GroupWave Limited Dream. Engage. Evolve.

GroupWave Ltd, based in Kenya, East Africa provides supply and demand side residential property solutions for the urban middle class by developing affordable housing supply and offering long term mortgage financing. The company is setting up a Mortgage Development Real Estate Investment Trust (m-DREIT) regulated by the Capital Markets Authority in Kenya. Kenya’s urban middle class mortgage market was estimated by the World Bank to be worth USD 800 million.
GroupWave is seeking vital experienced human capital and financial resources in order to transform this novel class of financial inclusivity into a successful venture. The company is seeking to raise USD 500,000 to set up a REIT Management Company in Kenya. The REIT will be used as the investment vehicle to attract USD 15 million financing for the initial project of 200 residential housing units. Financial projections of the project show a 47 percent internal rate of return and dividend yields of at least 4.5 percent.

Stage Unknown EST February 2012
Sectors Construction, Financial services, Real estate
Location Nairobi, Kenya
Markets Kenya, Mauritius, Rwanda, Tanzania, United Republic of, Uganda
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