News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The Moolman Group agreed to sell nine shopping centres across South Africa for 2 billion rand ($124 million) to Dipula Properties, marking the largest acquisition in the listed REIT's history.
Nigerian luxury property developer Sijibomi Ogundele says his Sujimoto Group has repaid more than N40 billion ($29.8 million) in debt and aims to be debt-free by January 2027, while an EFCC investigation into alleged fund diversion at Enugu's Smart Green Schools project continues.
Growthpoint's 36 Hans Strijdom building in Cape Town has secured Net Zero carbon level 2 certification from the GBCSA, as the property firm shifts assets to lower-carbon operations.
Marriott International has opened Kampala Marriott Hotel and Marriott Executive Apartments Kampala, marking the debut of both brands in Uganda.
Ghanaian developer Devtraco Plus has launched a Nigerian market initiative, urging high-net-worth investors to consider Accra's real estate and tourism landscape.
Knight Frank Kenya's H1 2026 market update shows a resilient property market, with prime office occupancy rising 4.05% and prime residential sale prices up 6.2%.
The Taraba State Government has formally taken over the 188 housing units built under the federal National Housing Programme, with Governor Agbu Kefas requesting more federal housing projects in the state.
The Economic and Financial Crimes Commission has arraigned Yusuf Ademola Oyepeju and his two companies before an Oyo State High Court over the alleged conversion and sale of a Dubai-based Nigerian cleric's property in Ibadan.
Building sector operators say the erratic surge in cement prices, with a 50kg bag of Dangote Cement topping N15,000 in some locations, is driving up construction costs, property values and rents.