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.

Unprecedented liquidity in global capital markets is fuelling investors to seek out new markets and it is beginning to find its home in real estate markets in Sub-Saharan Africa (SSA) says JLL in its latest research paper “Emerging Beyond the Frontier”.

Nairobi is the 5th JLL-owned and operated Hub on the continent from which real estate markets and clients in 22 countries are serviced.

Jones Lang LaSalle today announced the appointment of Mark Bradford, currently managing director of its South Africa business, as its first chairman for Sub-Saharan Africa, with a broad remit overseeing the firm’s growth strategy across the whole African continent.  

A shortage of prime properties is forcing a number of blue chip companies to take up space in new developments in prime nodes whilst the secondary market continues to suffer under the subdued economic environment.

Rentals are projected to remain flat in the next 12 months as the overall demand in the Johannesburg area is relatively weak with minimal rental growth expected in the prime office buildings. Despite this, it is anticipated that this node will continue to perform well due to its prime corporate address and good quality office buildings. 

Sandton is the largest commercial real estate node in the decentralised area in Johannesburg.

As South Africa today attends its first BRICS summit as a full member of the BRIC (Brazil, Russia, India, China) club of nations, global commercial real estate firm Jones Lang LaSalle (NYSE: JLL) re-affirms its commitment to the country

Global commercial real estate firm Jones Lang LaSalle (NYSE: JLL) has announced the formation of Jones Lang LaSalle South Africa following the acquisition of one of the country’s leading corporate property service providers, Bradford McCormack & Associates (BMA)

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