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)..
Investment firm focusing on Africa, Quantum Global Group recently announced expansion plans across the Middle East and Africa region.... Full story
Given the poor performance of the rand and inflation, South African property investors have made their mark on the real estate industry across Central and Eastern Europe (CEE) in the last 12 months.
African property developers could soon see more competition from South African funds as they look to invest out of South Africa with that country expected to receive a credit ratings downgrade in the near future.
While growth has slowed in many commodity linked markets in Africa, non-commodity driven markets, particularly in East Africa, have continued to perform well.
While terrorism has not yet had a severe effect on real estate in Nigeria, Africa’s largest economy, there are concerns that security needs to be heightened to prevent any future serious damage to the sector.
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.