• Wed. Dec 6th, 2023

UGANDA, Kampala | Real Muloodi News |  Africa’s thriving real estate sector is pushing the continent’s economic recovery forward, with more than $800mn disclosed deals taking place in 2021 by Africa Property Investment (API) Summit stakeholders, according to Kfir Rusin, Managing & Commercial Director of property development company, Terrace Africa.

“Africa’s real estate investors and developers are forging ahead and building for a new era, and we’ve witnessed significant investments into emerging sectors of student and affordable housing, logistics, data centers and others.” Rusin added.

Rusin made the remarks ahead of this year’s virtual edition of the API Summit, that will bring together over 500 real estate deal makers from African and international countries. Kfir Rusin will host the event. The summit will take place from September 6th to September 10th, 2021. This year it is free to attend. Attendees can register here.

The summit aims to explore Africa’s new real estate era, and provide a platform for investors to connect to fast track the real estate sector’s recovery. 

Standard Bank funded over 40% of the deals listed. The most high-profile of these deals include the $300m debt refinance deal of Lango Real Estate (formerly Growthpoint Investec Africa), currently the largest sub Saharan Africa (SSA) real estate debt deal. Standard Bank also funded the $10mn Metroplex Mall in Uganda. Additional deals include a $5.5mn refinance of Africa Logistics Properties (ALP) in Kenya, and a $9mn deal in the DRC.

According to Standard Bank’s Head of Real Estate Finance, Africa Regions, Niyi Adeleye, these deals are representative of the bank’s sustained commitment to their clients, and efforts to build long-lasting relationships in the real estate sector across the continent.

Adeleye added, “In this regard, we continue to collaborate, fund deals and follow the sustainable market trends in both the traditional commercial sectors and some of the emerging sectors like student housing, digital themed real estate assets and middle-income residential.”

Some of the Top African Real Estate Investment Deals of 2019 Included;
  • Actis and Shapoorji launch an affordable housing Joint Venture in Kenya with an estimated $120 million
  • Shelter Afrique in affordable housing deal with Habitat International with an estimate of US$100 million
  • Nedbank debt deal for their Two Rivers development project estimated to be US$75 million 
  • CDC commits to mezzanine debt investment in Teyliom Hospitality with an estimate of US$30.7 million
  • Grit buys Senegal Club Med an estimate of $12.5 m with development plans, with an estimate of US$28.8 million
  • African Logistics Properties (ALP) signs a debt restructuring deal with Standard Bank with an estimate of US$26.5 million 
  • IFC invests in Hilton in Lusaka Protea Hotel (Zambia) estimate of US$9 million 
  • Growth point Investec African Property Fund to acquire malls in Ghana and Zambia.
  • Centum RE, WeWork, opens its first of many African Office locations in Johannesburg.
  • Actis and Shapoorji launch an affordable housing Joint Venture in Kenya and Westpark.
  • Siemens to build a sustainable industrial park; however, figures were not disclosed.
About the API Summit:

The Africa Property (API) Summit 06-10 September 2021 is five-days of curated experiences created exclusively for Africa’s real estate leaders. This year, delegates have the opportunity to attend the virtual event live for free virtually or via a full access pass for $195 (Ex-Vat). A full access pass gives you access to Concierge Networking (06 -07 September) and On-Demand Access post the Summit. Attendees can register here.


Market Outlook: East Africa Property Investment Summit 2021

Centum Real Estate Partners with NCBA Bank to Finance Prime Properties