9 June 2015

Xterra Capital Advisors

Nigeria: Xterra Capital Advisors Fund Enters Partnership Agreements with East Africa's Leading Developers

press release

Johannesburg — Xterra Capital Advisors, the promoter of the upcoming Xterra Property Development Fund has entered into a partnership agreement with AMS Properties and, HassConsult in Kenya.

Under the terms of the agreement, AMS Properties and Hass Consult will participate in the upcoming listing of the Fund in September. The Funds will then invest in key new developments and completed commercial properties promoted by the developers.

The East Africa Portfolio includes large scale mixed use developments, new and income earning, commercial properties and upscale hospitality properties. The total value of Equity Capital to be raised by the Fund is in excess of $100 million.

Wagane Diouf, the CEO of Xterra Capital Advisors stated, "Kenya is an important market in the East Africa region and on the continent. The Real Estate sector in Kenya is one of the fastest growing on the continent and has outperformed all emerging markets in terms of returns for the past few years.
Our partners have an impressive track record of successful delivery of large-scale developments in Kenya that spans over 20 years. We are confident in the success of our partnership."

"When we embarked on the project of building one of the Continent's first Pan African Real Estate Development Funds for Africa, we made the conscious decision to align the fund exclusively with the best development firms available. We also made the decisions to work with Developers from all regions of the continent in order to benefit from strong local knowledge and experience.
"The agreements with AMS Properties and Hass-Consult is the best illustration of the execution of our strategy", stated Ali Hussein, East Africa Partner at Xterra Capital Advisors.

Fund Mobilization is key to quick turnaround of projects in our region. We have been looking for a partner who has the experience and right skill sets to partner with in various projects in our pipeline. The team at Xterra Capital fit that bill and we are excited to be partnering with them" said Farhana Hassanali-Hashmani, the Property Development Director at Hass-Consult..

Ronal Samani, the Director Property Development is optimistic that this partnership will add immense value for them in terms of giving them a clear strategy on how to execute a number of key projects in their pipeline. "Africa Rising is the new narrative that is becoming clear in the Real Estate Space in Africa. We are humbled to be part of this story" he said.

Ibrahim Sagna, Managing Partner at Century Private Investments (www.centuryprivate.com), a founding institutional investor of XTerra, added "In today's global Real Estate Investment environment partnerships are critical toward achieving corporate objectives. The synergies brought about by these partnerships in East Africa are a clear indication that increasingly for investors to achieve their objectives, they must bring together different and diverse skills & resources to the table. We are humbled by HassConsult's and AMS Properties' confidence in XTerra.

About XTerra Capital Advisors (www.xterracapital.com):

Xterra Capital Advisors is a Licensed Fund Management Advisory Company based in Mauritius. The objective of the company is to raise equity and debt capital for commercial developments in Africa.

Xterra Capital Advisors is in the process of launching one of the first Pan African Listed Property Development Funds in partnership with Africa's best Development Companies.

The fund, due to list in September, 2015, will mobilize $300 million in equity capital for investment in pre-identified and vetted development projects across the continent. The Fund will also secure debt facilities from Global financial institutions in order to finance the projects.

Xterra Capital Advisors is offering selected African Developers an opportunity to raise Equity Funding for their flagship projects via the listing of Xterra Property Development Fund on the Mauritius Stock Exchange. In addition to including commercial and retail projects in the Fund's portfolio, Development Partners are offered Preference shares in the Fund Management Company.

About AMS Properties – (www.amsproperties.com)

AMS Properties Ltd, a pioneer in the property industry has been developing properties for almost two decades now.

The brand has a reputation for investment integrity, quality finishes and on time delivery.

With a proven track record of over 7,000,000 Sq, feet built up area being delivered and having attained several international property awards, the AMS brand is well respected in the market and is now a Superbrand.

About Hassconsult – (www.hassconsult.co.ke)

HassConsult Limited was formed in 1992 with a vision to establish a comprehensive Real Estate firm that reinvented the market patterns by introducing transparency, integrity and professionalism in a market calling for more global standards.

HassConsult with its wealth of experience continuously reaps new benefits from opportunities presented by changing market dynamics as well as evolving business and property cycles. As a policy, HassConsult works towards new innovations and continually brings dynamism to the industry in Kenya - be it the launch of off-plan developments or the introduction of versatile financial structures for property developments, which have propelled the industry into new directions.

With our personalized touch and keen attention to client needs, we have carved out a niche in the market as the trendsetters and benchmark for the real estate industry, and continue to bring a global touch to the Kenyan market emerging as a property leader in this developing country where real estate still remains one of the most lucrative investments.

We are proud to announce a variety of services ranging from new property development and consultancy to letting, selling and managing of residential and commercial properties, and more recently valuations of all kinds of real estate, including hotels, businesses and industries.

Contacts:

Ali Hussein, East Africa Partner, Xterra Capital Advisors : Ali@ Xterra Capital.com +254 713 601113 (Nairobi Office)
Wagane Diouf, Managing Partner, Xterra Capital Advisors: Wagane@xterracapital.com , +27 76 244 25 11 (Johannesburg Office)
Anthony Bonnett, Vice President Assets Management, Xterra Capital Advisors: anthony@xterracapital.com +447472731694 (London Office)

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