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As the name implies, NoMad – or North of Madison Square Park – is anchored by some 6.2 acres of beautifully landscaped green space. Spanning several blocks in the mid to upper 20s, the area is a mix of pre-war and modern commercial and residential buildings, including the Empire State Building, as well as some of the top-rated restaurants in the city.

Following an increase in the number of detections of avian influenza (bird flu) in wild birds and on commercial premises, the Chief Veterinary Officers from England, Scotland and Wales have declared an Avian Influenza Prevention Zone (AIPZ) across Great Britain to mitigate the risk of the disease spreading amongst poultry and captive birds.

Attracting meaningful volumes of institutional capital into Africa continues to prove challenging and recent global macroeconomic events appear to be hampering matters further. Indeed, total cross-border investment in African commercial real estate stood at US$ 274 million in 2021, down 49% from 2020 and 54% lower than 2019 figures.

An overview of key economic and financial metrics.

The commercial and residential markets face a resilience test amid various macroeconomic risks. Inflationary pressures from the removal of petrol subsidies and the floating of the Naira have introduced economic uncertainties. Elevated capital costs have ensued, with the residential, retail and office markets being marked by a slowdown in requirements.

An overview of key economic and financial metrics.

An overview of key economic and financial metrics.

An overview of key economic and financial metrics.

An overview of key economic and financial metrics.