Beyond the policy challenges, the interview explores a sector in the midst of a structural evolution, driven by shifting tenant behaviours and the rise of decentralised, convenience-led suburban retail. Addressing the rising tide of foreclosures and “speculative development,” the discussion highlights the urgent need for professional valuation standards and consistent urban enforcement to protect long-term asset value. Despite these pressures, the CEO maintains an outlook of “cautious optimism,” identifying resilient growth opportunities in oil and gas, student housing, and affordable residential segments for the year ahead. As the year draws to a close, from your perspective as a CEO, how…
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It began with a phone call. Fresh from completing her Master’s degree in Real Estate at the University of Reading in the United Kingdom, Judy Rugasira was preparing to return…
As Knight Frank Uganda marks 25 years, how would you sum up what this milestone represents — for you as a leader, and for the legacy you’ve helped build? Twenty-five…
In the high-pressure corridors of corporate Uganda, where profit margins and shareholder returns dominate boardroom agendas, an unexpected theme is rising to the forefront of leadership: faith in God. Across…
How has faith influenced your leadership style at Knight Frank Uganda? My faith is the foundation of my leadership style – it shapes how I define success and how I…
Over the last 30 years, Knight Frank has dominated the real estate sector in Kampala and Uganda, by extension. This elite property firm offers valuation and consultancy services, residential and commercial agency, and property management. Over the years, Knight Frank has curved a niche market on which it has built a large commercial and residential agency portfolio that promises and offers satisfaction for both sole-occupant and multi-tenanted clients. However, behind this success the constant remains Mrs Kyanda, who, as managing director, has more than two decades propelled Knight Frank above the rest in a relatively fragile real estate sector that…
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Moses Dennis Lutalo, the Country Manager of Broll Uganda, a subsidiary of Broll Property Group, a pan-African commercial property services company, is in the eye of the storm following a court ruling that found that he helped his employer, Broll Uganda, to infringe on the moral rights to the copyright of an industry Retail Market Study Report by Knight Frank Uganda, his former employer. During his employment at Knight Frank, Lutalo had unrestricted access to the Retail Market Study Report, which included confidential information, such as details about upcoming commercial projects in Kampala. A year after Lutalo joined Broll, the…
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Acacia Mall one of Uganda’s prestigious and much sought-after malls has been sold. Alykhan Karmali’s Gulfstream Investments (U) Ltd, an investment vehicle through which he owned property, according to very knowledgeable sources, a while ago sold all its interests in Acacia Mall to Lexington Properties and is reportedly focusing on investing in the more lucrative and investor-friendly Dubai real estate market. Lexington Properties is a subsidiary company of the Sarrai Group- a conglomerate of diverse inter-related agro-manufacturing, cement, and foam mattresses as well as properties across East and Southern Africa. According to industry sources, Alykhan Karmali didn’t necessarily sell for…
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In the report released on January 13th 2023, covering the six months to December 2022, Knight Frank, observed that “2022 was a year of resilience, circumspection, and optimism” and that despite slow economic recovery dogged by local and international challenges, such as inflation, the Ukraine war and lag effects of Covid-19, there was some remarkable rebound in the real estate sector. “Across the different real estate sub-sectors, the post-pandemic recovery was optimistic, with demand and supply indicators pointing to positive growth on a year-on-year comparison,” the report said. CEO East Africa Magazine’s Muhereza Kyamutetera read the report and presents some…
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Judy Rugasira Kyanda, the Knight Frank Uganda Managing Director is many things— a trailblazing entrepreneur, an industry leader, a thought leader and a mother. She is one of Uganda’s foremost property management professionals, if not the best as well. Judy is also a commercially and technically savvy Chartered Surveyor, a member of the Royal Institute of Chartered Surveyors, a Fellow of the Institution of Surveyors of Uganda and a registered member of the Institute of Real Property Valuers in Rwanda. She holds a BSc (Hons) in Land Management, from the University of Reading, in the United Kingdom in 1995, she…
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