Old Mutual Investment Group follows parent company in expansion beyond South Africa into rest of continent

Diane Radley, CEO, Old Mutual Investment Group. Credit: venturesafrica.com

Old Mutual Investment Group says it is interested in buying property assets in east and west Africa and seeks to invest between $18 million and $37 million acquiring such assets.

The planned property acquisitions are part of parent company Old Mutual’s plans to spread its asset management capability beyond South Africa to key growth markets in the rest of Africa.

Old Mutual Investment Group has ambitions to grow its assets under management to $7.5 billion within the next five years.

Read more: Old Mutual looks East and West to expand reach in Africa – Africa Property News | Commercial & Residential Property | Real Estate Investment and Construction News