FirstRand Bank Ltd said the property unit of its investment banking arm has raised $203 million (about N50billion) for its Real Estate Development Fund (REDF) aimed at developing real estate assets in Nigeria and other West African countries. Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading South African corporate and investment bank and part of ...
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Tag Archives: RMB Westport
Johannesburg’s RMB Westport set to invest $250million in Nigeria’s real estate
In an unprecedented move, Johannesburg-based RMB Westport, South Africa’s second-largest financial-services company, announced the property unit of its investment banking arm has raised $250 million to develop real estate in West Africa. The initial sites will be in Nigeria, Ghana and Angola. Retail and mixed-use development will be the primary objective. Africa currently has strong demand for high-grade retail and ...
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