More than 800 real estate investors and developers from across Africa are to meet online to define a post covid-19 roadmap for the sector.
Speaking ahead of the 11th annual African Property Investment (API) Summit Virtual which is taking place online from 30 September – 01 October 2020, Standard Bank’s Head of Real Estate Finance, Africa Regions, Niyi Adeleye, commented that while the Covid-19 pandemic has impacted the sector, those with the necessary capital have continued to seize opportunities.
“Real estate investors that had dry powder (capital) and saw unique opportunities appeared to have continued to pursue these investments, albeit at a slower pace. On the other hand, investors that depended on external sources of capital appear to have mostly pushed their investment plans out, which is not surprising” said Adeleye
Having moved online for 2020, the API Summit Virtual will take place under the theme of Resilience, Opportunity & Innovation (ROI) and will again provide a platform for more than 800 delegates from 32 African and international countries to network, gain new insights and build for the post Covid-19 future.
As one of more than 100 speakers at this year’s online conference and representing one of Africa’s most proactive and largest lenders to the commercial property sector, Adeleye’s views on the investment implications for the sector post Covid-19, will be of key interest to this year’s delegates, said API Events’ Kfir Rusin, the host of the API Summit.
“2020 has been a challenging year for all, and the real estate sector has been hit particularly hard. We are now beginning to see investors and developers explore how they can identify opportunities, as well as building resilience and innovation into their current and future projects,” said Rusin.