Emerging markets private equity firm Actis taken an 80 percent stake in Accra-based real estate development firm Laurus Development Partners. The portfolio company will be responsible for sourcing investments in Ghana and Nigeria for Actis’ AAREF fund series.
2 min read · 18 January 2013
A partnership between Johannesburg-based Rand Merchant Bank and Westport Property Group aims to generate IRRs of more than 30% from the eight-year vehicle.
2 min read · 18 January 2013
A reworking of the country’s domestic tax system could lead to a 30 percent tax on carried interest. Shefali Goradia, partner at Indian tax advisory firm BMR Advisors speak about the risks facing foreign investors, local managers and Mauritius-domiciled funds.
3 min read · 18 January 2013
Political turmoil in the Middle East and North Africa has 'stymied' economic recovery, but the region is in a strong position for future growth, according to delegates at Middle East Forum.
3 min read · 18 January 2013
Nearly 64 percent of investors polled by South African bank and asset manager Investec believe banks have either already begun releasing their distressed assets back into the market or will start over the course of the year.
2 min read · 18 January 2013
Opportunistic fund targets 25 percent IRRs by acquiring prime land in Sub-Saharan Africa with a particular focus on South Africa.
2 min read · 18 January 2013
With concern mounting over inflation and future jobs growth, should investors eyeing the US start asking for a risk premium on their real estate investments?
3 min read · 18 January 2013
The Dubai-based private equity firm has chosen an office building in Egypt as the first acquisition for its income-generating properties fund, ASAS.
1 min read · 24 January 2013
The Indian financial services firm will pay $171.5m for a majority stake in the private equity and real estate fund of funds manager. Religare bought a stake in multi-manager Northgate Capital earlier this year.
2 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
