African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors..
It offered very little new from last year and is unlikely to boost business and investor confidence, desperately needed to re-energize the economy and property market.... Full story
As Africa tries to build up a listed real estate industry, healthcare real estate investment trust (REITs) become more attractive on the continent.
Just after completing its ambitious R2.5 -billion redevelopment which positions it as one of the largest mall in Africa, Menlyn Park Shopping Centre in Pretoria South Africa, is now home to over 500 stores and restaurants.
Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kindie, the import export mogul, bought the Hotel in 2010 for 92 million Br.
There is still no respite for property owners in Nigeria. The sluggish economic growth for the last few months does not bode well for rental market.
Marriott International (NASDAQ: MAR) announced plans to debut Element Hotels, the eco-incubator brand in Egypt in early 2019.
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.
Despite the cooling off in South Africa’s economy, the hospitality sector is poised for further growth in the next five years in the wake of a number of inbound travellers into the African continent, according to a report issued by PricewaterhouseCoopers (PwC). ... Full story