The property and broader built environment sector has an important role to play in Africa’s growth, but it needs to be taken more seriously and prioritised.
New report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure narrows to about USD25bn a year.
It’s the final countdown to the year’s biggest business events on the African continent and a vitally important event from a business tourism perspective, Meetings Africa, which takes place at Sandton Convention Centre in Johannesburg, from 22 to 24 February.
Cresta Hotels’ Chief Executive Officer, Glenn Stutchbury, and his sales and marketing team recently hosted a South African Roadshow to meet travel trade partners promoting the group’s hotels in Botswana, Zambia and Zimbabwe. This was the second year that Cresta Hotels hosted such an event covering Cape Town, Durban and Johannesburg.
Infrastructure can only benefit future generations and contribute to development if it is sustainable.
One of Africa’s leading property services firm serving the investor and occupier markets in the continent, Broll Property Group secured property management business valued over R35 billion in the last six months.
Johannesburg & London, 9 December 2015 - JLL (NYSE:JLL) today announced the acquisition of Trussard Property Consultants, a leading local real estate leasing and investment agency business, based in Johannesburg. The addition of Trussard will further accelerate the strong growth momentum in JLL’s South Africa business which is based in Rosebank, Johannesburg.
Actis, a leading emerging market investor, has announced an investment of R760m (US$54m) in Food Lover’s Market, estimated to be the largest independent food retail group in Africa. Actis is acquiring a substantial minority stake in the business and backing founders Brian and Mike Coppin, together with the existing management team, who have created a remarkable success story based on a market leadership position in fresh produce retail.
MSCI Reveals Botswana Property Returns Experience Slowdown Total returns reduce by 1000bps over 12 months albeit from a high base.