🇳🇦NamibiaSouthern Africa
Windhoek commercial and industrial building approvals surge in February
via The Namibian9 hours ago1 min read
Windhoek saw an increase in approved commercial and industrial building plans in February compared to the same period last year, indicating improved developer confidence. According to IJG Securities' February report, building activity has significantly improved after a slow start to the year. The report highlights a sharp monthly increase in both the number and value of approved building plans, suggesting renewed developer confidence, with higher completion values indicating better construction follow-through. While residential construction accounts for most building plan approvals and completions, seven commercial and industrial building plans were approved in February, and one was completed. This is an improvement from February 2025, which recorded zero approvals and completions in this sector. Consistent with previous months, most construction activity in the capital involves additions to existing properties, with N$54 million worth of property additions approved and 13 projects finalized in February.
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Original source
This summary was AI-generated from a story originally published by The Namibian.
