Gateway Real Estate Africa and Verdant Ventures are working on a joint venture project that will see the establishment of a medium-density housing complex in Nairobi.
Greg Pearson co-founder and CEO of Gateway Real Estate Africa gives us some insight on the real estate trends in Africa on Coffee Time with Carpus.
Anfa Place Shopping Centre has been trading since 2013 and was refurbished in 2019. It forms part of a mixed-use complex on the Atlantic coast to the west of Casablanca.
About Gateway Real Estate Africa
Gateway Real Estate Africa is a private real estate development company specialising in the turnkey construction of accommodation for multinational corporates and retailers wishing to expand their operations on the African continent. For qualifying investors, Gateway Real Estate Africa provides direct real estate exposure to high-yielding US-dollar denominated rental income streams and robust growth potential.
With the exception of some countries and metropoles, the development of commercial real estate on the African continent is largely in its infancy with assets in key nodes mostly being owner developed or developed specifically for international companies.
The opportunity for bespoke turnkey developments in select African countries was recognised by Greg Pearson and Bronwyn Corbett, founding members Grit Real Estate Investment Group (“Grit”). Founded in 2014, Grit is the largest pan-African real estate income group listed on the main market of the London Stock Exchange, the Johannesburg Stock Exchange and the Stock Exchange of Mauritius. Grit currently operates across seven countries, with direct investments in five asset classes and 25 assets valued at circa USD800 million.