News
Catch up on the latest real estate news, updates, and development stories from African markets.
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Ayodeji Odeleye, the new president of FIABCI Nigeria, says real estate growth can attract millions of dollars in foreign investment and position Nigeria as Africa's reference point for international investors.
Grit Real Estate Income Group, which owns malls, luxury homes and offices in Kenya valued at over Sh20 billion, remains suspended from the London Stock Exchange over delayed financial results.
Dipula Properties has agreed to buy a portfolio of nine shopping centres from Moolman Group and its co-investors for R2 billion, the landlord's most valuable transaction to date.
New Egyptian platform Aqar Exit connects property buyers facing financial difficulty with new buyers at existing contract prices, attracting over 15,000 users in its first week.
Saudi investment fund Asl Holding has acquired Alkayan Technical Alarabia and Zurich Developments, adding seven projects to its Egyptian real estate portfolio.
Pan-African developer Mixta Africa has welcomed Nigeria's proposed housing reforms while urging independent verification of construction milestones and better access to construction finance.
Knight Frank Uganda's Ankole Real Estate & Infrastructure Conference in Mbarara spotlights the Western Ugandan city's growing property and infrastructure investment market.
Cynosure Realty Ltd, Omec Properties and Kopitar Limited have unveiled Amani Abuja, a proposed 15-hectare residential development in the Kabusa-Sheretti area of Abuja comprising three communities.
The National Bank of Egypt and Banque Misr have arranged an EGP 8 billion syndicated facility to finance part of the investment cost of Palm Hills Developments' New Cairo project.