David Morley News

David Morley, Partner & Head of Real Estate, Actis

Actis raises $500M for largest ever real estate private equity fund targeting sub-Saharan Africa

Actis, a leading growth markets investor, recently announced that it has reached final closing on its third opportunistic private real estate fund, Actis Africa Real Estate Fund 3 (“ARE3”) with commitments totaling more than $500m, comfortably exceeding its original $400m target.

Ikeja City Mall, Lagos, Nigeria

Private equity firm Actis exits its investment in Nigeria's Ikeja City Mall

Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited.

Garden City (Illustration)

Kenya's $540M Garden City opens

Garden City, East Africa’s first integrated residential, retail and office development, officially opened last night with the announcement of a new Business Park.

Nigerian Real Estate

High stakes for high reward? Real estate funds come to Africa

High stakes for high return, if you can stick it out for the long term – investors are buying into a boom in sub-Saharan African real estate.