CT summit showcases African real estate

Cape Town - Kigali, Lusaka and Dar es Salaam are open for business and are showcasing their future land and development plans at the African Real Estate Summit in Cape Town from November 2 to 3 2016.

“We passionately believe that Africa is a continent of opportunity. With improving economies, rising populations, rapid rates of urbanisation and burgeoning middle classes, some African cities are expected to grow between 70% to 100% in the next 15 years,” according to Jean-Pierre Elong Mbassi, secretary general of the United Cities and Local Governments of Africa (UCLG).

The UCLG Africa is the patron of the upcoming African Real Estate Summit in Cape Town - an international platform that will bring together the full spectrum of the continent’s real estate sector.

The summit will assist African cities and governments in securing new international investment for economic development based around commercial real estate and infrastructure projects that will contribute to Urban Development Plans (UPDs).

“it is our hope that the African Real Estate Summit can help African cities and local governments highlight the need for quality commercial and residential real estate that this growth creates," said Mbassi.