Cushman & Wakefield Excellerate, Africa’s leading property services provider, has released its 2018 Africa Report; a comprehensive explanation of trends and dynamics affecting the commercial, industrial and retail property sectors in key markets on the continent.
Targeting property professionals and investors, the Africa Report provides an overview of industry developments in South Africa, Mozambique, Zimbabwe, Namibia, Zambia, Nigeria, Ghana, Kenya, Tanzania and Mauritius. In each case, the report offers an explanation of the economic and political events taking place within the country, how these are impacting on the industry, and what this means for property stakeholders.
“Our report shows that the outlook for the African property industry is, on the whole, positive,” states Marna van der Walt of Cushman & Wakefield Excellerate.
This assessment is based on the recovery of several economies, especially in markets like Nigeria and Zimbabwe.
The report notes that political developments in several countries have had a positive spinoff, helping to revive previously stagnant sectors and therefore driving new developments in the industrial space. South Africa and Zimbabwe are both examples here, with the change in political regimes fostering renewed business confidence.
Other countries deserving of mention include Ghana and Mauritius, where concerted efforts on the part of the government have successfully sparked development in several business categories, with positive implications for economic growth impacting on demand in the sector.
Namibia and Mozambique have also been earmarked in the report as markets to watch, along with Kenya, Tanzania and Zambia.
In each instance, Cushman & Wakefield Excellerate has outlined critical nodes that are likely to offer attractive prospects for investors, or which may evolve to become essential property hubs. The report further provides details of landmark developments underway in each market.
“Our message is clear: While African countries have faced their share of challenges and continue, there are many markets worth exploring, with great potential for further development,” says van der Walt. She adds that urbanisation will remain a major driver in this regard.
Cushman & Wakefield Excellerate is well positioned to act as a guide and navigator for companies wishing to explore these markets. The company prides itself on its hallmark forward thinking and its focus on quality and excellence. It offers an extensive range of services including property and asset management, facilities management, corporate real estate services and property management. The company combines the outstanding insights of Cushman & Wakefield, a Global company with a dedicated presence in 70 countries, with Excellerate’s in-depth understanding and experience in the African market.
Cushman & Wakefield Excellerate
Marna van der Walt, CEO
Tel: 011 911 8000