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Momentum raises $50m for African Real Estate Fund

Earlier this year, Momentum GIM, in conjunction with Eris Property Group successfully closed the first tranche of its African Real Estate Fund with $50 million of institutional, family office and HNW investor capital. The fund intends to focus on the development of retail, commercial and light industrial real estate in sub Saharan Africa ex South Africa, offering […]

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Luanda has Africa’s Most Expensive Real Estate Market

New analysis from Knight Frank has shown that Luanda is Africa’s most expensive real estate market. The Africa Prime Rent Ranking, a component of Knight Frank’s 2015 Africa Report took a weighted average of rents across 35 African cities in the office, retail, industrial and residential sector. The resultant analysis puts Angola’s capital – Luanda on top, with Nigeria’s […]

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Opinion: 6 Challenges facing the Nigerian REIT Industry

Last month I attended a roundtable discussion organised by Stanbic on the Nigerian REIT (Real Estate Investment Trust) sector, where investors, stakeholders and regulators attempted to tackle the key problems currently being faced. The 3 discussions, ‘Asset Acquisition and Valuation Considerations’, ‘Creating Successful REITs’ and ‘Land Acquisitions and Physical Planning’ though very interesting, illustrated to me […]

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Access to 6 Years of Nigerian Real Estate Research Reports

estate intel has a new tool that provides access to Nigerian Real Estate Research Reports spanning across the Nigerian office, retail, residential, hospitality sector from service providers, consultants and stakeholders. Currently, there is access to over 30 reports (more soon) with data on the Nigerian real estate market going back to 2009. Many are focused on Lagos […]

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Nigeria Needs $350bn For Housing and Regional Development

A new blueprint for infrastructure development devised by the National Planning Commission, entitled the National Integrated Infrastructure Master Plan (NIIMP) estimates that $3tn will be required in the next 30 years to build and maintain adequate infrastructure supplies. This was noted in a government sponsored This Is Africa report on ambitious infrastructural plans from Africa’s largest economy. 11% ($350bn) of the $3tn will be […]

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Development: Accra Financial Center, Accra – Ghana

Name: Accra Financial Center Location: Downtown Accra Use: Mixed Use (Office and Retail) Size: Office – 13,700sqm. Retail – 314sqm Developer: RMB Westport Parking: 369 bays Anchor Tenant (Office): Agricultural Development Bank The Accra Financial Center is a mixed use development in downtown Accra that will be anchored by the Agricultural Development Bank. It is RMB Westport’s […]

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Africa’s Real Estate Investment Trust (REIT) Industry – Nigeria in Focus

Interest in the Nigerian REIT sector has grown significantly in recent months, the infographic below is our take on the African REIT sector with a focus on Nigeria.

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Spotlight on Private Equity and Real Estate in Nigeria

Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance. According to a joint research paper by the African Private Equity and Venture Capital Association and Ernst & Young, Africa’s PE strategic and operational improvement measures have returned 0.6x more than the MSCI Emerging Markets […]

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Research Note: Analysis of Nigeria’s Newest REIT

Here’s a short research note with a few thoughts on the new REIT, Haldane McCall Real Estate Investment Trust. Haldane McCall owns The Suru Group, a private limited company focused mainly on residential developments and the hospitality sector in Lagos. They have already commenced an initial public offering, which will be closing on the 14th of January next year. IPO Background & Strategy They are […]

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Development: Africa Square and Tower, Abuja

Located at the core of the new Centenary City, The Africa Square and Tower is a 308m mixed use development that will include residential and office elements. While the exact number of floors has not been provided specifically, there will be 46 floors of office space and 30 floors of luxury apartments. In total, the development should […]

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