Actis, a leading growth markets investor, is pleased to announce that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totalling more than $500m, comfortably exceeding its original $400m target.

Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

Nairobi: Garden City, East Africa’s first integrated residential, retail and office development, officially opened with the announcement of a new Business Park.

Actis, the pan-emerging markets private equity firm today confirmed the final close of its second African real estate fund, Actis Africa Real Estate 2, with total commitments of US$278m.

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