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

Private Equity, REITs & Funds

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 […]
July 11, 2017
Abraaj Zero in on African Retail in Acquisition of Java House. Image Source. African Business Central

Abraaj Zero in on African Retail Sector through Java House Acquisition

Global emerging market private equity investor, Abraaj Group, has set sights on the African consumer and her retail sector through its agreement to purchase 100% of African coffee chain Java House from Founder Kevin Ashley and Emerging Capital Partners (ECP) earlier […]
June 29, 2017
This S&P 500 REIT Made $215m in Operating Revs from its Nigerian Assets in 2016. Image Source: American Tower Corporation

This S&P 500 REIT Made $215m in Operating Revs from its Nigerian Assets in 2016

The American Tower Corporation (ATC), an independent owner, operator and developer of multi-tenant communications real estate (cell towers) generated over $215m in operating revenues during 2016 from its towers owned in Nigeria, according to their 2016 year-end financial statements. The […]
June 8, 2017
Lagos Skyline. Image Source: Instagram - images by omidire

Here are the Challenges facing Nigerian REITs and the actions Regulators will take

The Nigerian Stock Exchange’s held its Inaugural Real Estate Investment Trust (REIT) conference in late May and stakeholders across various sectors came together once more to discuss the ways each stakeholder, from regulator to investor, will play their part in setting the Nigerian REIT sector […]