Thursday 26 May 2016

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...

Eris and Momentum to Launch Africa Real Estate Fund

Property services and development company Eris Property Group and Momentum Global Investment Management have announced the launch of an eight year, USD250m real estate fund for sub Saharan Africa later in 2014. The partners will initially focus on...

Eskom Pension and Provident Fund Commits USD9.5m to IHS Fund

Eskom Pension and Provident Fund, South Africa’s second largest pension fund, will invest ZAR100m (USD9.5m) in International Housing Solution’s second fund, which targets investments in affordable low-cost housing, including student housing. HIS has...

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