Retail Property

SA Shopping Mall Investor reduces exposure to Africa

Hyprop Investments, South Africa’s largest listed specialized shopping centre owner, on Friday said that AttAfrica Limited, in which it owns a 37.5 percent stake, had concluded an agreement to dispose of its interest in Achimota Retail Centre in Ghana. ... Full story

French Supermarket Giant to open stores in Uganda

French retailer Carrefour is set to open its first branch in Kampala as it moves to take up space previously occupied by struggling Kenyan retailer Nakumatt. ... Full story

$20m earmarked for Hotel and Shopping Centre development in Zambia

Kasama, a city in the Northern Province of Zambia, is in for $20 million commercial transformation, that will see the development of a new four-star hotel and shopping mall at Kasama Golf Club (KGC). ... Full story

SA retailer Shoprite expands in Nairobi

South African based retail giant, Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi. ... Full story

Investor appetite grows for Casablanca’s stable real estate market

Casablanca’s Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors. ... Full story

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

New Shopping Mall for Côte d’Ivoire

A $30m shopping centre recently opened its doors in Abidjan, Côte d'Ivoire, on the back of strong consumer and retailer demand. ... Full story

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

African real estate market still standing after tough 2016

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. ... Full story

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