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Redefine Will Dispose of Pivotal’s African Assets including The Wings Towers in Lagos

Redefine Properties Ltd recently agreed to acquire The Pivotal Fund for R6.1bn ($425m), however the fund, which is also South Africa’s second-largest REIT, is planning to dispose of Pivotal’s African assets in countries like Nigeria where they own 37.1% of an office development called The Wings. In a statement released by Redefine Properties, they explained that: Pivotal’s African assets […]

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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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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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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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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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GIC Invests in Africa through Actis and RMB Westport

The Government of Singapore Investment Corporation (GIC) has made its initial commitment to African real estate with its investments in two of the region’s largest firms; Actis and RMB Westport. According to an exclusive release from PERE, the Singaporean sovereign wealth fund whose real estate division is considered aggressive compared to other sovereign wealth funds […]

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Nigeria’s Ikeja City Mall Sold to Hyprop and Attacq

Investors in Ikeja City Mall, Actis, RMB Westport and Paragon Holdings announced the sale of their 22,000m² retail asset to South African Real Estate Investment Trust (REIT), Hyprop and Attacq, a JSE-listed real estate capital growth fund. The sale follows Actis’ strategy, which is hinged on de-risking investments and delivering prime income producing Grade A property assets with bond like characteristics […]

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Stanlib Kenya in $120m Real Estate Investment Trust IPO

Stanlib Kenya Ltd. intends on raising up to $120m (12.5 billion Shillings) before November for the initial public offering (IPO) of what will be Kenya’s flagship Real Estate Investment Trust (REIT). Fahari I-REIT will be listed on the Nairobi Stock Exchange and SBG Securities, owned by the Standard Bank Group Ltd. will be the bookrunner for the IPO. […]

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