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Published stories attached to the Commercial category.
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Durban-based Shree Property Holdings has acquired the former Plascon and Beacon chocolate factories on South Coast Road and will invest about R1.6 billion converting them into roughly 80,000 square metres of logistics warehousing.
Knight Frank's H1 2026 Lagos Market Update shows prime Lagos rents more than doubling since 2023, Grade A office rents steadying near $55 per square metre and values in Abuja's Guzape districts rising 20 to 30 per cent.
Public Works Minister Dean Macpherson and KwaZulu-Natal MEC Martin Meyer say they will urgently challenge a court interdict obtained by Ray Nkonyeni Municipality that stopped the handover of leases for six coastal properties.
Ogun State will break ground on 12 November for a 450-hectare industrial park being developed by multinational Lee Group along the Lagos-Ibadan Expressway near the Sagamu Interchange, with 29 factories planned.
IFC is providing up to $165 million and a further $135 million has been mobilised for Pickalbatros, which will use the package to acquire and upgrade hotels in Casablanca, Marrakech and Agadir.
Structural tests on an unfinished two-storey block at Madina Market in Accra returned readings as low as 11 Newtons per square millimetre, prompting a fresh safety warning and plans for demolition and a 24-hour market.
Delsa Investments, held by a trust of which South African property tycoon Des de Beer is a beneficiary, bought 5.5 million Lighthouse Properties shares for about R44.8 million, extending a buying run that has topped R77 million since June.
The Committee for the Defence of Human Rights has asked the Lagos State House of Assembly to secure a six-month extension for motor spare parts and scrap dealers directed to leave their Abule Egba premises by October 16.
Growthpoint Properties has started work on the last vacant stand at its Growthpoint Industrial Estate in Gauteng, building a purpose-designed facility for logistics tenant DPD Laser on a seven-year lease.