Real Estate Investor Magazine South Africa November 2019 | Page 53

Europe and the United States. “There has been a consolidation
and stabilisation phase, and this gives the chance to renew the
outlook on the market. Despite the learnings or shortcomings
from the past, the reality is that there is so much potential and
we then need to take lessons from the past to structure our real
estate investments.” “Despite the learnings or shortcomings
from the past, the reality is that there is
so much potential and we then need to
take lessons from the past to structure
our real estate investments”
Mr Akinhanmi said that aggregation and consolidation in the
West African real estate market are signs of a maturing market
that demonstrates the real value that exists in real estate. “There
are capital market opportunities that can be spinned off. I’m
excited about what the future holds with lots of acquisition
activities on the cards. Looking at other asset classes, data
centers, healthcare and student housing, I’m really excited to be
part of this growth story.” financial markets are not sufficiently well-developed. The real
estate sector offers an opportunity to bring together investors
and consumers. A number of African countries emerge in terms of
financial sector development and financial market development,
they take the property sector as an anchor to build value and from
there to move into other sectors of the economy.”
He also identified the opportunities in the market in Ghana,
which while smaller than Nigeria, was one of the fastest
growing economies in sub-Saharan Africa. Increased real
estate investment would catalyse that growth. Political stability,
strong macro-economic indicators, a growth rate upwards of
six percent, stability in the exchange rate all lead to increased
purchasing power, which bode well for the economy.
Adeniyi Adeleye, Head of Real Estate Finance for Africa Regions
at Standard Bank acknowledged the critical role that the real estate
sector had played in Africa. “In a number of African countries,
Mr Adeleye said that Standard Bank’s real estate finance
team was able to draw on the broader bank’s full service
offering and utilise its advisory and capital markets expertise
to draw insights and capabilities of the whole bank to support
clients in their growth ambitions.” 2020 marks a new decade of
growth for the African real estate market. Standard Bank Group
is the largest African bank by assets with a unique footprint
across 20 African countries.
For further information, go to www.standardbank.com
SOURCE Standard Bank
SA Real Estate Investor Magazine NOVEMBER/DECEMBER 2019
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