Jabi Lake Mall

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Actis Africa Real Estate Fund 2 LP (“AR2” or the “Sponsor”), an existing IFC client, is a closed-end private equity fund dedicated to investments in real estate companies and projects in East, West and Southern Africa, excluding South Africa. The Sponsor is undertaking a greenfield development of a shopping mall of international standard in Jabi Lake, Abuja, Nigeria (“the Project”). The Project will help to alleviate the supply gap of high quality retail space in Abuja. At completion the Project is expected to provide approximately 31,000 square meters of business infrastructure.Duval Properties Limited (“Duval”), as local partners, will co-sponsor the project by contributing land for the development; and AR2 will be the majority owner of the Project.