Momentum Africa Real Estate Fund

Our investment

CDC committed US$30 million to Momentum Africa Real Estate Fund (MAREF) in December 2018.

Expected impact

The fund will create construction jobs, provide training to local construction workers (c. 55 people trained over the life of a 22-month project), and facilitate business by increasing the availability of high end office space across sub-Saharan Africa.

Key facts

Status:
Active
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Momentum Global Investment Management & Eris Property Group
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$30m

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status