Mobile Menu
Deals & Transactions

Conyers advises CITIC Construction and IFC on US$300 million aimed at affordable housing in Africa

June 2015 Sameer K. Tegally

CITIC Construction Co. Ltd, a wholly-owned subsidiary of the CITIC Group, China’s biggest conglomerate, and IFC, a member of the World Bank Group, appointed Conyers Dill & Pearman as transaction counsel on the structuring of their US$300 million investment platform.

The platform will develop affordable housing in sub-saharan Africa by partnering with local housing developers and providing long-term capital to develop 30,000 homes over the next five years. The size of each project will be in the range of 2,000 to 8,000 units and will be in accordance with IFC’s green building standards, delivering homes that are environmentally friendly and sustainable.

CITIC Construction has a proven track record in constructing and delivering large scale housing projects. The platform will start by developing homes in Kenya, Rwanda and Nigeria, expanding to other countries within sub-saharan Africa.

Sameer K. Tegally from Conyers’ Mauritius office advised on the matter.

 


Sameer K. Tegally
Partner

Venture Law Ltd | Mauritius   +230 404 9908


Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

expertise

Corporate


Related Jurisdictions

Mauritius


Related International Markets

Mauritius


Media Contact

For media enquiries, please contact media@conyersdill.com

Deals & Transactions

Conyers advises CITIC Construction and IFC on US$300 million aimed at affordable housing in Africa

08 June 2015 Sameer K. Tegally

CITIC Construction Co. Ltd, a wholly-owned subsidiary of the CITIC Group, China’s biggest conglomerate, and IFC, a member of the World Bank Group, appointed Conyers Dill & Pearman as transaction counsel on the structuring of their US$300 million investment platform.

The platform will develop affordable housing in sub-saharan Africa by partnering with local housing developers and providing long-term capital to develop 30,000 homes over the next five years. The size of each project will be in the range of 2,000 to 8,000 units and will be in accordance with IFC’s green building standards, delivering homes that are environmentally friendly and sustainable.

CITIC Construction has a proven track record in constructing and delivering large scale housing projects. The platform will start by developing homes in Kenya, Rwanda and Nigeria, expanding to other countries within sub-saharan Africa.

Sameer K. Tegally from Conyers’ Mauritius office advised on the matter.

 


Sameer K. Tegally
Partner

Venture Law Ltd | Mauritius   +230 404 9908


 

expertise

Corporate


JURISDICTION(S)

Mauritius


International Office(s)

Mauritius