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- Title
Shakeup in Southern Africa.
- Authors
Oirere, Shem
- Abstract
Zambia's real estate investor, Real Estate Investments Zambia Plc (REIZ), has acquired three commercial properties in the country's capital, Lusaka. The acquisition includes two malls and a shopping center, all falling within the medium- and low-rise buildings category. The properties are located in highly desirable locations known for their growth potential and strong rental demand. The acquisition is expected to contribute significantly to REIZ's overall financial performance and portfolio diversification. The deal is subject to shareholder and regulatory approvals.
- Subjects
AFRICA; PORTFOLIO diversification; REAL estate investment; DEPRECIATION; REAL estate business; REAL property; U.S. dollar; COMMERCIAL real estate management; RETAIL industry
- Publication
Elevator World, 2024, Vol 72, Issue 1, p110
- ISSN
0013-6158
- Publication type
Article