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The Africa Property Investment (API) Summit (https://www.APISummit.co.za/), today in its tenth year and regarded as the continent's largest gathering of development and real estate investments, will show how the investment record in the markets of the built environment of the continent has matured during the last decade. In recognition of these developments, the Summit Organizing Committee published its high-level white paper here: 10 trends shaping African real estate (Https://bit.ly/2/110Njfr).
Drawing on more than a decade of information and input from its pan-African and international stakeholders from the continent's expanding property value chain, the White Paper details ten top-level trends and explains why these developments are likely to lead to a new development cycle.
Download the report here: https://bit.ly/2Rrf0r1
"Real estate investment in Africa (APIThe Summit has been a catalyst for bringing together stakeholders from across the continent, "comments Kevin, one of Africa's most independent and experienced advisers. Teeroovengadum. "Not only is it a forum for international investors to meet and establish and improve their relationships with local developers, but also a platform that allows to share best practices, "he said.
Current and former member of the Board of Directors of major operating, investing and development companies over the past 18 years, including the Radisson, Actis and AttAfrica hotel groups, Teeroovengadum, is sought after by business leaders for his clinical knowledge of operations across the continent.
"We have made major improvements over the past decade and at every API Summit every year, we can see the increasing sophistication of key markets. Not only have we seen a growing number of investors, developers and asset managers in key markets, but also a better understanding of the type of risk return profile of these markets. "
"Today, we have practical data (land prices, development costs, rental levels, valuation, yields, etc.), whereas 15 years ago, it was a lot of rough estimates. Again, the API Summit has been extremely helpful to the industry as it has been successful in getting this type of intellectual property and sharing it with delegates, "he says.
Feelings that Kfir Rusin, the host of the 10th API Summit, and eight other regional support forums across the continent, are sharing.
"The African real estate market is maturing and we have identified 10 significant trends that together are shaping the sectors, players and markets of investable real estate in Africa for a new investment cycle."
According to Rusin, this is the API Summit's experience in sharing information on best practices and improving the ease of doing business in divergent markets has consolidated its position as the main convener of African power actors.
"Each of these trends will be explored during the API Summit and their impact on real estate value chains in several jurisdictions. "
The main trends according to the report are summarized below (for more information, see the white paper):
THE UP TEN TENDENCIES Formatting A NEW CYCLE OF INVESTMENT (Https://bit.ly/2/110Njfr)
1: INCREASES TRANSPARENCY: From 6 to 15 countries included on JLL& # 39; Global Real Estate Transparency Index (GRETI)
2: MARKET FORMALIZATION: The rise of industry associations, Pan African events and awards
3: CAPITAL CITY MARKET GROWTH: Sustained growth of African countries REITs market
4: a Target And AFRICAN CENTRAL INVESTMENT STRATEGY: Rise of sectoral development and investment funds
5: THE INCREASING INFLUENCE OF AFRICA"S PENSION FUNDS SURE REAL GOODS: A local partner for the development of Africa
6: PUBLIC SECTOR SUPPORT: Making housing and construction an inclusive growth vector
7: PROPTECH: Preparing Africa's real estate assets for the future
8: GREEN DEVELOPMENT: Overcoming the challenges in electricity and infrastructure
9: INCREASING GLOBAL INTEREST: Stimulating returns in traditional markets
ten: INDIGENOUS DEVELOPERS: Opening a new future
For Teeroovengadum; Transparency, state-of-the-art technologies and green development play a vital role in solving traditional market problems characterized by a lack of funding and infrastructure.
"We must continue on the path of transparency because there is a correlation between transparency and foreign direct investment in the real estate sector."
And while the opportunity for PropTech is limited by the adoption, the application and the investment; Teerovengadum explains that many investors and developers consider the current proliferation of start-ups like telecommunications.
"The disruption can only be positive in the African real estate space, as we had seen in the telephone area 15 years ago."
Similarly, the rapid interest in green development is also quite practical since "we are seeing a growing number of developments exploiting solar energy," he said.
As one of more than 60 speakers from 35 international countries and Africa speaking to API This year, October 2-3 in Johannesburg, this year's theme, "Africa RE – Inspired," will allow investors across the continent to "come together and prepare for a new round of capital-driven investment." new and fresh, "says Rusin. .
Distributed by APO Group on behalf of API Events.
Media contact:
Murray Anderson
Head of Communication
API Events
[email protected]
+27 71 890 77 39
On the 10th API Mountain peak:
The Africa Real Estate Investment Summit (API) (https://www.APISummit.co.za/) is Africa's largest and most important real estate event.
In the last ten years, African Property Investment (APIThe Summit helped to formalize emerging real estate markets in Africa. During this period, the situation of investments on the continent has evolved, and today the divergent markets of Africa require dynamic and inspired business strategies that prioritize affordability, future demand, sustainability and inclusive economic growth. As we enter the next development cycle, the theme of this year's conference – Africa RE-Inspired – will reveal:
How African real estate markets have formalized over the last decade
What will be the impact of global real estate trends on its future?
How the case of African real estate investment compares with other emerging markets
Official link to the ten most prominent real estate trends in Africa; https://bit.ly/2/110Njfr
www.APISummit.co.za
Kevin Teeroovengadum Biography:
Kevin Teeroovengadum has a MBA and MSc. in finance. He worked for KPMG, Deloitte, Ernst & Young in finance and business consulting before moving on to Loita Capital Partners. Kevin joined Actis as a director in his real estate team in Africa. At Actis, he led the initiation of a number of new developments and participated in fundraising for Actis' second real estate fund. He has also led the sale of two major assets, the Accra Mall in Ghana and Capital Properties in Tanzania to foreign buyers, and set the benchmark for pricing for high quality goods in Africa.
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