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Growthpoint and Investec Asset Management Announce Pan-African Real Estate Investment Strategy

Growthpoint Properties and Investec Asset Management recently announced that they have entered into a joint venture agreement, which in partnership with IFC, will seek to establish and grow a significant diversified pan-African real estate investment business. Growthpoint Properties, Africa’s largest REIT (real estate investment trust) will invest an initial $50 million into the vehicle, with IFC also […]

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CBN to Ease FOREX Restrictions in the Long Term

Vice President Yemi Osibanjo told Reuters on Saturday that restrictions placed by the Central Bank of Nigeria to defend the weakened Naira are definitely short term. The Naira has faced significant pressure over the past 12 months amid low crude oil prices and reduced dollar earnings. After two currency devaluations, the CBN went on to place capital controls on bank […]

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Momentum Africa Real Estate Fund reaches $150 million

Momentum’s Africa Real Estate Fund has successfully raised $150m at its second close in August 2015. The Fund intends to focus on the development of retail, commercial and light industrial real estate in sub-Saharan Africa ex. South Africa. Warren Schultze, CEO of Eris Property Group, the fund’s investment advisors stated that they are currently reviewing projects in Mauritius, Ghana, Mozambique, Nigeria, Rwanda […]

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Introducing the ei African Real Estate Fund Universe

estate intel is pleased to introduce the ei African Real Estate Fund Universe, a tool that provides access to a growing list of international and domestic property funds seeking to invest in African real estate. The total value of funds shown on the Fund Universe is currently up to $2b. Fund closure date, investments made and more […]

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Lagos keeps getting more expensive for Expats

New analysis from Mercer has indicated that Lagos is the 20th most expensive city for expats globally. Results from the 2015 Cost of Living Rankings showed that Lagos moved up 5 places from its 25th position in 2014, and 11 places from its 36th position in 2013. Abuja was also on the list at #35, having moved up 1 place when compared to 2014. […]

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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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TPG-backed DTZ buys Cushman & Wakefield for $2bn

In a deal that will change the global real estate service landscape, DTZ, backed by TPG capital will acquire Cushman & Wakefield (C&W) for $2bn. The definitive agreement to merge the two companies will see them operate under the Cushman & Wakefield brand and serve as tough competition for the top two real estate service providers globally – JLL and CBRE. In […]

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New Deal Could Combine DTZ with Cushman & Wakefield

TPG Capital, a private investment company is close to a $2 billion acquisition of global real estate service firm Cushman and Wakefield (C&W) from its owners Exor, as Bloomberg reported last week. This deal could mean the combination of C&W, the largest privately held real estate company globally with DTZ, a top three global commercial real estate services […]

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SEC Nigeria is preparing capital markets for an era of securitization

SEC Nigeria is laying the fundamental groundwork to begin an era of securatization in Nigerian capital markets. The new rules, shown in a circular released on the 7th of April were created to allow for the process of transforming an asset or a group of assets into securities through financial engineering. These rules also provided the definition of terms, the structure, […]

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What a Buhari win means for Nigeria’s economy

On the eve of the election of General Muhammadu Bahuri as the next President of Federal Republic of Nigeria, Yvonne Mhango, the Sub-Saharan Africa Economist at Renaissance Capital published an analysis of what his appointment could mean for the country on How We Made It In Africa. It touches on implications to the macro economy, potential challenges that may be faced, […]

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