Real estate remains most preferred asset for investment across the continent, says Knight Frank report

Knight Frank Kenya Managing Director Ben Woodhams, Head of Marketing Mwihoti M’Mbijjewe and Knight Frank Wealth Report Editor Andrew Shirley during the launch of The Wealth Report in Kenya. [Wilberforce Okwiri, Standard]

Properties used by manufacturing and production industries recorded the highest yields in Africa, growing at a 12 per cent average.

According to a study by Knight Frank, the growth in the industrial sector based real estate is despite the industry being “relatively undersupplied” amid an increase in demand due to various economic diversification initiatives adopted by governments in the continent.