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Browsing: Africa real estate Investments
eal estate investment trusts or REITs do not yet exist in Zimbabwe.
This will not be the case for long as internationally ubiquitous investment security is soon to be introduced to the country’s investment landscape. Only 5 other countries in Africa have this security or asset class as part of their respective investment landscapes.
The listed property sector in Zimbabwe on the stock exchange has been in a state of flux. The way that it looks right now is very different from the way that it looked like 15 to 20 years ago. There are only 2 pure play property companies listed on the Zimbabwe Stock Exchange namely Mashonaland Holdings and First Mutual Properties. Both companies are heavily involved in commercial and office real estate and to certain extent residential property.
Over the last 5 years, two other companies that were listed under the property category were delisted and…
Listed real estate is also expected to continue performing poorly in 2021 with the Fahari I-Reit having opened the year at a relatively low trading price of Sh5.8 per share.
This is coupled with the expected negative performance of the office sector and lack of investor appetite in the instrument due to negative investor sentiments.…
Tanzania is well on its way to achieving its long coveted middle income status, and the mushrooming skyscrapers in most all its major cities are evidence. Well that’s one way to look at it.
You see, where investment is on the raise, it is safe to say the economy is stable and even growing. That is Tanzania for you, a stable growing economy where investment, especially in the real estate sector is growing, and growing exponentially.
Tanzania has been enjoying a steady economic growth over the last few years averaging an impressive 7% annually. However, for the sake of this article, lets leave the data in the papers for now and take to the streets, on the ground, what is actually happening?
In major cities like the capital Dodoma, development is hands on, on the ground right in front of you. Empty stretches of land are now housing complexes complete…
Uganda Revenue Authority (URA) limited some products from custom warehousing at the port of entry which forced a drop in warehouse leasing activity during the second half of 2019.
This is according to a Knight Frank report which pointed out that impact by statutory directives saw varied activity in the retail segment of real estate, during the period URA issued a list of goods that would not be eligible for customs warehousing at the point of entry.
According to the report, the net effect of this meant that traders would have to import goods, pay taxes immediately and then transport them to the final destination.
Also Read: Uganda leads EAC in ease of forex access
“The change in operations will no longer allow traders to keep certain items in bonded warehouses,” the report reads in part.
Some of the lists of goods included building materials, sugar, wines and spirits, motor …
Broll Property Group, the largest independently owned Pan-African commercial property services company, has entered into an exclusive affiliate arrangement with Cushman & Wakefield, a leading global real estate services company.
The new venture represents a partnership with Broll’s Occupier Services business and will be branded Cushman & Wakefield Broll, providing clients with an integrated platform covering the entire sub-Saharan Africa region.
The partnership combines Broll’s well-established operations and market-leading track record of Occupier Services across Africa with Cushman & Wakefield’s global reach. This will allow for the optimization of Broll’s expansive knowledge of the African markets with the weight and expertise of a global player. “This partnership provides an important distinction for users of space, who will benefit from the Cushman & Wakefield Broll dedicated focus on occupier clients,” says Ken Gerber, Managing Director of Broll Occupier Services.
The service offering covers end-to-end corporate real estate solutions for businesses across …