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

Private Equity, REITs & Funds

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 […]
February 17, 2017
Victoria Mall Plaza 1 and Victoria Mall Plaza 2. Image Source: updcplc.com

UAC Property Development Company Issues Profit Warning for Year End 2016 Results

Following a preliminary review of their Management Accounts for the year ended 31st December, 2016, UAC Property Development Company (UPDC) issued a profit warning outlining that they expect to report materially lower earnings. The reasons for the lower earnings include the recognition […]
January 27, 2017

Almost Half of All Private Equity Exits in West Africa from ’10 – ’16 H1 were in Nigeria

According to new research published by the AVCA, Nigeria accounted for 42% of all private equity exits by number in West Africa from 2010 – 2016 H1. Overall, there were 83 PE exits in West Africa over the period, and […]
January 19, 2017
New ei Sale Reports Added

New Sale Reports Added

New sale reports have been published showing transactional details on the acquisition or disposal of investment grade commercial properties in Sub Saharan Africa. The transactions covered include: Mövenpick Ambassador Hotel Accra – Ghana (2016) Mall de Tete, Tete – Mozambique (2016) View the sale reports.
December 17, 2016
From L-R: Elizabeth N. Nkukuu, Chief Investments Officer-Cytonn Investments, Marko Backström, Legal Counsel-Taaleri, Juhani Elomaa, CEO - Taaleri & Edwin H. Dande, Managing Partner and CEO-Cytonn Investments welcoming Taaleri to Cytonn Investments by signing the visitors book. Image Source: Cytonn

Finnish Private Equity Investor Increases Exposure to East African Real Estate

Taaleri, a Finnish financial group, is increasing their exposure to East African real estate by continuing their alliance with Cytonn Investments and partnering with East African real estate investment and private equity firm, Fusion Capital. The Helsinki listed group has subsidiaries […]
December 14, 2016
Proposed Assets for Top Services Limited's ₦20bn Real Estate Investment Trust that was recently approved by NSE

Initial Public Offer for Top Services Limited’s ₦20bn REIT Approved By NSE

The Nigerian Stock Exchange, last week, approved the application by Top Services Limited for an initial Public Offer for Top Services Limited Real Estate Investment Trust (TSL REIT). TSL REIT plans to raise ₦20bn by offering 20,000,000 units at ₦1,000.00 […]
October 28, 2016

Nigerian Sovereign Wealth Authority Allocates $18.1m to Actis and ACA Funds

The Nigerian Sovereign Wealth Authority (NSIA) made a capital commitment of $18.1m to Actis Africa Real Estate and African Capital Alliance according to their 2015 year end financial statement. The capital comes from the Future Generations Fund (FGF) which has a 25% private […]