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

Private Equity, REITs & Funds

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. 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 […]
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 […]