Acquisition of 100% of RMB Westport Real Estate Development Fund Limited (RMB Westport) by Growthpoint Investec African Properties (GIAP)

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Published on 27 Mar 20

 

UUBO is pleased to have advised Growthpoint Investec African Properties (GIAP) on its acquisition of 100% of RMB Westport Real Estate Development Fund Limited (RMB Westport). The acquisition gives GIAP a real estate asset base of approximately $500 million and a presence across a number of Sub-Saharan African countries with the majority of exposure in key cities in Nigeria, Ghana and Zambia.

UUBO advised GIAP on the Nigerian real property and M&A aspects of this deal and was retained by GIAP and RMB Westport to obtain the approval of the Federal Competition & Consumer Protection Commission to the acquisition.

The UUBO team that advised on this deal was led by Aniekan Ukapnah and Ozofu ’Latunde Ogiemudia with support from Amina Ibrahim, Dolapo Akinola and Marcus Ojaruega.

To learn more about our real property, mergers and acquisition and other practice area offerings, please email uubo@uubo.org and visit www.uubo.org.