African property fund to raise $85m as retailers eye land

by | May 16, 2013 9:50 am



HBW Group Pty Ltd., a South African real-estate developer, plans to raise $85 million by selling shares in an African property fund as retailers look for land to expand in the world’s second-fastest growing region. African Land Investments Limited will list on the Johannesburg Stock Exchange in July and on the bourse in Lusaka, Zambia,…

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