Listed Property Sector

The growth of REITs could help African nations harness the opportunity that the market offers and increase accessibility of long term funds for developers on the continent, reports Ortneil Kutama, Africa Property News Media Director.

African REITs will take time

It could take years before there are Real Estate Investment Trusts (REITs) in African countries other than South Africa. But the wait will be worth it as the continent offers strong future GDP growth supported by a large population, untapped resources and growing wealth. ... Full story

Donna Oosthuyse, Director Capital Markets at the JSE says since we introduced the REITS structure in 2013, we have seen an increase in the number of REITS listing, with the number moving from seven in April 2013 to 32 today.

SA’s listed property sector gains first Residential REIT

South Africa's residential sector is to be represented for the first time on the JSE’s main board, with the new listing of Indluplace Properties, a wholly owned subsidiary of Arrowhead Properties. ... Full story

Delta International’s strategy involves Morocco and Mozambique but CEO Louis Schnetler has said other countries in Africa are being studied for opportunities.

Delta International expands Mauritius Stock Exchange listings

Delta International is given permission to list up to 29-million additional ordinary shares on the Stock Exchange of Mauritius as it looks to continue its growth across Morocco and Mozambique. ... Full story

Stanlib's head of listed property funds, Keillen Ndlovu says that the market capitalisation for the listed property sector in sub-Saharan Africa, excluding South Africa, is about $827 million.

Investors advised to take long-term view on African Property Stocks

Africa Property News.com has learned that growth seekers should look at property stocks with a five year time horizon in mind according to Stanlib's head of listed property funds, Keillen Ndlovu. ... Full story

PwC Africa Real Estate Leader, Ilse French said previously inaccessible markets were opening up through economic growth, improving political stability, and ongoing investments in infrastructure.

Global megatrends driving Real Estate growth opportunities in Africa

Rapid urbanisation, population changes, and other global megatrends including industrialisation, technology, and sustainability in city planning will drive growth in the real estate industry across Africa over the next five years, PwC said in a report released last week. ... Full story

Orascom Construction will pursue a dual listing in Egyptian Exchange (EGX) and Dubai Nasdaq and aims start trading in March this year.

Orascom Construction eyes dual listing in Egypt and Dubai stock exchange

Orascom Construction Ltd announced on Monday that its construction business will be dually listed as a separate entity on Nasdaq Dubai and the Egyptian Exchange (EGX) early March this year. ... Full story

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Watch: A Credible Market, the need for Standards in Property Industry

Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story

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