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Bridging a skills gap

Region: West Africa, Ghana, Nigeria Investment date: 2010 Sector: Real Estate Exit date: Deal type: Real estate platform Status date: Current

To address the weak in-country development expertise in West Africa, Actis established Laurus Development Partners (‘Laurus’) in April 2010 to serve as a real estate development execution platform.

The company supports Actis’ West Africa real estate investment programme targeting development stage, environmentally sustainable A-grade office, retail and middle income residential developments, primarily in Nigeria and Ghana.

Laurus has built a team of experienced professionals with international expertise and deep local knowledge and relationships. Laurus, the Actis Real Estate team, and the Actis Responsible Investment team have been working to develop a green rating scheme tailored to the climatic and socio-economic conditions of West Africa.