DURBAN – Africa’s emerging real estate investment trust (REIT) market could become the catalyst for large scale investment into the continent’s growing, albeit still underdeveloped, property sector.
Recent years have seen the debut of Stanlib’s Fahari I-REIT in Kenya, and Morocco, Ghana and Uganda having either recently achieved REIT status or being in the final process of doing so. Other notable capital market milestones include Nigeria listing its first real estate linked Bond on the FMDQ Securities Exchange and Botswana’s listed property sector now has more than seven trading counters. This indicates a market maturing.
