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New Construction: Malls, Hotels, Mixed-Use

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The construction of hotels, malls and mixed-use buildings is consistent with Africa’s rising middle class coupled with the lack of formal retail infrastructure. Africa’s middle class rose from 26 percent of the population (111 million) in 1980 to 34.3 percent (313 million) of the population in 313 million in 2010, according to the African Development Bank.

COUNTRY CONSTRUCTION PROJECT COST DEVELOPER/

INVESTMENT SOURCE

Botswana

Airport Junction Mall, Gaborone

$46 million

Eris Property Group (South Africa) & Botswana Insurance Fund Management (Bifm)

Botswana

Rail Park Mall, Gaborone

$39 million

Botswana Rail; Botswana Insurance Fund Management (Bifm)

Cameroon

* World Trade Center; Hotel, Douala;

* Cardiac Centre in Shisong, Kumbo

Italy

Ethiopia

ICT Park (Technopolis)

$45 million

China

Equatorial Guinea

Malabo City:  mixed-use development: hotels, residential property, shopping malls

$300 million

Imotec (Serbia)

Gabon

Radisson Okoume Palace Libreville Hotel

Carlson Rezidor Hotel Group (USA)

Ghana

State Tower Bloc

$63 milllion

China State Hualong Construction of Ghana Ltd.

Kenya ICT Park – Konza Technology City $9.6 billion Kenya government

Lesotho

Maseru Mall: fully-integrated shopping mall with public

transport facilities and other complementary commercial uses

$45.8 million

Eris Property Group, South Africa; Group Five Lesotho

Mauritius

Mall of Mauritius, Bagatelle

Atterbury Developments, (South Africa); ENL Proeprty (Mauritius)
Mozambique Park Inn by Radisson Tete Hotel; Radisson Blu Hotel Maputo Carlson Rezidor Hotel Group (USA)
Namibia Keetmanshoop Retail Center US9.8 million

Old Mutual (South Africa)

Nigeria Eko Atlantic City

$6 billion

Lagos State Government; South Energyx Nigeria Ltd.
Nigeria Park Inn by Radisson Abeokuta Carlson Rezidor Hotel Group (USA)
Nigeria * Protea Hotel Ibadan, Oyo State;

* Protea Hotel Select Emotan – Benin City, Edo State,

* Protea Hotel Select Ikeja, Alausa, Ikeja, Lagos

* African Pride Avalon Hotel and Spa, GRA Ikeja, Lagos

* Protea Hotel Asaba, Asaba, Delta State

Protea Hospitality Group (South Africa)

Nigeria Radisson Blu Anchorage Hotel, Lagos Carlson Rezidor Hotel Group (USA)
Rwanda Radisson Blu Hotel Kigali Carlson Rezidor Hotel Group (USA)
Senegal Radisson Blu Hotel, Dakar Carlson Rezidor Hotel Group (USA)
Sierra Leone Radisson Blu Mammy Yoko

Hotel, Freetown

Carlson Rezidor Hotel Group (USA)
Zambia Radisson Blu Hotel Lusaka Carlson Rezidor Hotel Group (USA)
Zambia Roma Park – residential and commercial development, Lusaka CPD Properties (Zambia) & Renaissance Partners (Russia)
Zambia Society House tower, Lusaka $100 million Private Zambian and  South African consortia
Zambia Levy Junction. mixed-use development $200 million

Liberty Life (South Africa)

Zimbabwe Mall of Zimbabwe at Millennium Park, Borrowdale West

$100 million

City of Harare; Augur Investments; McCormick Property Development; West Group

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