Category
Published stories attached to the Commercial category.
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The Cube, an 80,000 square foot Grade A office building on Riverside Drive in Nairobi, changed hands after Batian Income Properties acquired Riverside Towers Limited, with GenAfrica Asset Managers running the investment vehicle.
Kigali Heights Development Company Ltd is being wound up after selling the Kigali Heights commercial complex to Yyussa Company in a deal valued at $31.8 million, with creditors given until October 10 to file claims.
A black woman-owned three-star hotel in White River, Mpumalanga, has received more than R3.5 million in blended government and development-finance funding to expand and upgrade its facilities.
President Cyril Ramaphosa has welcomed the opening of South Africa's first Club Med resort in KwaZulu-Natal, a more than R2 billion development he described as the largest hospitality investment in South Africa and SADC since Sun City opened in the 1970s.
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.