11
Jun
Jun
Fusion announces the syndication launch, for a new $14.7 million commercial office development in the Upper Hill area of Nairobi, Kenya. The proposed development, in a highly sought-after location near the British and Japanese Embassies, is attracting considerable interest from investors.
This $10m financing closed today. Fusion underwrote the equity and senior lending for this transaction, working closely with the project promoters. This prestigious development will provide 145,000 sq ft of high quality office space to growing businesses in Nairobi, and will be ready for occupation by the end of 2014.
Fusion Group has recently agreed to finance the expansion of Mukono Bookshop Printing and Publishing Company Limited, based in Kampala, Uganda.
Fusion Group is proud to announce its first major real estate project in Rwanda: a financing of Kigali Heights Development Company (KHDC), based in Kigali. The $16m flagship project was won by Fusion in the face of significant competition from international developers.