The Capital has launched a R270 million aparthotel development in Gqeberha, South Africa.
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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.
The Smash ATX bar is slated for demolition. In its place…a dual-branded Hilton hotel. Peachtree and Merritt Development are joining forces on the project, which will be an Embassy Suites by Hilton and Tempo by Hilton hotel. The hotel is expected to have 480 rooms. The room breakout will consist of 184 Embassy…
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