JLL ‘still very bullish’ about hotel development in Africa

Sinenhlanhla Sithomo from Investec Life weighs in on buying versus renting in the current economic climate, saying ‘you pay either way’ – and highlighting what to be aware of.

Rating the precinct as one of SA’s most successful public-private partnership models, the CEO of the Cape Town trophy asset adds: ‘For both the PIC and Growthpoint, this is arguably their most successful investment in property.’

Charles Thompson, the founder and MD of Devmco Group, says the broader mega mixed-use development zone north of Umhlanga, including across the M4 roadway, is still anticipated to realise around R50 billion in new development over a 20- to 25-year period, making it one of the fastest-developing property nodes in SA.

Karim Cheltout, senior vice president of development for the Middle East & Africa at the world's largest hotel group, shares insights on Marriott’s expansion plans on the continent, including into the safari or game lodges space.

John Loos, senior economist at FNB Commercial Property Finance, shares insights on what’s behind the better expectations for the office property sector over the next few years.