One of Africa’s leading property services firm, Broll Property Group scooped eight awards in the Euromoney Real Estate Awards 2015.

Rapid urbanisation, population growth and an undersupply of formal retail space continue to drive growth in the retail sector across Sub-Saharan Africa.

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.

With a 25 bases points increase in interest rates, consumers can expect tough times ahead with overall retail sales growth to range between 2% to 2.75% for the remainder of 2015.

Group CEO of the Broll Property Group today announced the executive appointments of Gordon Bell as Director for Broll Africa operations in East Africa, and Brad Gee, as Managing Director of Broll Kenya with effect from 1 July. 

Broll Acquires Finlay Management Business in SA and Mozambique.

Facilities Management services are no longer seen as a procurement process but have matured and is now accepted as part of the partnership relationship by investors and occupiers.

According to a recent CBRE Global Investor Intentions Survey 2015, 53% of global investors plan to increase their investment purchases this year.

Although muted growth is expected for the sector, retailers targeting the value chain will continue to show growth slightly higher than sector averages. 

Richard O'Sullivan is an Executive Director of Retail Africa.