Zambia’s real estate sector is looking forward to a new chapter as it begins to leverage off opportunities in the steadily growing economy.
Broll East Africa has appointed two executives to Head Research and Occupier Services in the region.
Leading property developer and investor Atterbury has successfully completed the first-phase development of the USD20 million Pemba Shopping in Mozambique’s north-eastern port city of Pemba, the capital city of the Cabo Delgado province.
While Nigeria’s economic downturn created adverse conditions for international companies operating in the country, leading construction and property solutions company, Profica, adopted an astute approach to doing business that enabled them to weather the storm.
After years of supplying Lesotho with its cement and construction materials, leading supplier AfriSam recently commissioned a new cement blending and packing facility in Maseru to serve that market.
Upmarket development in Windhoek’s central business district (CBD) is on the rise and has boosted the revival of this inner-city area.
Royal HaskoningDHV in a Joint Venture with HaskoningDHV Botswana has been awarded the Master Plan Review of the Sir Seretse Khama International Airport Special Economic Zone (SSKIA-SEZ) located in Gaborone, Botswana, South West of the Sir Seretse Khama International Airport.
Although there is increased demand for space from international occupiers across Sub-Saharan Africa, these occupiers are looking for smaller but high quality floor spaces.
Located to the northwest of the Nairobi CBD, office developments in Westlands recorded average rental prices of $13.60/m2, with a 74% average occupancy rate in 2016 due to increased completed office developments under the letting process in 2015/2016.
Demand for industrial property in Nairobi is expected to continue rising in 2017 with rental growth rate set to increase by between 8-10%, according to Broll Kenya Market Report H1 2017.