Africa Real Estate Deals 2019

Africa’s deal landscape is warming up in 2019. According to API events data, the continent has already seen more than a dozen multi-million dollar deals scattered across the continent in the first half of the year, signaling growing investor confidence.

Among them is a deal where the worlds most valuable real estate startup, WeWork, is set to open its first location on the continent in Johannesburg. The deal is for an undisclosed amount. Here is the list:
Growthpoint Investec African Property Fund to acquire malls in Ghana & Zambia
Deal Size: Undisclosed

Centum RE & Nedbank $75M Debt Deal for their Two Rivers development project
Deal Size: $75M

IFC invests in Hilton in Lusaka Protea Hotel (Zambia)
Deal Size: $9M

African Logistics Properties (ALP) Signs Debt restructuring deal with Standard Bank
Deal Size: $26.5M

Shelter Afrique in Affordable Housing Deal with Habitat International
Deal Size: $100M

Grit buys Senegal Club Med
Deal Size: $12.5M with development plans of $28.8M

CDC commits to mezzanine debt investment in Teyliom Hospitality
Deal Size: $30.7M

WeWork opens its first of many African Office locations in Johannesburg
Deal Size: Undisclosed

Actis & Shapoorji launch affordable housing Joint Venture in Kenya
Deal Size: $120M

Westpark & Siemens to build sustainable industrial Park
Deal Size: Undisclosed

Most African markets are still opaque, a fact which has held back the flow of global real estate capital into the continent. Africa receives less than 5% of global real estate investment capital annually.

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