Actis voted best real estate developer in Africa

Posted On Thursday, 20 September 2012 15:53 Published by
Rate this item
(0 votes)

Actis, the pan-emerging markets private equity firm, has been named “Best Developer in Africa” by international finance magazine Euromoney, in the 8th annual global Euromoney Real Estate Survey

 Actis launched its first real estate fund in 2006 and is sub-Saharan Africa’s most experienced private equity real estate investor and developer. It invests primarily in institutional quality retail and office developments in high growth markets such as Ghana, Kenya, Nigeria, Tanzania and Zambia. Actis is strongly committed to Africa with close to US$1.7 billion currently invested in 18 countries on the continent overall.

Regarded as the benchmark awards for the global real estate industry, the Euromoney Real Estate Survey is now in its eighth year. This year’s awards process began in March and canvassed the opinions of senior real estate bankers, developers, investment managers, corporate end-users and advisory firms in over 70 countries. With over 1,900 responses, it is the biggest ever Euromoney Real Estate Poll.

In recognising Actis for the award, Euromoney Editor Clive Horwood said, “The winners of this year’s Euromoney survey are those that exhibited the ability to innovate and make best use of the inherent strengths of their organisation. In Africa, in particular, there are great opportunities for those companies best equipped to operate in challenging markets. Through the Euromoney real estate survey, the market has recognised Actis as the leader in this field.”

David Morley, Head of Real Estate at Actis said, “Sub-Saharan Africa has a population of 800 million people and is the fastest urbanising region in the world; an increasingly sophisticated consumer class seek places to live, eat, shop and relax in the face of chronic undersupply. There is tremendous opportunity for those who take up the challenge and we are very proud to see our work recognised in this way.”

Current Actis developments include Ghana’s first green certified building One Airport Square in Accra; East Africa’s biggest retail centre Garden City in Nairobi, and Ikeja City Mall in Lagos which welcomed 45,000 people on its first day of trading in December 2011. Past investments include Accra Mall in Accra, and The Junction in Nairobi.

Actis invests exclusively in the emerging markets with a growing portfolio of investments in Asia, Africa and Latin America; it currently has US$5 billion funds under management. Combining the expertise of over 120 investment professionals on the ground in nine countries, Actis identifies investment opportunities in three areas: private equity, energy and real estate. 

Last modified on Saturday, 13 April 2013 19:28

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.