More than $ 800 million invested in a new era of real estate in Africa

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Africa’s real estate sector contributes to the continent’s economic recovery: Africa Property Investment (API) Summit (www.APISummit.co.za) interested parties, says the host, Kfir Rusin.

“Investors and developers in African real estate are moving forward and building a new era, and we have seen significant investments in new sectors of student and affordable housing, logistics, data centers and others.”

Rusin’s comments were made ahead of a free visit to this year’s virtual summit, which will bring together over 500 participants in real estate transactions from 30 African and foreign countries from 6 to 10 September 2021 (participants can register at www.APISummit.co.za.)

Funding over 40% of listed transactions, Standard Bank has leveraged its balance sheet and vast African experience to fund several attractive 2021 deals across multiple sectors and jurisdictions over the past 12 months.

The loudest of these deals was a $ 300 million debt refinancing deal by Lango Real Estate (formerly Growthpoint Investec Africa), now the largest in sub-Saharan Africa (SSA) real estate debt sale and the first cross-collateralized financing structure in multiple jurisdictions in SSA… Additional Standard Bank deals include $ 5.5 million to refinance Africa Logistics Properties (ALP) in Kenya; $ 9 million deal in DRCand $ 10 million in funding for the Metroplex Shopping Center in Uganda.

According to Niya Adelee, Head of Real Estate Finance Africa at Standard Bank, these transactions demonstrate the bank’s continued commitment to its clients and efforts to build long-term relationships in the real estate sector and across the continent.

“In this new era, Standard Bank believes that our approach must be holistic, taking into account both the evolution of the market and the aspirations of our clients, underpinned by credible considerations of key real estate fundamentals in our markets as they evolve,” says Adeley. …

Adding that Standard Bank will also continue to support customer activities for our key clients and emerging sector participants, and firmly encourage and support ESG topics and events that are critical to our goals as a market participant.

As Adelei explains: “In this regard, we continue to collaborate, fund deals and follow strong market trends in both traditional commercial sectors and some of the emerging sectors such as student housing, digital themed real estate, and middle-income residential properties.” …

For the group General director of Africa’s largest pan-African real estate operator Malcolm Horn of the Broll Property Group explains that the rapid changes in the broader real estate market have been accelerated by Covid 19 and are pure positives for the continent’s future.

“We’ve seen this market pressure highlight long-term patient capital and we will now see the development of a resilient and more investment real estate sector in this new era across the continent.”

As the leading commercial real estate operator in Africa with over 500 employees outside of South Africa, Horn says, Broll is positioning its business to be at the forefront of this new era.

“We are not operating in a bubble, and as we enter this new period, we have focused on investing the funds that will propel the new era forward and make it a reality.

According to Horn, these tools include business digitalization; attracting and using the right human capital; to understanding the fundamental importance and role of how environmental social governance (ESG) will shape the real estate business of the future.

Echoing Horn and Adele’s sentiments for a new era in Africa and significant opportunities in new sectors, Gateway Real Estate Africa (GREA) General director According to him, Greg Pearson, whose company has become the most active and well-known developer on the continent.

“Africa has long been considered the last frontier of growth. In terms of real estate, we are seeing some interesting structural and cyclical shifts from so-called traditional asset classes in real estate, driven mainly by ongoing investments in telecommunications, as well as the impact of Covid-19 on healthcare and supply chain logistics. This is where we see a real opportunity, ”Pearson says.

Building on an impressive track record in the short period since its inception in 2018, Gateway Real Estate Africa has a $ 500 million investment to build in Nigeria, Kenya, Ghana and Mauritius, Pearson confirms.

While data centers, medical developments and logistics parks are emissions in terms of driving real estate growth in Africa in the short to medium term, Pearson said, the new era of Africa is also important for collaboration and inclusiveness.

“For me, the new era in Africa means closer collaboration between investors, sponsors, corporate tenants, developers, regulators and professional services firms with a long-term and sustainable view of the continent.

GREAOur approach is to build local businesses and we place great emphasis on hiring sufficiently qualified diaspora and local professionals to collaborate with international teams. This not only ensures significant transfer of skills and job creation at the local level, but also ensures that each event is firmly entrenched in the community in which it is located. ”

Rusin concludes that “this year API Summit will explore a new era for Africa, but will also create a platform for investors and developers to connect and accelerate the sector’s massive recovery. ”

Spreads APO Group on behalf of API Developments.

Media inquiries:
Murray Anderson-Ogle
murry@apievents.com

O API Summit:
Real estate in Africa (API) Summit 06-10 September 2021 is a five-day culinary experience created exclusively for the leaders of the African real estate market. This year, delegates have the opportunity to attend a live virtual event for free, virtually or with full access for $ 195 (excluding VAT). The Full Access Pass gives you access to Concierge Networking (September 6-7) and Summit on-demand access. Www.APISummit.co.za

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