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SUBSIDIARY NAME

STUDENT ACCOMMODATION AND HOUSING

COUNTRY

SOUTH AFRICA

SECTOR/ INDUSTRY

REAL STATE

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

August 1, 2022

ACQUISITION VALUATION

600 MILLION (Euro)

TOTAL ASSET VALUATION

1.6 BILLION (Euro)

REAL ESTATE

STUDENT ACCOMMODATION AND HOUSING by MBOVA INVESTMENTS (PTY) LTD acquired on August 1, 2022.

This project will provide the required accommodation to universities to accommodate their students in a safe and secure environment with facilities for sport and recreation.

In South Africa expensive service providers have accommodated many students and universities cannot manage the wellbeing of students. The accommodation is limited and demand exceeds supply in all areas of the country.

This address a major need in communities to accommodate students in a safe and secured environment conducive to education, sport and recreation.

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