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Vukile raises R1.1bn in oversubscribed debt auction
Specialist retail real estate investment trust Vukile Property Fund has raised R1.1 billion through an oversubscribed debt auction that drew R3.65 billion in bids.
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Catch up on the latest real estate news, updates, and development stories from African markets.
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HDAN raises alarm over Abuja's worsening housing affordability crisis
Abuja faces an estimated 1.7 million-unit housing deficit, with many luxury properties standing under-occupied while residents struggle to afford homes, a new HDAN report warns.
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Victoria Island to deliver 602 new homes in 2026 amid rising Lagos rents
Victoria Island is expected to deliver more than 602 residential units in 2026 as developers expand housing supply across the Lagos district, a new Estate Intel report shows.
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Nearly N5 Trillion Worth of Property in Federal Housing Authority Possession, MD Reveals
The Federal Housing Authority holds property worth nearly N5 trillion, its Managing Director Oyetunde Ojo has said, adding that 10,000 to 15,000 housing units are ready for delivery.
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State Rethinks Mortgage Rules, Eyes Mobile Money Data for Housing Loans
Kenya's government wants lenders to use mobile money transactions, SACCO savings and rental payment histories to assess borrowers, as it seeks to expand the mortgage market from about 30,000 loans towards one million.
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Former UJ Senior Director Ordered to Repay R18.18 Million Over Fraudulent Student Housing Scheme
The Labour Court ordered Andries Helani, the University of Johannesburg's former Senior Director of Student Affairs, to repay over R18.18 million for helping non-compliant private student accommodation providers secure accreditation.
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SBM Bank Wins Priority in Sale of Cytonn's Sh650m Ruaka Apartment Project
Kenya's High Court has upheld SBM Bank's priority in the liquidation of the Cytonn-backed Alma project in Ruaka, a 477-unit residential development, to recover a defaulted Sh650 million loan.
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Exclusive Shelters, Urban Shelters Launch Phase Two of Abuja's Dei-Dei Ultra-Modern Market
Exclusive Shelters has partnered with Urban Shelters Infrastructure Limited to launch Phase Two of the Dei-Dei Ultra-Modern Market in Nigeria's Federal Capital Territory.
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Transnet to Dispose of Carlton Centre, Durban Station Precincts and 13 Other Properties
State-owned Transnet plans to sell 15 non-core commercial properties, including the historic Carlton Centre in Johannesburg and the Durban Station precinct.