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Global Real Estate

FirstRand Bank property unit raises N50b for property development in Nigeria, others

FirstRand Bank property unit raises N50b for property development in Nigeria, others

FirstRand Bank Ltd said the property unit of its investment banking arm has raised $203 million (about N50billion) for its Real Estate Development Fund (REDF) aimed at developing real estate assets in Nigeria and other West African countries. Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading South African corporate and investment bank and part of ...

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Swedish private housing sector accused of profiting from refugees

drop in property prices

Sweden is in the grip of a row over housing for refugees, with private accommodation providers accused of making fat profits while the country struggles to find beds for tens of thousands of asylum seekers before winter. Housing is so limited for record numbers of arrivals – 9,000 are arriving in Sweden every week – that the authorities are using ...

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Julien Studley, New York real estate pioneer dies at 88

Julien Studley, New York real estate pioneer dies at 88

Julien Studley, a pioneer in representing tenant interests in commercial real estate and the publisher of a ground-breaking report about New York property, has died, his former company said. He was 88. Studley arrived in New York at 16 following a time in Cuba after his family fled his native Belgium ahead of advancing Nazi troops. He served in the ...

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The World’s Largest Refugee Camp

Refugee camp

Dabaab a region in East-Africa plays host to the largest convergence of refugees in the world. The largest Refugee camp is on the spotlight in this article. Dadaab is a semi-arid town in Garissa County, Kenya. It is the site of a large UNHCR base hosting 350,000 people in five camps as of May 2015. In 2013, the governments of ...

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Britons buying a fifth of all Spanish property sold to foreigners

Britons buying a fifth of all Spanish property sold to foreigners

Britons are buying a fifth of all Spanish property sold to foreigners, as moribund prices and a strong pound make holiday homes in the sun more appealing. According to new figures released by the Spanish land registry, Britons, more than any other nationality, are taking advantage of a combination of favourable economic factors. The euro has fallen from about 80p ...

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Are Dams More Beneficial Than Detrimental To Man?

Dams

Dams are barriers across flowing water that obstructs, directs or slows down the flow, often creating a reservoir, lake or impediments. Water is a critical natural resource. Without it, life could not exist and people could not survive. For more than 5000 years, dams have provided people with reliable sources of water for their survival. Most dams have a section ...

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Mövenpick Signs Hotels in Nigeria, Kenya and Cote D’Ivoire

Mövenpick Signs Hotels in Kenya, Nigeria and Cote D’Ivoire

Mövenpick Hotels & Resorts will debut in three new African markets over the next four years as its plans to establish a presence in key cities across the continent’s thriving Sub-Saharan region come to fruition. In a move that will take its Africa portfolio to 28 properties strong, the expansionist Swiss hospitality brand will open three upscale hotels across Kenya ...

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Definition of African Middle Class: a Ghanaian Perspective

Definition of African Middle Class

A recent BBC Africa Debate saw a number of Ghanaian entrepreneurs, leaders and members of the public discuss the definition of the middle class in the country. How do you define an African Middle Class? According to the African Development Bank (AfDB), 46% of Ghanaians are now classified as middle class compared to a continent-wide average of 34.3%. The debate, ...

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Melbourne is Most Livable City in the World!

Most Livable City in the World

Melbourne, Australia, is the most livable city in the world, at least based on a complex formula devised by the Economist Magazine. Melbourne? What is Nigeria ranked?   Melbourne beat out Vienna and perennial winner Vancouver, primarily based on its infrastructure. The city also attracted top marks for health care and education. Eight of the top 10 cities are in ...

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