Category
Published stories attached to the Commercial category.
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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.
Attacq, the JSE-listed Reit behind Waterfall City and Mall of Africa, reported 15.5% growth in normalised distributable income per share and a 17.2% rise in its full-year dividend for the year to 30 June 2026.
Absa has extended R5.1bn in financing to port and logistics developer Newlyn Group as South Africa pushes to shift more freight from road to rail and improve supply-chain efficiency.
President John Dramani Mahama is expected at the unveiling of Sentuo Group's proposed US$1.3 billion Airport Garden City in Accra on Tuesday, September 15, 2026, a development planned to include apartments, a hotel, shopping and a 2,500-seat conference centre.
The Kano Economic City project at Dangwauro, along the Kano-Zaria Highway, is being developed on 117 hectares with plans for 80,000 square metres of warehousing and 12,000 shops and stalls, with several blocks already completed and occupied.
Township and rural shopping centres are extending their lead over suburban malls on returns while becoming the primary formal, serviced space in many communities, according to Absa's MSCI South Africa index and industry players.