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A.P. Moller Capital reaches $865m in commitments for its Africa Infrastructure Fund

With fresh committments from Danish pension funds and insurance companies, A.P. Moller Capital’s Africa Infrastructure Fund has had its 2nd close with total commitments now reaching USD 865m. The fund was launched in August 2017 with commitments of USD $550 million from large Danish pension fund anchor investors including PKA, PensionDanmark and Lægernes Pension. It also received […]


Standard Chartered reaches provisional agreement to sell Real Estate unit to Actis

Standard Chartered’s Chief Financial Officer Andy Harold told Reuters last week that the bank has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis. In November 2017, it was reported that the two companies were in talks over a possible sale of the business, with approximately $700 million in […]


Union Bank’s property subsidiary has been listed on the NASD OTC Market

UBN Property Company Plc, a Union Bank of Nigeria subsidiary, has now been listed on the NASD following its approval to trade on the OTC Market. There are currently 5,626,416,050 UBN Property Company shares listed at ₦2 each, giving the company a market cap of ₦11,252,832,100. According to ProShare, the security was introduced by Equity Capital Solutions Limited by […]


Mortgage Warehouse Funding Limited to issue ₦20Billion Commercial Paper

In November 2017, FMDQ approved the registration of the ₦20.00 billion Mortgage Warehouse Funding Limited (MWFL) Commercial Paper (CP) Programme to the platform of the OTC Exchange. The MWFL initiative was created with the objective of providing short-term viable funding to listed member mortgage banks. It will provide short term financing through the issuance of […]


Maryland Mall Receives $12.5m in funding from Vantage Capital

Earlier this week Vantage Capital announced that it provided $12.5 million of funding to Purple Capital, the developers of Maryland Mall. According to Purple Capital, the new capital will enable them ‘reset, consolidate and gear up for exciting opportunities in the future’. Maryland Mall is a 6,000m² neighbourhood shopping centre in Maryland, Ikeja that has been […]


Old Mutual Launches 3rd International Private Equity Fund of Fund with $300m Target

Old Mutual Alternative Investments (OMAI), Africa’s largest alternative investment manager, is launching its third International Private Equity Fund of Funds (International FoF III) with a target size of US$300 million. The fund will be open to new investors for up to 30 months and will run for 12 years after the initial closing date, plus a […]


East African Asset Manager Receives Kenya’s 3rd REIT License

Kenya’s capital market regulator has granted the asset management subsidiary of Britam Holdings Plc (Britam) a license that enables them operate a Real Estate Investment Trust. Britam is a diversified financial services group with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group has interests in the insurance, asset management and property […]


Co-Owner of Ikeja City Mall Plans to Convert to REIT by 2018

Attacq, co-owners of Ikeja City Mall in Lagos – Nigeria, have commenced the process of aligning their existing portfolio to their long-term strategy as they prepare to convert into a Real Estate Investment Trust. As reported by South African news outlet Business Daily, the investment strategy will on focus Midrand in South Africa, the rest […]


Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

The Lagos State Government has announced the closure of the N85,140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State. Commissioner for Finance, Mr. Akinyemi Ashade in a statement, said the Bond was issued in two tranches of N46,370,000,000 16.75% Tranche 1 maturing August 2024 and the N38,770,000,000 17.25% Tranche […]


A.P Moller Raises $550m for Africa Infrastructure Fund and Targets $1bn in 12 months

A.P. Moller Holding, a privately held investments company with approximately $20bn under management has launched a new infrastructure fund with a focus on Africa. The fund has received commitments of $550m from large Danish pension fund anchor investors including PKA, PensionDanmark and Lægernes Pension. Following first commitments, the fund will be open for additional institutional investors for […]


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