Lusaka conference to spotlight Zambia’s emerging real estate market
- The forum will facilitate networking opportunities for local partners to share ideas with international investors.
ZamReal Property Forum, a one-day forum designed to bring together local and regional real estate investors, will take place in Lusaka, the capital and largest city of Zambia on September 28, 2016, following a remarkable growth in real estate investment in the country.
With an average annual economic growth rate of 7 percent between 2010 and 2014, Zambia attracted substantial investment into the country's real estate sector over the last one year. In June 2016, Mara Delta, the largest pan-African multi-listed property fund, acquired a 50 percent stake in Zambia’s Cosmopolitan Mall from Rockcastle Global Real Estate Company Limited. Earlier in April, QG Africa Hotel LP, $500 million investment vehicle managed by QG Investments Africa Management Ltd – a member of the Quantum Global Group – acquired 100 percent interest in the InterContinental Hotel, Lusaka, for $36 million.
"We have seen numerous transactions over the last 12 months with companies such as Mara Delta, SA Corporate, Quantum Global, African Life, FQML and Primetime growing their portfolios in Zambia." said Kfir Rusin, General Manager of API Events.
The forum will facilitate networking opportunities for local partners to share ideas with international investors. Speakers and participants will be drawn from companies such as Heriot Properties, Pylos, Aflife, Knight Frank, Pam Golding, FNB Zambia, JLL, Sishima Holdings Limited, Liege, Novare, Jumia, FNC Legal, Profica, JHI, Thebe Investments, FQML, Mara Delta, Madison, Afritecam, Phatisa, Union Gold, among others.
“The country’s liberalised economy and well developed legal framework set Zambia apart from its neighbours,” said Mpangwe Mutwale, Commercial Property Finance Specialist at First National Bank, Zambia. “The holding of this forum in Zambia goes to underscore its attractiveness as an investment destination of choice in sub-Saharan Africa. The forum will be an excellent opportunity for investors to have a first experience of the Zambian retail market and for the country to market itself and attract foreign direct investment into the sector.”
The ZamReal Property Forum will take place at the Radisson Blu, Lusaka. Some of the key topics and sectors to be covered at the forum will include: The business of real estate in Zambia, retail opportunities, logistics, housing, infrastructure as well as discussions surrounding the growing commercial and office real estate sector.
“Retail development in Zambia will continue to flourish but I think it will evolve and opportunities will be in secondary cities and smaller nodes around Lusaka,” said Victor Sodala, CEO of Pylos Zambia, a real estate development firm. “Local investors, especially institutional investors, are also playing a key role in development and acquisitions.”
Most Popular News
- Details of President Muhammadu Buhari's "Budget of Change"
- Africa Internet Group rebrands online businesses to Jumia
- Nigeria’s inflation rises for second consecutive month to 11.44 per cent
- First Bank, Microsoft host capacity development summit for SMEs
- Flutterwave partners Visa to launch payment solution for Africa
- AFIG Funds acquires 29.9 per cent stake in NEM Insurance