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RMB Westport Real Estate Development Fund II.

Date SPI disclosed December 22, 2015

Projected board date January 26, 2016

Last Updated Date Dec-22-2015

Project Description: The proposed project involves a $40 million equity investment in RMB Westport Real Estate Development Fund II ( RMB 2 or the Fund ) managed by RMB Westport Investments Limited ( RMB Westport or RMBW or the Manager. RMB 2 is seeking to raise US$450 million from Limited Partners ( LPs ) to develop retail, office and industrial properties in Sub-Saharan Africa ( SSA ), primarily Nigeria, Ghana, Angola and Ivory Coast. The Fund is a successor to RMB Westport Real Estate Development Fund I ( RMB1 or Fund 1 ), a 2012 vintage, US$256 million retail and office property development fund with investments in Nigeria, Ghana and Angola.

Project completion date : 2017-12-31 12:00:00

Major organization : RMB WESTPORT PROPERTY PARTNERS SOUTH AFRICA (PTY) LTD

Address : 3 Merchant Place, Cnr Fredman Drive & Rivonia Road

Sandton

Johannesburg

Country :South Africa

Email : mailto:info@rmbwestport.com

Financier : International Finance Corporation (IFC),World Bank (WB),

Financier address : Financier World bank

International Finance Corporation (IFC)

2121 Pennsylvania Avenue, NW

Washington, DC 20433

United States

Website : http://www1.ifc.org

Tel : (202) 473-3800

Fax : (202) 974-4384

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Publication:Mena Report
Date:Dec 23, 2015
Words:206
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