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Southern Africa

South Africa’s Divercity Gets Funds For Housing Projects

Investment will fund the construction of 2,500 apartments.

December 13, 2023

By Sneha Abraham
French development agency Proparco and South Africa’s 27four Investment Managers have teamed up to invest Rand 550 million (US$28.9 million) in South Africa’s Divercity Urban Property Group alongside reinvestment from the group’s existing shareholders. Divercity is an investment platform focused on the development of affordable rental housing with supporting amenities in

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