Old Mutual Investment Group Managing Director Lionel Kannemeyer

29 Jun

Old Mutual facilitates housing in Mariental

ObserverNational NewsOld Mutual facilitates housing in Mariental, Old Mutual Investment Group Managing Director Lionel Kannemeyer

Tujoromajo Kasuto Old Mutual Investment Group has committed funding to the development of 224 serviced erven and the development of affordable houses in Mariental, the administrative capital of Hardap Region. The Tunga Real Estate Fund, an unlisted property and housing fund managed by the Old Mutual, completed the first phase of land servicing for 56 residential plots and handed over the infrastructure and services to the Mariental Municipality. According to a press statement issued today by Ashante Manetti, the group’s Acting Marketing and Communications Executive, sales have begun and the homes have been completed. ‘’A further sub division is underway…

14 Jun

Old Mutual invests in housing development

ObserverNational NewsN$300 million, Old Mutual Investment Group Managing Director Lionel Kannemeyer, Old Mutual invests in housing development

Martin Endjala The Old Mutual has so far sourced out more than N$550 million for a new Infrastructure Fund. The company has invested more than N$200 million in land servicing projects in Windhoek, Swakopmund, Otavi and Walvis Bay. A further N$300 million for combined land servicing and affordable housing were invested in Otjiwarongo with 300 plots developed and 292 houses to be delivered. In Rundu 116 erven and more than 32 housing units delivered and in Mariental 56 plots were developed anew and 206 houses completed. This was revealed by the Old Mutual Investment Group Managing Director Lionel Kannemeyer over…