Although there is increased demand for space from international occupiers across Sub-Saharan Africa, these occupiers are looking for smaller but high quality floor spaces.
Demand for industrial property in Nairobi is expected to continue rising in 2017 with rental growth rate set to increase by between 8-10%, according to Broll Kenya Market Report H1 2017.
Nairobi has ranked 10th in JLL’s fourth annual City Momentum Index (CMI) of the world’s most dynamic cities. It is the only metropolitan in Africa to be listed in the Global Top 30 of the world’s fastest-changing cities.
A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.
Hilton Garden Inn Accra Liberation Road becomes landmark deal, with additional signings in Kenya and Nigeria as Hilton seeks to double its presence across the continent.
East African governments and Kenya in particular, are now focused on infrastructure delivery and ways to close the most important infrastructure gaps in planning for new cities.
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced that it is looking into investing a further US$ 110 million into Mozambique, by acquiring an additional four properties, as well as the second stage development of its Anadarko building.
Experienced Nigerian consumers are ahead of the curve when it comes to online shopping compared to consumers in Kenya and South Africa, according to the Broll Shopper Segmentation Report 2016 Volume 1.
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.