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

Private Equity, REITs & Funds

April 23, 2017
#EAPI2017. The 2017 East African Property Investment Summit at Radisson Blu, Upper Hill, Nairobi - Kenya.

#EAPI2017: These are Rwanda and Kenya’s Plans to jumpstart East African REITs

Following our publication on the East African Listed property sector in the run up to the East African Property Investment Summit, we sat in on an engaging discussion with key stakeholders in the East African REIT sector. The panel was […]
April 13, 2017
Atlantic House, Victoria Island, Lagos - Nigeria.

Sanlam Africa Core Real Estate Investments reports FY Pre-tax Profit of $3.7m

For the year ended December 2016, Sanlam Africa Core Real Estate Investments Ltd (SACREIL) reported a profit before tax of $3.8m, a significant improvement from the loss of $2.2m reported in the previous reporting period. SACREIL is listed on the Stock Exchange […]
April 12, 2017

Mixta Real Estate PLC to List First Real Estate Bond on FMDQ OTC Exchange

Last month, the Board Listings, Markets and Technology Committee of FMDQ OTC Securities Exchange approved the listing of the Mixta Real Estate PLC ₦4.50bn Series One 5-Year 17.00% Fixed Rate Senior Guaranteed Bond (the Mixta Bond) under a ₦30.00bn Medium […]
April 12, 2017
Proposed Assets for Top Services Limited's ₦20bn Real Estate Investment Trust that was recently approved by NSE

Proposed Changes to Nigerian REIT Trading Framework

The Nigerian Stock Exchange (NSE) has published proposed changes to the framework regarding the trading of Real Esta​te Investment Trusts (REITs); and Closed End Funds listed on The Exchange. While there are still many other issues that need to be resolved […]
April 8, 2017
The Union by MAREF, West Ridge, Accra - Ghana. Image source: estateintel.com

Momentum Africa Real Estate Fund reaches final close at $170 million

The Momentum Africa Real Estate Fund “MAREF” held its final close at the end of February 2017, raising a total of $170m, up $20m from the $150m the fund had raised by August 2016. A total of eighteen investors committed to the […]
April 2, 2017
Victoria Mall Plaza 1 and Victoria Mall Plaza 2. Image Source: updcplc.com

UAC Property Development Company Reports ₦1.78bn Loss for FY:2016

UAC Property Development Company (UPDC) reported a loss before tax of ₦1.78 billion for the year ended 31 December 2016, down from a ₦55.9 million profit in the preceding year. Despite a 23% increase in revenue to ₦6.34bn, rising cost of […]
March 28, 2017

Listed Real Estate in Eastern Africa and Beyond – What Next?

East African property markets have demonstrated desirable levels of resilience over the past few years. As African economies including Angola, Nigeria, Zambia and Ghana have reeled from commodity price induced recessions, better diversified countries in the East African region including Kenya […]
March 4, 2017

African Private Equity Fundraising Falls 47% in 2016

New data published by the African Private Equity and Venture Capital Association Africa (AVCA) demonstrated that the total value of private equity deals in Africa rose by 40% between 2015 and 2016. According to the AVCA, $3.8bn worth of private […]