28 September 2017
London
Reporter: Theo Andrew

Local partnerships key to unlocking West African real estate market


Developing local partnerships at all levels of investment is needed to mitigate risk, attendees heard at the Second West Africa Real Estate Investor Forum in London.

At the conference, panellists discussed how to best manage risk in African development.

One panellist Phil Bonds, director of urban design at Broadway Maylan, said: “It’s best to work in very close local partnerships, and the [local party] needs a full stake in the operations.”

According to the a report by DLA Piper and CBRE, Real Estate Investment in Africa, which looks into real estate investment in the continent, foreign investors are unwilling to venture away from the ‘western mentality’.

Another panellist, Mark Whyte, senior partner at Control Risks, suggested: “Long-term sustainable development is key for the future”, Whyte added.

Delegates at the conference also heard how the continent needs more infrastructure investment in order for real progress to be made in real estate development.

On the subject, Bonds said: “It’s a country bereft of infrastructure … the world is realising how infrastructure can help countries to reform.”

According to the DLA Piper and CBRE report, infrastructure problems, including power and telecoms, are ‘critical’ for future commercial and residential developments in the continent.

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion