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Xterra to back Nairobi property project with $114mln

Xterra Capital Advisors, which is in the process of raising up to $600 million in combined debt and equity, is reportedly planning to invest $114 million in 90,000 square meters of high-end mixed used development in Nairobi, which will be completed in 2018. The Mauritian property fund, which announced its fundraising plans in November, will invest 34% of the combined capital in Kenya’s property market, with other allocations planned for Nigeria, Ghana, Rwanda, South Africa and Uganda. 

Read more at Business Daily Africa…

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