Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala.The Aponye Complex, a 5,000 sqm mixed-use development which comprises of retail, commercial and hospitality, is set to redefine shopping and leisure in Ntinda, an established suburban node with a fast-growing middle-class segment within its population.Tenants at the five-storey development, include Equity Bank, Menlyn Restaurant, Heritage Salon, and more. The Aponye Complex boasts a set of fully furnished apartments to serve the growing demand for convenient and comfortable hospitality for both short and long…
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Knight Frank Uganda, a commercial and residential agent in Kampala with one of the largest residential agency portfolio of any Ugandan-based estate agency has predicted that with the reopening of the night economy, Uganda’s real estate industry will again boom. Uganda’s night economy which has been on the Covid-19 shutdown for close to two years was allowed to re-operate on Monday, January 24, 2022. Speaking to the press Monday during the release of the Kampala market performance review for the second half of 2021, experts from the Knight Frank Uganda said the retail sector had dropped by 12% due to…
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Land ownership is an important aspect of real estate investment. What land tenure system favours or disfavours real estate investment? What should one consider before acquiring land? There are various land tenure systems— namely customary, freehold, mailo and leasehold. It depends on the tenure that you currently have or the one you are interested in buying. Before you venture into any real estate investment or any property investment, it is prudent to do your due diligence. At the pre-purchase stage, you need to identify the land or property you want to develop, then do your due diligence― for example, location,…
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Renowned real estate magnate Dr. Sudhir Ruparelia of the Ruparelia Group will tomorrow give a lecture on how to run real estate business. The businessman whose Meera Investments Ltd is arguably the largest developer of commercial and residential space, with over four hundred properties in Uganda, will be speaking about the topic: “Real estate as a business ―how is it different from simply owning a real estate? He will be speaking at the Uganda Revenue Authority (URA) organised virtual “E-Bomba Ya Business Summit” that will be broadcast on Zoom, URA TV, BABA TV and BBS Terefayina. The summit is being…
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Although the economy is slowly unravelling from the effects of the Covid-19 lockdowns that characterised much of H1 2020, the property sector is yet to pick up and is still reeling from the drag-on effects on both the demand and supply side across all the four sub-sectors of the industry. This is according to the Knight Frank H2 2020 Kampala Market Update Report which reveals that the property market that is still pressed by Covid-19. The H2 2020 report provides an analysis and outlook into the performance of the Office, Residential, Retail, Valuations, and Industrial property sectors from July –…
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By Judy R. Kyanda We are now nearly 6 months into the Covid-19 pandemic and after Lockdown. What a roller coaster of a journey it has been, and it is not over yet! The reality is that we have all come to terms with the fact that Covid-19 is real, and we need to take all necessary precautions to stay safe. We are now firmly in Phase 2 of the greatest global workplace experiment: the phase whereby some workers are returning to offices of reduced capacity while many others are continuing to work remotely. This diverse and distributed work style…
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Broll Property Group (Mauritius) Ltd has relinquished a 40 per cent stake in Broll Uganda, its Ugandan subsidiary. Speaking to Daily Monitor, Uganda’s leading independent daily, Moses Dennis Lutalo, the Broll Uganda Country Manager, confirmed the move. “In the next two weeks we will announce who will acquire the 40 per cent stake of Broll,” he told Daily Monitor, without saying who the new shareholders will be or the terms of the deal. He also separately told this writer that indeed a local company would acquire the 40 percent shareholding in their Ugandan unit. “We have local shareholders, it’s…
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Knight Frank Uganda, the leading property consultancy firm last week released their H1 2020 Kampala Market Performance Review and Outlook report, giving a more detailed insight into the property market since Covid-19 made a landfall in Uganda towards the end of March 2020. The report provides Uganda’s most authoritative insights on the office, retail, residential, and industrial sectors and is probably the only of its kind to date. In light of the working from home phenomenon that was necessitated by the Covid-19 measures instituted by the government, the H1 2020 report has been enriched with a market survey on what…
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Knight Frank Uganda, the leading property consultancy firm will this Friday release their H1 2020 Kampala Market Performance Review and Outlook report giving a more detailed insight into the property since Covid-19 made a landfall in Uganda in March 2020. In a media statement released by the company, the bi-annual report “discusses the Covid -19 pandemic, and the impact on the Kampala property market” especially as “businesses emerge out of lockdown and re-occupy offices and as shopping malls open for trade again.” “We also conducted a market sentiment survey on the future of commercial office space post lockdown and during…
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After nearly 2 months of lockdown, the euphoria building up within the city as they anticipate partial easing is tangible. We stopped moving, kept quiet, crouched down, and listened to see where the noise was coming from, and have ascertained some very useful information, which has enabled His Excellency the president to consider partial easing of the lockdown- a very useful analogy to be applied in life moving on. Amidst the euphoria, however, are many questions which don’t seem to have firm answers, and we are all trying as best as we can to look into the future and sketch…
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