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Gateway Real Estate Africa raises $200m for Kenya, Nigeria, Ghana growth

By David Whitehouse
Posted on Wednesday, 14 July 2021 20:42, updated on Thursday, 15 July 2021 08:21

Gateway Real Estate Africa CEO Greg Pearson. Photo supplied.

Gateway Real Estate Africa (GREA) has raised more than $200m in equity and debt to fund its expansion in Kenya, Nigeria, Ghana and Mauritius, CEO Greg Pearson tells The Africa Report.

The amount will increase by the time the fundraising ends in early October, Pearson adds.

The fund will use the money to increase investments in data centres, as well as embassy, educational, healthcare and light industry properties.

Data connection

Africa needs more data centres. Only a third of the continent’s 80 metropolitan areas with a population of more than one million have at least one built-for-purpose data centre, according to the Africa Data Centres Association and Xalam Analytics.