Private Equity, REITs & Funds – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Private Equity, REITs & Funds

November 23, 2017
Image Source: estatelinks.net

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 […]
October 30, 2017

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 […]
October 1, 2017

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 […]
August 17, 2017
Ikeja City Mall. Image Source: RMB Westport

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 […]
August 14, 2017
Ajah Flyover Bridge. Image Source: Lagos State

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 […]
August 14, 2017
A.P Moller Raises $550bn for Africa Infrastructure Fund and Targets $1bn in 12 months. Image Source: Instagram - imagesbyomidire

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 […]
August 7, 2017

Real Estate Investment Vehicles Among New Industries Added to Pioneer List

The Federal Government has lifted the administrative suspension on processing Pioneer Status Incentives (PSI) applications and has announced the release of new guidelines for PSI applications as well as a revamped list of pioneer industries and products. Included in the new […]
July 18, 2017
FMDQ lists the pioneer Infrastructure Debt Fund in Nigeria. L-R Bola Onadele; Kemi Awodein; Wale Edun; Uju Irukwu; Bolaji Balogun; Phil Southwell. Image Source: Chapel Hill Denham

Flagship Infrastructure Debt Fund Lists on FMDQ OTC Exchange

Subsequent to receiving required approvals from the Securities and Exchange Commission, Chapel Hill Denham Management has registered and established the Nigeria Infrastructure Debt Fund (NDIF) ₦200bn Issuance Programme. The first series under this issuance programme (Series I: 49,450,000 units of […]