Some countries are seeing rapid GDP growth – Angola alone will see a 20% rise in GDP this year – but infrastructure problems, and even the lack of basic property title hamper the development process.
"These are shark-infested waters," and not for the impatient says Mike Flax, executive director of Madison Property Fund Managers, Roggebaai, South Africa, which has invested in Angola and Namibia, and is looking at Nigeria. "But we hope that Africa is the true El Dorado."
Investors are slowly moving into the region. While South Africa has had a sophisticated shopping center industry for decades, the format is now being seen in Angola, Namibia, Botswana and elsewhere. Still, there are numerous obstacles, most particularly the lack of reliable market data.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
