Actis gets over $500M for African fund

Actis, a top growth markets investor, has succeeded in getting over $500M for Africa.

Real Estate Investment

Actis, a top growth markets investor, has raised some money for an African fund.

The company released a statement, highlighting the purpose of the fund.

"ARE3 will invest predominantly in prime retail, office and industrial developments in the capital cities of 7 – 8 sub-Saharan African markets. Over the past decade, the team has invested in assets valued at $1.4 billion on a gross asset value basis.

The team is led by David Morley and includes two other partners, Amanda Jean-Baptiste and Louis Deppe and 11 other investment professionals across offices in

David Morley, a director, said: “This successful fundraising is a further sign of confidence from our investors in our ability to identify the most compelling opportunities across Africa. With this new vehicle, they will satisfy part of the demand for institutional quality real estate in some of the fastest growing cities globally.”

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

FG keeping surveillance to prevent outbreak of monkeypox - Minister

FG keeping surveillance to prevent outbreak of monkeypox - Minister

Group accuses Yahaya Bello of forcing unity list on Kogi delegates ahead of APC primaries

Group accuses Yahaya Bello of forcing unity list on Kogi delegates ahead of APC primaries

Step down for Osinbajo, Group urges Tinubu, other presidential aspirants

Step down for Osinbajo, Group urges Tinubu, other presidential aspirants

Kazeem beats incumbent, Omititi to secure Mushin Constituency 2 APC ticket

Kazeem beats incumbent, Omititi to secure Mushin Constituency 2 APC ticket

Babajide Obanikoro loses Lagos APC House of Reps ticket to Oba Elegushi's brother

Babajide Obanikoro loses Lagos APC House of Reps ticket to Oba Elegushi's brother

INEC grants parties request, extends deadline for primaries by 6 days

INEC grants parties request, extends deadline for primaries by 6 days

Court rejects Okorocha's bail request over alleged N2.9bn laundering

Court rejects Okorocha's bail request over alleged N2.9bn laundering

Presidential aspirant, Fayose visits popular Amala joint ahead of PDP primaries

Presidential aspirant, Fayose visits popular Amala joint ahead of PDP primaries

Desmond Elliot wins APC ticket for 3rd term

Desmond Elliot wins APC ticket for 3rd term