Saturday, April 20, 2019 UTC

AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
  • Subscribe Download
News > Funds > Launches

Investec, Growthpoint and IFC to establish pan-African real estate business

Africa Global Funds
Nov. 10, 2015, midnight
416

Word count: 289

Investec Asset Management and Growthpoint Properties in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-African real estate investment business.

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account
Share:

Investec Asset Management and Growthpoint Properties in partnership with IFC, a member of the World Bank Group, will seek to establish and grow a significant diversified pan-African real estate investment business.

John Green, Head, Global Client Group at Investec Asset Management, said that the African real estate markets are well positioned for a long-term growth phase given the significant supply deficit across the continent.

“We are excited about this unique partnership as it brings together our pan-African investment experience with Growthpoint’s industry-leading property investment expertise and IFC’s deep knowledge of the continent,” he said.

In addition to its 50% direct stake in the venture, Growthpoint, South Africa’s largest real estate investment trust, will together with IFC also support it with a substantial investment.

Norbert Sasse, CEO of Growthpoint Properties, said: “This development has been in the making for some time. It needed the right partners and expertise to create a powerful platform for pan-African property investment.”

“We are thrilled to embark on this venture with Investec Asset Management and IFC to build this into a significant pan-African real estate business,” he said.

“We believe this model represents a compelling investment opportunity for Growthpoint in African real estate markets. This undertaking allows Growthpoint to further diversify its assets and harness opportunities across the African continent to seek value for our stakeholders,” added Sasse.

The new venture’s dedicated senior management team has a collective 30 years of experience in real estate and investment on the African continent and will be led by Thomas Reilly.

He is widely respected for his commercial real estate knowledge, his African property investment experience, and his work in multiple African markets.

“This venture provides a significant opportunity to facilitate the growth and liquidity of real estate as an asset class across the continent,” Reilly said.

Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration