Catalyst Focuses on Real Estate Development in East Africa

Posted On Friday, 19 April 2013 06:34 Published by eProp@News
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Catalyst Principal Partners, the Kenyan based private equity firm is surveying the real estate opportunities across East Africa


Catalyst Focuses on Real Estate Development in East AfricaCatalyst has set up a partnership with Acre Solutions, an international property developer. Together they have identified real estate projects. Investors are being sought. The partnership is also working on a mixed commercial, residential and hospitality development in Kenya requiring about $2 billion in investment over 10 years. Real estate investment trusts (REITs) are planned for the future.

Middle income homes, among other housing in East Africa has surpassed supply for nearly twenty years, and the sector has outperformed other asset classes such as fixed income and stocks. Catalyst expects the region's booming consumer demand and growing economies to get a further shot in the arm from oil and gas finds. 

In Kenya, Catalyst Principal Partners has started making investments from a broad $125 million fund and from a partnership dedicated to real estate.

CEO Paul Kavuma says: “We have a strong pipeline of deals and are at advanced stages of completing a number of new investments which will be announced by the end of the year. Capital has been raised from leading international and regional institutions and from credible regional high net worth private investors, with the quality of investors being reflective of the attractive fundaments of the region and is a positive signal of the growing confidence in the economic prospects for East Africa.”

Last modified on Monday, 20 May 2013 13:05

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