South Africa faces a mounting housing backlog of 3 million units, exacerbated by recent court rulings affecting the sector.
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Lango Real Estate agreed to acquire a four-mall African retail portfolio -- Accra Mall, Kumasi City Mall and West Hills Mall in Ghana, plus Ikeja City Mall in Lagos, Nigeria -- from South African-listed REITs Hyprop Investments and Attacq, in a $200 million attributable-value deal funded via a share issuance to the vendors plus partial debt financing arranged by RMB. The transaction takes Lango's managed portfolio to roughly $875 million across Ghana, Zambia, Nigeria and Angola.
Analysis of the Cape Town industrial market's transition into a new development phase marked by increased speculative building activity.
CHICAGO — Tree Street Group, along with development partners Magellan Development Group and Mark Goodman & Associates, has closed on an undisclosed amount of construction financing obtained through Bank OZK,… The post Joint Venture Closes on Financing for Two-Tower Mixed-Income Development in Chicago appeared first…
70 Seoul redevelopment zones remain stalled despite receiving management and disposal plan approval, as construction cost disputes and low profitability slow groundbreaking across the city.
Korea's national net worth rose 2.2% to 24,561 trillion won in 2024, while housing market value jumped 8%, the largest increase since 2021, the Bank of Korea said.
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