South Africa-based property management company Atterbury has broken ground on ZAR6bn ($396m) Castle Gate mixed-use precinct in Pretoria, South Africa.
UK-based firm Turner & Townsend has been appointed to provide project management, contract administration and cost management services for the 336 units for the 256 Bella Vista apartments development in Uganda.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide $200m (£158.9m) in financing for the construction of City Centre Almaza, a new retail and entertainment centre in Egypt.
Radisson Hotel Group has signed an agreement with Cairo-based business partner Zaghloul Holdings for six new hotels in Egypt as part of a portfolio deal across several of its brands.
Transatlantic BDR (TBDR) and the Tema Metropolitan Assembly (TMA) backed by Ghana’s government have entered into a long-term structured partnership to develop a $6.5bn oceanfront leisure project in Tema.The project will include a 60,000-seat FIFA-certified football stadium along with commercial, retail and residential mixed-use accommodations targeting cross-border corporations and regional companies.It will also improve the ailing infrastructure of the region. Infrastructure investments will include new roadways, a light rail system expansion, renewable energy, and a 6G wireless communication network.TBDR CEO Uduak Udofia said: "This privately-funded partnership with the Ghana government marks an aggressive outlook taken by the part of officials to establish the country as an international destination, not just for leisure but for global qualified investors and entrepreneurs to participate in the region's fast-paced economic growth. TBDR is cultivating a diverse partner and investor base for optimal success.”