Real Estate & Construction | Africa Assets

Tuesday 21 May 2013

Actis’ Kenya Property Investment Stalls over Land Dispute Tuesday, 15 January 2013 Actis’ construction of a 15,000 square feet office block on Nairobi’s Ngong Road, an expansion of the firm’s 2004 Business Park, has stalled following a land ownership dispute with the Kenya Forestry Service., Business Daily reports. Construction had... Read more about Actis’ Kenya Property Investment Stalls over Land Dispute Comments Quick view	PAHF Announce First Close of USD41.5m Thursday, 20 December 2012 The Phatisa-managed Pan African Housing Fund (PAHF) has announced its first close of USD41.5m. The fund aims to raise a total of USD100m, with fundraising to be completed in 2013. The African Development Bank (AfDB) had earlier committed USD7m to the fund... Read more about PAHF Announce First Close of USD41.5m Comments Quick view
Actis Closes Africa Real Estate Fund 2 at USD278m Tuesday, 9 October 2012 Emerging markets PE firm, Actis has closed its second Africa real estate fund at USD278m. Actis says this makes them the largest private equity real estate investor on the continent ‑ and we can’t think of anyone from the PE world who has raised or... Read more about Actis Closes Africa Real Estate Fund 2 at USD278m Comments Quick view	Actis Win Euromoney ‘Best Developer in Africa’ Thursday, 20 September 2012 Actis have won ‘Best Developer in Africa’ in Euromoney’s 8th global real estate survey – official recognition of the private equity firm’s track record in investing in the real estate sector on the continent. Actis launched their first real estate fund in... Read more about Actis Win Euromoney ‘Best Developer in Africa’ Comments Quick view
USD7m AfDB Funding for Pan African Housing Fund Thursday, 20 September 2012 The African Development Bank (AfDB) will provide USD7m for the private equity Pan African Housing Fund (PAHF), managed by Phatisa and backed by Shelter Afrique. PAHF target investments in residential real estate for the low to mid-income demographic on... Read more about USD7m AfDB Funding for Pan African Housing Fund Comments Quick view	From Britak to Britam Tuesday, 11 September 2012 Kenya’s British American Investments Company (Britak) has rebranded itself to ‘Britam’ as part of its regional expansion strategy for East Africa, Capital FM reports. The company has been in Kenya for nearly 30 years and is listed on the Nairobi... Read more about From Britak to Britam Comments Quick view
Kenya’s Britak to set up Real Estate PE Fund Wednesday, 22 August 2012 More money for real estate: Kenyan investment firm British American Investment Company (Britak) Ltd are launching a USD100m private equity fund for investments in the region’s real estate sector. According to Britak’s managing director, Edwin Dande, the company aims to raise 15% of the fund from own resources and ‘friends... Read more about Kenya’s Britak to set up Real Estate PE Fund Comments Quick view	So You Think You Can Build a Mall? Monday, 20 August 2012 We recently briefed you on an interesting interview with Actis Real Estate about the difficulties in applying private equity to commercial retail developments in Africa. Africans want malls, but it turns out that they aren’t so easy for PE funds to build... Read more about So You Think You Can Build a Mall? Comments Quick view
IFC’s ALAC Fund Invests USD124m in Nigerian Persianas Group Wednesday, 15 August 2012 The International Finance Corporation (IFC) has announced an investment of USD124m in Nigeria’s Persianas Group. The investment will consist of equity of USD74m from the IFC and the FC’s African, Latin American and Caribbean (ALAC) Fund, and USD50m in debt, also provided by the IFC. Persianas are the developers of the... Read more about IFC’s ALAC Fund Invests USD124m in Nigerian Persianas Group Comments Quick view	Africans Want Malls, but Exits Keep PE Away Wednesday, 25 July 2012 ‘How We Made it in Africa’ published a good interview with Actis Real Estate’s Kevin Teeroovengadum on the property market in Africa. Teeroovengadum notes that there is rising interest in development of shopping malls in major economies like Kenya,... Read more about Africans Want Malls, but Exits Keep PE Away Comments Quick view

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