Leading Pan-African Professional Real Estate Services Provider Broll Property Group will present its much anticipated market outlook at the Eighth Annual East African Real Estate Investment (EAPI) Summit from July 5 to 9. Broll is a long-time sponsor of Africa Property Investment (API) Events, the event platform and opinion leader in African real estate. With a presence in more than 16 countries, the Group is at the forefront of shaping the nascent real estate industry in East Africa using the EAPI platform for sharing ideas from more mature real estate markets.
“The entry of new, more sophisticated investors into the real estate sector means that all players must broaden their offering and invest in proptech if they are to remain relevant and create real value for their clients, especially in the management field. real estate and facilities. and the rental and management of retail businesses ”, reveals Moses Lutalo, Managing Director of Broll Uganda.
Another highlight will be a research presentation, co-sponsored by API Events, on attracting investment in the affordable housing sector in Kenya. This will be co-presented by Jess cleland, COO Outside of SA, Valuations & Intel, and Viviane Ombwayo, Director of Research and Evaluation at Broll Kenya.
A long-standing sponsor of EAPI, Broll Uganda has been active in the real estate market in that country for approximately five years. Its primary focus is occupant services, facilities management, property management, brokerage, retail leasing and management, and advisory and consultancy services. “Opportunities abound within the occupant service space, ranging from asset management to property management as well as project management as businesses strive to optimize their real estate assets,” comments Lutalo.
Opportunities also exist in traditional service lines such as facilities management for new niche asset classes like data centers, health centers and student housing etc. Another driver is the implementation of new workplace protocols due to the ongoing Covid-19 pandemic and, more importantly, the adoption of the IFRS 16 accounting standards. The International Accounting Standards Board (IASB) recently proposed an extension of the period of application of the amendment to IFRS 16 to help tenants account for rent concessions related to Covid-19.
At the end of June, the Ugandan president Yoweri Museveni placed the country under lockdown in the face of an unprecedented rise in Covid-19 infections and deaths from the Delta variant. “We had started to see activity in commercial, retail and residential office spaces, mainly through the signing of key partnership agreements for the development of oil pipelines and gas,” notes Lutalo.
Broll Property Group has developed over the years its ability to serve the major oil and gas players from the point of view of risk management and facility management, as well as real estate services supported by its sector orientation. ISO certifications and past experiences. “We believe Broll will be a service provider of choice for key players in this important industry,” adds Lutalo.
The warehouse and distribution center space for owner occupancy had also increased significantly and the stalled project had started again. The demand for expert housing had chosen as well as the needs for office space. “All of this will obviously slow down as a result of the new foreclosure measures, but my presentation will give some perspective on what the future holds, especially as Broll’s strategy is to be forward-looking and focused. on the future beyond Covid-19. “
For more information on EAPI Summit, visit www.EAPISummit.com.
Distributed by APO Group on behalf of Broll Uganda.
Notes to editor:
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About the Broll real estate group:
The Broll Property Group is the proudest South African independent commercial real estate services company. With a presence across Africa, we deliver high-performance solutions based on a culture of innovation, distinguished by service excellence and long-standing customer relationships – which is why we are recognized as ” real estate progressives ”.
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