Keillen Ndlovu

Menlyn Park Shopping Centre in South Africa to cement its place as the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping.

Menlyn Park Shopping Centre to cement its place as Africa’s largest mall

Despite a slowdown in consumer spending across South Africa, Pretoria’s Menlyn Park Shopping Centre is undergoing a R2.5-billion revamp that will make it the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping. ... Full story

Norbert Sasse‚ CEO of Growthpoint Properties said: “With the full commitment of our partners‚ we are creating a powerful platform for pan-African property investment."

SA’s largest property group secures $40m funding to invest in African venture

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). ... Full story

Investors should try to buy property stocks directly in the US, UK, Europe and Australia, says Stanlib’s head of listed property funds, Keillen Ndlovu.

Direct offshore property stocks more attractive than Africa

Stanlib the investment bank, believes right now investors need to put their money into developed markets as Africa offer too much economic and political risk. ... Full story

[Modern Nairobi Skyline] Kenya really is at the cutting edge for African listed property markets. And more REITs are expected to list on the Nairobi Stock Exchange going forward.

Kenya dominates East African property market

Kenya is dominating East African property developments because of its stability and investment opportunities, Africa Property News.com has learned. ... Full story

Property Investments in Nigeria can succeed despite Boko Haram threat. Boko Haram translates as 'Western education is a sin'.

Investments in Nigeria can succeed despite Boko Haram threat

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. ... Full story

Africa Property News.com Media Director, Ortneil Kutama believes there is a scramble for African property assets as investors look to gain first mover advantage in the continent.

Another Scramble for Africa

There is a scramble for African property assets as investors look to gain first mover advantage in the continent. ... Full story

Growthpoint CEO Norbert Sasse said we needed the right partners and expertise to create a powerful platform for pan-African property investment.

SA's Growthpoint launches $90m pan-African real estate fund with Investec and IFC

South Africa’s largest property fund, Growthpoint Properties is investing alongside Investec Asset Management, the global investment management firm, partnered by the International Finance Corporation (IFC) to launch a pan-African investment strategy. ... Full story

Stanlib’s head of listed property funds, Keillen Ndlovu says U.S. property markets seem to have priced in potential Fed interest rate hikes. There will be volatility running up to the first interest rate hike.

U.S. Real Estate trends ring true in Africa

The American property market will be strong enough to withstand an interest rate hike by the Federal Reserve Bank there, according to a report by Bank of America Merrill Lynch. ... Full story

Head of Stanlib Direct Property Investments, Amelia Beattie says the group is pleased to be the first to list an I-REIT in East Africa as this will boost the property market, improve governance and give investors.

Kenya catching up to global real estate investment trust (REITs)

Bringing Kenya’s listed property sector with international publicly traded real estate investments and creating greater investor certainty, Kenyan Authorities have tabled a unified approach to property investment schemes. ... Full story

Delta International CE Bronwyn Corbett says the idea is to grow the company's assets from the current US220m to around $1bn within the next three to five years.

Delta International's Africa trek gains traction

While Africa is still being punted as the world’s next big growth story, making a successful entry into the continent’s real estate markets is proving easier said than done. ... Full story

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