Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A warehousing at ALP North Industrial Park with 75 per cent of the facility pre-leased at a time when other segments of the commercial, retail and residential real estate market are struggling to achieve total occupancy of 75 per cent.
With all development rights in place, civil construction on the much awaited Ntshongweni Urban Development will commence in early 2019.
The opportunity to obtain 10% yields across different sectors has made Francophone Africa attractive for Cornet compared to Europe.
With inflation still within the target range, but with concerns following a round of fuel price increases and other potential inflationary impacts, as was anticipated, the Monetary Policy Committee kept the repo rate unchanged following this week’s meeting, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
As expected, the Monetary Policy Committee kept the repo rate stable, with analysts and market commentators ahead of today’s announcement (24 May 2018) pointing to a more hawkish stance amid a weaker rand.
Running for its eighth consecutive year, the Africa Property Investment (API) Summit & Expo, which takes place at the Sandton Convention Centre this week (Thursday 24 and Friday 25th August 2017), promises to put Africa’s retail sector in the spotlight.
Knight Frank, the world's leading independently owned property consultancy, has recently published a report, ‘The Prime Global Cities Index’.
With an increased focus on Africa from multinational occupiers, the key trends of portfolio optimisation, flexibility and improved utilisation form part of a specialised real estate service for corporates.

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