Thursday 29 September 2016

Novare Africa Property Fund II Closes at USD350m

Novare Fund Managers have announced the final close of their Novare Africa Property Fund II at USD350m at the end of June 2016. It will be listed on the Mauritius Stock Exchange at the end of July 2016.  The fund will focus on both retail and...

Actis Reach Final Close on USD500m Real Estate Fund

Build it and they will come: Actis have announced the final close of their third private real estate fund at USD500m, exceeding their initial fundraising target of USD400m and, according their press release, the largest Africa real estate fund to date....

Vantage Capital Finance Nigerian Landmark Africa with USD20m

South African Vantage Capital have announced an investment of USD20m in Nigerian property developer Landmark Africa. Landmark manage over 130,000 square metres of serviced office space for international and local corporate across the continent, provide...

Fusion Capital Announce Exit from Kenyan Athi River Residential Development

Kenyan private equity firm Fusion Capital have announced the exit from their ‘Graceland’ Athi River residential real estate development at a 2x return for their investors. The project had started in 2008 and Fusion Capital had provided the developer with...

Phatisa Housing Fund Invests in Kenya Residential Development

The Phatisa-managed Pan African Housing Fund (PAHF) has announced a co-operation with Kenyan Tamarind Properties for a residential property development in Nakuru Town, Kenya’s fourth-largest town. Nakuru Meadows, on a 10 acre piece of land, will have 140...

Brait to Acquire 90% of UK High Street Retailer New Look

These days, South African private equity firm Brait shops on the UK high street: The firm will acquire 90% of UK fashion retailer New Look for USD1.2bn from private equity groups Apax Partners and Permira Holdings, reportedly pre-empting a listing. The...

AFIG Acquire Stake in Ghanaian Real Estate Firm

Through their Atlantic Coast Regional Fund (ACRG), AFIG have acquired a stake in Primrose Properties Ghana Ltd (PPG), a real estate development company in Ghana’s capital Accra. PPG develop both residential and commercial properties and have become one of...

Actis Acquire Significant Minority in South African Sports Retailer

Emerging markets fund manager Acis have acquired a significant minority stake in South African Tekkie Town for USD65m. The sportswear retailer was founded in 2001 and currently has 265 stores in South Africa. Founder Braam van Huyssteen continues to be...

Fusion Capital Invest KES2bn in Meru County Real Estate Development

Fusion Capital have announced an undisclosed investment in the KES2bn (USD22m) Meru Greenwood Park, an integrated development in the business district in Meru County. The property – a joint investment with several local investors through a joint venture...

XSML Finance Real Estate Firm in DRC’s Katanga Province

Real estate development has become a very popular investor target across the continent, and Dutch SME fund manager XSML are getting in on the game, announcing an investment in Manoah Investments SARL in Lubumbashi, DRC’s Katanga Province. XSML’s funding...

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