming to list on the Luxembourg Stock Exchange (LuxSE) followed by a listing on the Johannesburg Stock Exchange (JSE)..
African countries offer exciting returns for property investors if they do their homework and study each market..
Mozambique - The slowdown in Africa’s economic growth outlook, and currency volatility, have compelled property developers, retailers and institutional funds to reassess their investment strategies.... Full story
South Africa’s largest property group, Growthpoint Properties which controls a portfolio valued in excess of $6.5bn (R100bn ZAR), has secured $40m (R606m) finance facility with the International Finance Corporation (IFC).
Johannesburg — The $345 million Mall of Africa set in middle-class suburbia between Johannesburg and Pretoria, opened its doors to the public, sporting more than 80 000 shoppers on its first day of trading.
Kenya is dominating East African property developments because of its stability and investment opportunities, Africa Property News.com has learned.
Abuja — Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017.
Burundi’s real estate market has been stifled by unrest in the country for decades. Currently rebels in the country are trying to oust the country’s President Pierre Nkurunziza.
There is a scramble for African property assets as investors look to gain first mover advantage in the continent.
FirstRand Bank Ltd, said the property unit of its investment banking arm raised $250 million for its Real Estate Development Fund aimed at developing real estate assets in West Africa. ... Full story