Developer identifies ways of raising funds for housing projects at London forum
http://ift.tt/eA8V8J By Kingsley Adegboye MANAGING Director and Chief Executive Officer, Propertygate Development and Investment PLC, Mr Adetokunbo Ajayi, has proposed measures to enable real estate developers in African continent raise funds internally rather than over-depending on foreign investors to execute their housing projects. Besides, Ajayi who addressed experts at the meeting of the African Chapter’s first Global Real Estate Institute GRI, Club in London recently with the theme “Trends Shifting in Real Estate Capital Flows in Sub- Sahara Africa, advocated the use of Real Estates Investment Trusts (REITS) as a potent window for enhanced financing of real estate investment. Ajayi explained that rather than depend solely on foreign investors for funds, real estate operators in the African continent should explore funding opportunities in an array of financial outlets such as pension funds, insurance companies and the capital market by leveraging REITs. “Instead of playe...