The net cost of development across the property ecosystem remains too high and unsustainable. The 2019 East Africa Property Investment (EAPI) Summit will provide a platform for the private and public sector to discuss means of reducing inputs, and the overall cost of doing business across the property value chain to create a more affordable and sustainable real estate sector. The two-day conference will focus on new development priorities such as affordable housing, infrastructure, warehousing, mixed-use, alternative asset classes and more.
Smart tech, alternative building technologies and the use of local materials and manufacturing such as pre-cast frames, in-situ systems are reducing costs, time and the environmental impact in the construction sector. These improvements are enabling faster, more efficient builds and long-term structural improvements within the local design and construction industry. In such a fast-evolving sector, this year’s EAPI Summit will explore how these new technologies as well as local skill and materials will provide the basis for a more sustainable and affordable property sector.
Creating opportunities for developers to access more cost-effective capital and deeper pools of funding is pivotal to accelerate and scale projects that are attractive and affordable to off-take partners and end-user purchasers. By expanding available capital solutions and discussing how best to innovate and attract new funding sources from both Private Equity, DFIs, pension and sovereign wealth funds – EAPI 2019 will provide a strategic platform for accessing new and emerging sources of capital for development projects across the property ecosystem.
Creating a framework for the private and public sector to discuss the best use of land, policy amendments and urban planning to drive the development of economically vibrant master planned communities is a priority for public and private sector stakeholders. Key focus areas to include mixed-use developments, unlocking of public land for development, removing planning and administrative bottlenecks to accelerate development timelines, and how to implement effective land use and development strategies.
Delegates and speakers will decode relevant building code amendments, Land Information Systems, and how to fast track proposals, as well as applications for the change of use, sub-division of properties and more. By addressing these challenges, the Summit will provide an opportunity and more conducive environment for developers to align their systems and projects to public-sector focal points.
The slow pace of development and provision of critically needed basic and bulk infrastructure services in the region has led to the practice of the developers funding their own infrastructure. However, these costs are unsustainable and have reduced affordability in the market, as these costs are ultimately transferred to the occupier and end-user. Due to the strategic impact and cost of infrastructure on the real estate sector and its ability to tilt the market, Infrastructure will be a significant focus for our public and private sector thought leaders in attendance.