Category
Published stories attached to the Commercial category.
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Western Cape-focused REIT Spear has signed a long-term agreement with retailer Mambos Storage & Home to develop a 7,150m2 flagship distribution centre in Blackheath, Cape Town, at a cost of about R90 million.
Kenya's environmental authority has invited public comments on a mixed-use development proposed for Nairobi's Railway Station area, featuring a 10,000-seat indoor arena, a branded hotel, serviced apartments and a sports park.
Civil society groups have lodged a formal appeal against the land-use approval that lets US technology company Equinix build a hyperscale data centre at King Air Industria in Cape Town, saying the impact on nearby communities, water and electricity was never properly assessed.
A Kenyan court has issued a warrant of attachment against Bank of Baroda's movable property after entering judgment in favour of Infinity Industrial Park over a stalled warehouse development in Njiru, Nairobi.
YW Capital and RMB have completed a R2.25 billion transaction that places three Pepkor distribution centres into a new industrial property platform, IronOak, releasing about R2 billion of capital to the retailer.
Listed Accelerate Property Fund has disposed of Cedar Square, its second-largest asset, for R630 million to an entity owned by Big Apple Trust, in a deal that will require shareholder approval.
Commercial property developers in Kenya have a pipeline of 645,300 square feet of mini-malls due for completion over the next three years, as youthful consumers push demand for smaller, convenience-led retail.
New Africa Developments has concluded its purchase of Kalahari Mall in Upington after unconditional Competition Tribunal approval, marking the investor's entry into the Northern Cape.
Egyptian developer SAM Developments has begun construction of its 90 Gate mall after selling out the project's first phase, with excavation and retaining-wall works due to start as the company pushes back on talk of a broad market slowdown.