African real estate development news

Best Commercial High-Rise Development – Accra Financial Centre Ghana (2017)

Winners for Africa top real estate developments announced at the API summit & expo 2017.

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Hyprop Investments: Actis, RMB Westport and Paragon sell Nigeria's Ikeja City Mall to Hyprop and Attacq

London, South Africa (17 November 2015): Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

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The Wings US$182-m project raises new proposition in office space devt

The commercial real estate market in Nigeria, increasingly, continues to see phenomenal growth with investment portfolio in retail and office space veering off conservative market year-on-year projections and expectations.

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Developers needed

The growth of sub-Saharan Africa and the development of its economies will herald the transformation of the continent’s skyline as the supply of Grade A commercial real estate seeks to match demand.

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RMB Westport raises ZAR2,3-bn for West African property

FirstRand Bank Ltd said the property unit of its investment banking arm raised ZAR2,3 billion for its Real Estate Development Fund aimed at developing real estate assets in West Africa. The money will be used to supply the “strong demand for high-grade retail and commercial property,” Johannesburg-based RMB Westport said in an e-mailed statement. Nigeria, Ghana and Angola have been “earmarked as key jurisdictions in which to develop retail and commercial property.”

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RMB Westport says West is best

RMB Westport recently raised US$250-million for its Real Estate Development Fund aimed at developing real estate assets in West Africa. This unprecedented amount of committed investor capital is earmarked to supply Africa’s current strong demand for high-grade retail and commercial property.

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Ikeja City Mall – upmarket, self-sustainable and energy-efficient

The African continent is becoming increasingly essential to the South African construction industry. Local project work is in short supply, while the rest of Africa remains ripe with building opportunities.

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African market good returns for shrewd investors

Increasing global investor interest in Africa, as a result of its high growth prospects has paved the way for attractive opportunities in property development and investment.

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RMB Westport breaks new ground in Lagos

Ahead of the formal opening of the famous Ikeja City Mall, the promoters have unveiled the edifice Sto prospective tenants in Lagos as preparation reached advanced stages towards completing the structures in November.

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