Basil Read is on the lookout for prospects in the rest of the continent as the local construction sector remains subdued.

Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.

Knight Frank’s Prime Global Rental Index, which tracks the change in luxury residential rents across 17 cities globally, fell for a third consecutive quarter with rents falling on average by 0.5% in the year to March 2016.

The deal, which is subject to shareholder approval, provides equity funding for the Lekela Power platform, a joint venture with the global pan-emerging market private equity firm Actis.

Safari Investments, which has grown its portfolio about 30% in the year to March, says it is on track to reach its R3bn property target by the end of 2018.

Building on its globally-recognised Integrated Facilities Management business, JLL (NYSE: JLL) today announced that it has reached a definitive agreement to acquire Integral UK Ltd., the UK's leading provider of mechanical and electrical property maintenance, in a move that will make JLL one of the largest mobile engineering services providers for property worldwide.

Tuesday, 24 May 2016 23:02

PPC downgrade warning hits stock

PPC warns of a credit rating downgrade and said it was in the advanced stages of a capital raising exercise for up to R4bn, tanking its shares.

Green building is gaining rapid momentum in Africa with office buildings in Rwanda and Namibia both receiving 6-Star Green Star ratings, certified by the Green Building Council of South Africa (GBCSA).

Ashburton Investments is pleased to announce the first close of the RMB Westport Real Estate Development Fund II (Westport II), raising just under USD250m of the USD450m target. 

Craig Hean, who in 2013 succeeded Mark Bradford as Managing Director of JLL South Africa, will now take the additional newly created role of Managing Director, Sub-Saharan Africa, which includes an overview of JLL’s hub office operations in Lagos, Nigeria, covering western Africa, and Nairobi, Kenya, covering eastern Africa.

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