Metro

Actis concludes W’Africa-focused real estate fund at $45m

Actis, a leading global investor in sustainable infrastructure has recently concluded a first close of its real estate fund, Actis West Africa Real Estate Income Fund at $45 million.

Anchor investors in the first close included Stanbic IBTC Pensions Managers, the First City Monument Bank Pensions Limited and Pensions Alliance Limited.

The Fund will invest in market-leading, stabilised real estate assets across West Africa, with a special emphasis on Nigeria. All assets in the portfolio will attain a minimum standard of IFC Edge certification. NREIF will acquire and manage real estate assets across a range of sectors, including retail, office, industrial, education and healthcare.

NREIF is the fourth vintage of Africa-focused real estate funds managed by Actis. Actis has invested in the sector since 2004.

Funke Okubadejo leads Actis’ Pan African Income Fund team, while Tolu Sokenu serves as the Fund Manager for NREIF.

Actis and NREIF are advised by Simmons & Simmons and Udo Udoma & Belo-Osagie.

Actis is a leading global investor in sustainable infrastructure. It delivers competitive returns for institutional investors and measurable positive impact on countries, cities, and communities in which it operates. Its global experience, operational know-how and strong culture allow them to create global sustainability leaders. It does it at scale and has been doing so for decades. Since its inception, it has raised $24 billion to invest in a better tomorrow.

Actis is a signatory to the United Nations-backed Principles for Responsible Investment, an investor initiative developed by the United Nations Environment Programme Finance Initiative and the UN Global Compact. The firm has consistently been awarded the highest rating score in the UN Principles for Responsible Investment independent assessment.

Related posts

Buhari got it wrong on Omisore’s emergence as APC Secretary, says Soyinka

Our Reporter

Soldier commits suicide after killing a customs officer in Seme

Abisola THOMPSON

Trouble for criminals: NIS finally gets access to Interpol database information – CG

By Shile GIWA

Protesters block Abuja airport road, demand Buhari’s resignation over insecurity

Our Reporter

MRA calls on Nigerian youths to take advantage of technology

Editor

Imposition of foreign cultures destroyed many African countries – Lai

Our Reporter