Real Estate Investor Magazine South Africa November 2016 | Page 49

OFFSHORE

BOLAJI EDU

CEO
According to Broll Nigeria, retail landlords have
had to offer rental concessions in order to retain
tenants in Nigeria and falling commodity prices,
coupled with the depreciation of the naira,
have contributed to the reduction of Nigeria’s
attractiveness as an investment destination in
general.

www.reimag.co.za

MICHAEL GEORGIOU

DEVELOPER
Accelerate Property Fund will acquire a portfolio
of nine well-located retail warehouse properties
tenanted by Germany-based do-it-yourself
retailer OBI for €82.1-million.
The deal for the properties – six in Austria
and three inSlovakia – would be carried out
in a blended acquisition yield of 7% based on
contractual rentals.

NORBERT SASS

Developer
GROWTHPOINT Properties’ exposure to rand
hedge sister company, Growthpoint Properties
Australia continues to pay off, as the fund
recorded distribution growth of 6% for its full
year to June 2016.

NOVEMBER 2016 SA Real Estate Investor

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