AL has launched one of Africa’s first residential property funds targeting the rental sector in Prime African locations. This fund targets the acquisition and development of properties that appeal to high end and international clientele who are willing and able to afford a premium rent to guarantee high quality, property and management as well as unmatched locations. Funds under management are currently receiving Net yields in excess of 11% with capital value growth of 10-15% per annum.
AL also, plans to launch a hospitality fund seeking the acquisition and development of boutique hotels and serviced apartments in Prime African destinations. This fund is intended to take advantage of the growing tourist numbers in countries like Ghana and Kenya.