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Published stories attached to the Investment category.
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Page 5 of 33
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.
A Leadership investigation traces how agents, forgers and fake developers sell plots that do not exist or have been sold several times over, as regulators admit weak consumer protection.
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.
Egypt's MIDYAN Developments has set out a 2027-2030 strategy to add one asset to its built-to-own portfolio each year, building on investments exceeding EGP 12bn in education and healthcare.
Cape Town's proposed short-term letting by-law would push heavily let properties into the commercial rates category, and a property practitioner argues the knock-on effect on net income could shift what investors are willing to pay.
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.
Moroccan developer Addoha has launched Palm Bay, an ultra-luxury villa scheme in Assinie, and unveiled a new premium brand as it expands across Cote d'Ivoire. Its 20 Ivorian projects represent potential revenue of about 22.3 billion dirhams.
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.
The first phase of the $25 million Masaka Views Eco Estate in Kigali's Kicukiro District is 85% complete, with NCBA Bank Rwanda offering a 105% mortgage product to fund purchases in the 382-unit development.