Saturday, 23 July 2016

Global Capital Fuelling African Property Markets

Despite Africa’s slowdown; property developers and private equity funds continue to pour investment into the continent, but with more focused strategies.  “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and we expect this trend to continue” said Kfir Rusin, General Manager of the upcoming Africa Property Investment Summit.

Commenting on the global capital flows making their mark on African real estate, Peter Welborn, chairman of Knight Franks’ Africa business says that “The underlying investment theme across sub-Saharan Africa, over the next decade will undoubtedly be driven by substantial allocations of equity, into JV’s with successful local partners. Both the west African retail sector as well as the southern and east Africa logistics sectors will be high on the hit list of international capital.”

The last year has seen Actis, RMB Westport, Novare, Phatisa and Growthpoint successfully raising capital from global funds such as GIC Singapore, Grosvenor (USA), The IFC, CDC Group (UK) among other international funds.
The Africa Property Investment (API) Summit is the leading African focused real estate forum, which brings together influential property players from around the continent. The API Summit offers developers and investors access to new development strategies, a chance to showcase projects and meet with new sources of capital across Sub-Saharan Africa.  The summit is the perfect opportunity to leverage off the expertise and knowledge of key industry players.

“This year’s summit will feature various discussions on innovative strategies and collaboration, as well as showcasing new real estate opportunities and projects across Africa. Whilst uncertainty remains, we believe that African property is still poised for growth, albeit at a lower but more sustainable level,” says Rusin.

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