A USD36 million investment which will be used to fund the construction of 2,500 new and green residences and to create employment opportunities has been granted to a South African urban property fund.

Johannesburg-based affordable housing platform Divercity Urban Property Fund has received USD36 million via an investment round led by United Kingdom development finance institution (DFI) CDC Group.

For more information, please see https://iclg.com/alb/16722-an-investment-in-sa-affordable-housing