Heritage Place

Nigeria Construction and real estate

Heritage Place is a greenfield development of a 15 floor A-grade office tower in a prime location within the commercial zone of Ikoyi, Lagos. The building will offer international standard office space and services in a market characterised by the low quality of the existing office stock.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

We are invested in Heritage Place through Actis Africa Real Estate Fund 2 LP, which is managed by Actis LLP. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Nigeria
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Construction and real estate
Investment type

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

:
Intermediated investment
Fund:
Actis Africa Real Estate Fund 2 LP
Fund Manager:
Actis LLP
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
September 2011
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Nigeria