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Commercial

Published stories attached to the Commercial category.

67 items

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News

PIC seeks independent valuers for its multibillion-rand property portfolio

South Africa's Public Investment Corporation has issued a tender to appoint professional valuers for its expansive property portfolio, months after a R430m valuation scandal at Lanseria International Airport.

Article

Commercial leases: How startups can secure favourable office rent

A carefully negotiated commercial lease can give a Nigerian startup financial flexibility and clarity on landlord and tenant responsibilities — but founders must look beyond the advertised rent, property experts advise.

News

Al Naser Developments signs Radisson hotel management deal for New Capital project

Al Naser Developments has signed an agreement with Radisson Hotel Group to manage the hotel component of its latest project in Egypt's New Administrative Capital, marking Radisson's first presence there.

News

Cybastion plans $75m AI data center and power plant in Cameroon

American technology company Cybastion is planning a $75 million investment in an AI-powered data center and power plant in Cameroon, announced during the inaugural US-Cameroon economic dialogue.

News

R2.1bn investment drives Durban's Cornubia development, with 2,000 jobs expected

Construction is nearing completion on the first phase of the R2.1 billion Cornubia development in northern Durban, which includes a Leroy Merlin retail project and future commercial facilities.

Article

Redefine's Poland push and a lesson in active asset management

Redefine Properties is targeting a 40% capital allocation to Poland while balancing South African retail, industrial and office assets, arguing that active asset management is the principal source of value creation.

News

Emira builds 23.5% stake in Octodec as Wapnick family doubles down on Pretoria

Emira Property Fund has accumulated a 23.5% stake in Pretoria-focused REIT Octodec Investments after a R892 million buying spree, while the controlling Wapnick family is backing the inner-city portfolio.

News

Growthpoint completes R75m Phase 1 of Walmer Park redevelopment in Gqeberha

Growthpoint Properties has completed phase one of its R75 million redevelopment of Walmer Park Shopping Centre in Gqeberha, with full completion of the Eastern Cape centre on track for November 2026.

News

Over 1.6 million sq ft of new office space enters Nairobi market pipeline

Commercial real estate developers in Nairobi have placed more than 1.6 million square feet of office space into the development pipeline across Westlands, Lavington, Upper Hill and Runda.