Responding to South Africa’s shortage of beds for students, Momentum Investments partnered with Eris Properties to invest in affordable student housing in the country.
The Momentum Infrastructure Social Fund portfolio holds a mix of debt and equity products and targets investments in higher education student housing as well as rural and peri-urban retail shopping centres.
The South African government has stated there is a 400,000 shortfall of beds missing from student accommodation buildings associated with public universities and colleges.
Momentum began investing in student accommodation in 2018 when it acquired Rise Student Living, a fully-furnished student accommodation, consisting of 998 beds, located near the University of Pretoria. This started the firm’s interest in impact investing as “investors were ensured a future return through rental income”, while it also…
