Photo: ED/CIO Nigeria Sovereign Investment Authority, Hanspeter Ackermann; MD/CEO, NSIA, Uche Orji; and CEO, Old Mutual Investment Group, Diane Radley, at the Agreement-Signing Ceremony for NSIA-Old Mutual Investment Group $500m Real Estate Vehicle and $200m Agriculture Vehicle in Abuja.
Despite the shifts in the West African real estate environment, the region is still seeing some big bill deals. Kfir Rusin, General Manager of West African Property Summit (WAPI) events breaks down the biggest investments.
- Old Mutual Investment Group and the Nigerian Sovereign Investment Authority raise US$500 million towards a Nigerian real estate fund
- RMB Westport launches $250 million Fund for Nigeria, Ghana, Angola and the Ivory Coast
- Actis raises over $500m for new African real estate fund
- Novare Africa Property Fund II announced its final close at the end of June 2016, having raised $350 million for investment.
- Eris Property Group unveil plans for Agbara Industrial Estate in Lagos Nigeria
- West Africa’s largest mixed-use development, The Exchange” project at Airport City in Accra launched be Mabani Holdings Ghana Limited, in partnership with Actis LLP
- Novare’s $82.8million 22,000m2 Lekki mall began trading at the end of August 2016
- RMB Westport’s 10,800m2 Circle Mall began trading at the end of 2015
- Churchgate launch 20,000m2 World Trade Centre in Abuja
- CFAO and Carrefour open the Playce Marcory Mall, Ivory Coast, in December 2015
- Carlson Rezidor adds Ghana to its growing portfolio with the introduction of the Radisson Blu Hotel Accra Airport, The Exchange with 207 keys.
- Hilton Worldwide announced its plans to open a 350 guestroom and suite hotel at the Lagos Murtala Muhammed International Airport, Nigeria.