PROJECT

Projects

Summary of Investment Information

Project Number

36987

Company Name

RMB WESTPORT REAL ESTATE DEVELOPMENT FUND II LP

Date SPI Disclosed

Dec 22, 2015

Country

Africa Region

Region

Africa

Projected Board Date

Jan 26, 2016

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 7, 2025

Department

Regional Industry - MAS Africa

Industry

Funds

Previous Events

Approved : Feb 1, 2016
Signed : Feb 5, 2016
Invested : Sep 15, 2016

Sector

Growth Equity Fund

Project Description

The proposed project involves a $40 million equity investment in RMB Westport Real Estate Development Fund II (“RMB 2” or the “Fund”) managed by RMB Westport Investments Limited (“RMB Westport” or “RMBW” or the “Manager. RMB 2 is seeking to raise US$450 million from Limited Partners (“LPs”) to develop retail, office and industrial properties in Sub-Saharan Africa (“SSA”), primarily Nigeria, Ghana, Angola and Ivory Coast. The Fund is a successor to RMB Westport Real Estate Development Fund I (“RMB1” or “Fund 1”), a 2012 vintage, US$256 million retail and office property development fund with investments in Nigeria, Ghana and Angola.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation