Category
Published stories attached to the Commercial category.
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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.
Vukile Property Fund is rolling out value-add projects across its township and rural malls and has bought Botshabelo Mall for R433m, after lifting its South African retail portfolio valuations by R2bn.
Newlyn Group’s 150,000-square-metre logistics park on Cape Road in Gqeberha is advancing, with the first 10,000-square-metre warehouse due for completion by December 2026.
South Sudan has formally asked Tanzania to allocate land for an inland container depot, after securing designated space at the ports of Dar es Salaam and Tanga earlier this year.