Pangaea Renaissance Property Development and Finance Services

©2008 Pangaea Renaissance Securities

Pangaea Renaissance is also involved in the development of Zambia’s first low- to moderate-income integrated housing estate development that will result in the establishment of a new “estate” consisting of over 5,000 fully serviced housing units, shopping areas, schools, clinics and all the related facilities.  The financing we have secured for this approximately US$ 80 million project will permit one of the affiliated companies to offer 15-year, fixed rate, Kwacha-denominated mortgages to qualifying Zambians.

In 2004-6, Pangaea Renaissance's Mr. Bruce Bouchard  also served as adviser to UN Habitat on a major, new UN General Assembly-mandated slum upgrade initiative that is seeking to attract private capital into infrastructure and superstructure facilities to serve the urban poor.  Pangaea’s role was one of developing an appropriate financial structure that will be acceptable to the various stakeholders and determining how the private sector can play an implementation role.

Pangaea Renaissance has been working on the development of a variety of new products to bring to the market, including:

Ř          Property-related investment vehicles;

Ř                        Infrastructure bonds; and

Ř                       Mortgage-backed securities resulting from the mortgage financing initiative mentioned above. 

Pangaea Renaissance has been involved in a number of property related transactions in Zambia, in a number of different capacities.  It has taken a financial advisory role for Farmers House and also assisted the public company raise capital through various financial instruments.  Assisted Zambian Breweries rehabilitate and dispose of a property on Malambo Road.  During the implementation stages of Arcades Shopping Centre, Pangaea/EMI was pivotal in raising essential pre-construction capital for the centre and providing advisory services.  In 2006,  the Company was part of a team that developed a new corporate head office for a Zambian blue chip company. 

 

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