Category
Published stories attached to the Commercial category.
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At the South African Council of Shopping Centres congress in Durban, retail strategists argued that centres must offer ticketed experiences and membership perks, with e-commerce now about 10% of local retail sales.
The Western Cape-focused real estate investment trust grew distributable income per share 8.02% to 47.29 cents on a 28.14% rise in revenue, after raising R1 billion in new equity and completing R1.4 billion of acquisitions.
The Ministry of Foreign Affairs paid about sh18.7 billion for a 0.242-hectare plot on Colville Street that houses Magic Car Parking, with its permanent secretary rejecting claims the price was $8 million.
The Tema Development Corporation has identified inadequate road access to some of its lands, alongside encroachment, as a major obstacle to expanding commercial real estate as the sector minister reviews agencies under the Ministry of Works, Housing and Water Resources.
Absa Bank Ghana's new headquarters at Ridge in Accra has achieved IFC EDGE Advanced certification, recognising its energy and water efficiency measures including a 570-kilowatt-peak solar installation.
Hotel101 Global has signed binding agreements with IGI Holding for a country-wide joint venture in Egypt, starting with a roughly 750-room hotel on a 15,984 square metre site in 6th of October City.
Redefine Properties has put R106 million into a 7.014 MWp rooftop solar plant at Brackengate that wheels power across Cape Town’s municipal grid to Kenilworth Centre, Blue Route Mall and the Towers office precinct.
Nine years after completion, Britam Tower still tops Nairobi’s skyline at 200.1 metres — a KSh7 billion Upper Hill development that has become a benchmark for commercial office design and green building in Kenya.
TDC Ghana says Tema Oil Refinery and VALCO owe a combined GH¢581.7 million in rent plus years of unpaid ground rent, with their leases expired and renewal negotiations yet to produce payment.