Novare was founded in South Africa in October 2000 as an independent investment advisory business.
In 2006, the management of Novare took a strategic decision to expand beyond the borders of South Africa. Novare Equity Partners was established as a private equity firm investing exclusively in sub-Saharan Africa outside of South Africa. Since then, the group has built an extensive network and gained valuable experience and insight into investing on the African continent, increasingly regarded as an investment destination of choice.
As a private equity fund manager with a specific mandate to invest in the real estate sector, both retail and commercial, our strategy is to leverage off the expansion of successful South African and international companies in the rest of Africa.
Given rising consumer spending by the increasingly affluent middle class in sub-Saharan Africa, the need for modern retail facilities far outstrips the current supply. Novare’s experience and risk mitigating strategies in Africa assist in identifying and implementing sound development opportunities as well as navigating the renowned challenging landscape.
The acquisition of strategically located urban real estate is integral to Novare’s investment process. By partnering with the largest and most successful retail companies in Africa as tenants, we are able to deliver superior investments to the market. We deal with premier financial institutions, high-end project and property management as well as construction companies to mitigate construction and development risks.
ADVISORY COUNCIL NOMINEE