GREA CEO on investment opportunities in Africa’s real estate space
Africa’s biggest pension fund manager recently threw its weight behind Grit Real Estate Income Group through a $48.5 million injection in the London listed property group for the development of its assets on the African. To discuss the prospects for real estate on the continent, CNBC Africa is joined by Greg Pearson, CEO, Gateway Real Estate Africa.
Mon, 09 Dec 2024 15:49:50 GMT
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AI Generated Summary
- Expanding projects in Kenya and West Africa with a focus on industrial and data center developments
- Utilizing hard currency for investments to remain competitive in the market
- Building partnerships with pension funds like GEPF to drive further investment and growth in the sector
Africa's real estate sector has seen a significant boost with a $48.5 million injection from Africa's biggest pension fund manager into the London listed Grit Real Estate Income Group. To discuss the current prospects for real estate development on the continent, CNBC Africa welcomed Greg Pearson, CEO of Gateway Real Estate Africa, in a recent interview. Pearson shared insights into the deployment of funds, investment prospects in Africa, and the impact of foreign currency dynamics on the real estate sector. The key themes highlighted in the interview include the expansion of projects in Kenya and West Africa, the importance of utilizing hard currency for investments in a competitive market, and the growing interest of foreign investors in Africa's real estate market. Pearson also emphasized the significance of partnerships with pension funds like GEPF to drive further investment and growth in the sector. With a focus on sectors like healthcare, light industrials, data centers, and diplomatic accommodation, Gateway Real Estate Africa envisions a promising future for real estate development in Africa.
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