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Actis raise over $500m for 3rd African Real Estate Fund

Actis has closed its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (ARE3) with commitments totalling more than $500m, exceeding its original $400m target. The fund has a diverse investor base, including pension funds, sovereign wealth funds, development finance institutions and endowments from Africa, Asia, Europe and North America. Fundraising for the fund was […]

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General Electric Africa, Mara Group and Atlas Merchant Capital Partner to address infrastructure challenges in Africa

Three international firms have partnered to help address infrastructure challenges in Africa through investments in equity projects. The firms, General Electric Africa (GE), Mara Group and Atlas Merchant Capital, will invest in infrastructure projects including energy, rail, among others, in a quest to stimulate the continent’s economic potential through infrastructure development. GE Africa President Jay […]

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Rand Merchant Holdings Invests 25.01% in Atterbury

Rand Merchant Holdings (RMH) has announced that it will be making a 25.01% investment into leading property development company, Atterbury. This acquisition will see Atterbury become RMH’s key development partner in its core portfolio, which will target the more traditional and larger areas of South African property (principally office, retail and industrial). To supplement this core portfolio, the RMH property […]

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Investec Asset Management appointed to run $670m Emerging Africa Infrastructure Fund

Investec Asset Management recently announced that it has been appointed to manage the ~US $670 million Emerging Africa Infrastructure Fund (EAIF), a public-private partnership anchored by the governments of the United Kingdom, The Netherlands, Sweden and Switzerland. This announcement further deepens Investec Asset Management’s pan-African investment expertise and follows the recent launch of the Growthpoint […]

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Attacq and Attebury Open R4.9b ($343m) Mall of Africa

In late April, Mall of Africa, a 131,000m2 super-regional mall located in Waterfall City in Gauteng (South Africa) was opened by Attacq Limited and Attebury Property Developments. Construction started nearly three-and-a-half years ago in October 2012 and it was officially opened on April 28th during a select breakfast opening ceremony, with a larger scale mall launch celebration planned […]

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Quantum Global Group Announces Regional Expansion Plans in Africa

Quantum Global Group (Quantum Global), an investment firm focusing on Africa, has announced expansion plans across the Middle East and Africa region. The firm will establish offices in key markets to increase investor access to the vast development potential through funds registered in Mauritius. The funds are setup to target high growth industry sectors in […]

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Kenya set to get 2nd REIT

A month after Fusion Capital received approval from Kenya’s Capital Markets Authority to launch their D-REITs (Development Real Estate Investment Trust), the Nairobi Stock Exchange is set to list its 2nd REIT.  The nod from the regulator allows it to facilitate the issue and eventual listing of a commercial D-REIT with a minimum value of Sh1.15 […]

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Radisson Blu Opens at Abidjan Airport in Côte D’Ivoire

The Rezidor Hotel Group has unveiled a new 261-room Radisson Blu Hotel at Abidjan Airport. The hotel is located about 500 meters from Port Bouet Airport also known as Félix-Houphouët-Boigny International Airport and offers suites and meeting facilities. Abidjan is the largest city in Côte D’Ivoire and the third-largest French-speaking city in the world, after Paris and […]

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QG Africa Hotel LP acquires InterContinental Hotel in Lusaka, Zambia for $35.9 million

QG Africa Hotel LP has acquired 100% interest in the 244-room InterContinental Hotel Lusaka in Zambia from Kingdom Hotel Investments for a gross consideration of USD $35.9 million. This acquisition values each room at $147,000. The buyer is a USD $500 million Mauritius-based fund that aims to capitalize on the emerging opportunities in the hospitality sector. As a long-term direct […]

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Eris and Momentum Allocate over $308m to West African Real Estate Investments

Momentum and Eris Property Group have allocated over $308 million for real estate investments in West Africa during the 1st Quarter of 2016. The Momentum Africa Real Estate Fund, which is targeting an 18% minimum return over its eight year life, has confirmed that they will be making two investments in Ghana and two investments in Nigeria. The fund […]

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