Zambia Property Market

According to the project owners, Mikalile Investments, construction started in May and the company intends to complete phase one (the Mall) by next year.

$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

Sub-Saharan Africa continues to make advances in real estate transparency, but progress has been patchy with limited development in regulatory and legal reforms and enforcement, says Craig Hean.

Sub-Saharan Africa advances in real estate transparency ranking

Sub-Saharan Africa (SSA) continues to make advances in real estate transparency despite other countries in the region requiring greatest attention. ... Full story

Mara Delta formerly Delta Africa, acquires a 50% stake in Zambia’s Cosmopolitan shopping mall from Rockcastle Global Real Estate Company Limited.

Mara Delta secures $70m in funding, acquires Zambia’s Cosmopolitan Mall

Mara Delta formerly Delta Africa, the largest pan-African multi-listed property fund, has acquired a 50% stake in Zambia’s Cosmopolitan shopping mall from Rockcastle Global Real Estate Company Limited. ... Full story

After a tumultuous 2015, market volatility in Africa is expected to persist as economies absorb the impact of slowing growth in China and falling commodity prices, says Derrick Roper.

Africa's Emerging Markets will come Back into View

Private equity fund managers, who adopt longer term time horizons than traditional asset managers, are showing renewed interest in African investment opportunities. ... Full story

Delta Africa announced it would effectively acquire Rockcastle Global Real Estate’s 50% interests in Kafubu Mall and Makuba Mall in Zambia.

Delta Africa acquires stakes in two Zambian malls

Delta Africa, formerly Delta International, has acquired significant interests in two Zambian shopping malls, extending its asset base into a third country. ... Full story

Choppies, which acquired its secondary listing on the JSE in May, was due to expand in Zambia and Tanzania by the middle of this year but said this had been delayed by a few months.

Choppies pursues targets in spite of opening delays

Delays in opening new outlets in Zambia and Tanzania this year will not hold back Botswana’s largest grocer Choppies from achieving its 2016 growth target of operating 200 stores across sub-Saharan Africa. ... Full story

Speakers at the annual Africa Property Investment Summit in Johannesburg suggested that concerns about lower commodity prices, China’s slowdown and the currency turbulence in many of the continent’s key economies have not seriously dented long-term plans

Urbanisation and infrastructure development bode well for Africa's property market

Africa's long-term property prospects remain bright, fueled by rapid urbanization, mass transit and transport development and a growing ageing population. ... Full story

Demand for high-quality retail, office and residential space continue to outstrip supply in a number of markets across Africa, says Gerhard Zeelie, Head of Real Estate Finance at Standard Bank.

Real estate in Africa continues to drive growth potential

A growing consumer middle-class, powered by rapid urbanisation and shifting demographic trends is driving both property demand and growth opportunities in the real estate industry across the African continent. ... Full story

Standard Bank Head Real Estate Finance, Gary Garrett says rapid urbanisation and a growing middle class are boosting opportunities for investment throughout the continent.

African retail and office property offers ‘significant opportunities’ for investors

Rapid urbanisation and growing consumer wealth on the African continent is providing numerous opportunities for investors wanting to gain exposure to retail and office property developments north of South Africa. ... Full story

Hyprop Investments CEO Pieter Prinsloo says the total investment in sub-Saharan Africa was worth more than $172 million (R2 billion) at the end of December last year

SA Shopping Centre Investor grows asset base to $172m in sub-Saharan Africa

Hyprop Investments, South Africa’s third largest JSE-listed real estate investment trust (REIT) on Monday reported that its asset base in sub-Saharan Africa had increased to $172 million (ZAR R2 billion). ... Full story

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