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Stanbic IBTC Holdings
12 Nov 2022

Stanbic IBTC Reaffirms Support for Real Estate and Mortgage Financing in Africa

The real estate sector remains resilient and has continued to grow, with expansion being seen across the traditional asset classes including retail, offices, industrial, residential and “new” alternative asset classes including digital (data centers), education (student accommodation) and medical assets.

In addition, the participants in the market continue to grow with increasing offshore and local players.
The real estate market has evolved and matured over the last ten to fifteen years whilst transiting through an asset creation and stabilisation phase. This saw the development of several retail offerings across both primary and secondary cities and resilience through two economic down cycles and the Covid-19 pandemic to the current consolidation or portfolio optimisation phase with the initial seed capital and investors being substituted with permanent capital to complete the investment cycle.

From a geographical perspective, Nigeria and Ghana are core markets in the region given the size and scope of opportunities across segments. The real estate asset class is long term in nature and will naturally be susceptible to macro headwinds. However, this has also demonstrated the resilience of the asset class as it has navigated a number of shocks over the past five to six years. A key impediment to growth remains capital and whilst we had seen a growth in offshore capital investments over the past decade which developed several retail mall and commercial office assets in the market, activity levels have been somewhat muted in recent years from a scale perspective. Liquidity in the asset class is key to further unlock investment in the sector and there needs to be a deepening of both institutional investors and developers to fully complete and optimize the investment cycle. In this regard, Stanbic IBTC has worked collaboratively and continues to engage key stakeholders as a thought leader in unbottling constraints.

Stanbic IBTC Bank continues to support its key clients with bespoke and innovative debt structuring solutions tailored specifically to the funding requirement, which is critical for developing real estate infrastructure on the continent.

Financing real estate projects requires a deep understanding of each asset class and underlying cash flow capabilities through economic cycles given the long-term nature of the asset class. Thus, being able to engage collaboratively with clients in proffering unique solutions, which support asset creation and stabilisation fundamental to growth, is critical.

In addition, given our strong investment banking capabilities, we are able to deliver an end-to-end capital formation benefit through the asset creation cycle via traditional debt solution to each special purpose vehicle until the consolidation phase with portfolio type deal structures which are increasingly administratively flexible and accretive to the client growth strategy.

In November 2022, Stanbic IBTC will be sponsoring the West Africa Property Investment Summit (WAPI) to show our ongoing commitment to support growth in Nigeria, and Africa as a whole. This year marks the 8th edition of the annual Summit which will take place in Lagos between Wednesday, 16 and Thursday, 17 November 2022. As the only regional annual event that connects international money to local opportunities and players, this year’s summit will play host to more than 80 speakers and 400 attendees over the two days.

Representing Stanbic IBTC are three of our most recognised contributors to the industry:


Topic and time

Muyiwa Oni, Regional Head, Equity Research, West Africa, Stanbic IBTC Bank

Macro-economic overview: Reflections and the road ahead.

Date: Wednesday, 16 November 2022

Time: 9:20am WAT

Duration: 20 minutes

A 20-minute moderated panel discussion

Oyinda Akinyemi, Executive Director and Head Equity Capital Markets Execution, Africa Regions, Standard Bank

Panelist: Institutional investments in West Africa: A new frontier of opportunities for founders and developers:

1. Listings of New REITS and specialized vehicles.
2. Green financing and development trends in WA real estate.

Date: Wednesday, 16 November 2022

Time: 10:25am WAT

Duration: 50 minutes

A 45-minute moderated panel discussion

Tola Akinhanmi, Head, Real Estate Finance, West Africa, Stanbic IBTC Capital

Panelist: State of the market: New and emerging frontiers in the new normal:

1. Future opportunities and changing demands.
2. Securing sufficient project finance and working capital.
3. Trends, regional performance and opportunities and shifting market dynamics.

Date: Wednesday, 16 November 2022

Time: 9:40am WAT

Duration: 45 minutes

A 45-minute moderated panel discussion