Xterra Capital Advisors, a corporate finance advisory company focused on the real estate industry in Africa, has partnered with AMS Properties and HassConsult in Kenya.

Under the terms of the agreement, AMS Properties and Hass Consult will participate in the upcoming listing of the Xterra Africa Property Development Fund in September.

The Fund will then invest in key new developments and completed commercial properties promoted by the developers.

The East Africa portfolio includes large scale mixed use developments, new and income earning, commercial properties and upscale hospitality properties.

Wagane Diouf, CEO of Xterra Capital Advisors, said: "Kenya is an important market in the East Africa region and on the continent. The real estate sector in Kenya is one of the fastest growing on the continent and has outperformed all emerging markets in terms of returns for the past few years.”

“Our partners have an impressive track record of successful delivery of large-scale developments in Kenya that spans over 20 years. We are confident in the success of our partnership,” he added.

Xterra Africa Property Development Fund is a Pan-African Fund established and regulated by the Authorities in Mauritius.

The Fund will seek a listing on Mauritius stock exchange and initially aims to raise $300m from international investors.

The Management team of Xterra Capital Advisors is pioneering a partnership model with Africa's largest and most reputable developers in order to secure a large pipeline of prime development projects across the continent including Cote d'Ivoire, Ghana, Kenya, Namibia, Nigeria, Rwanda and South Africa.

The company has identified a total pipeline of ready opportunities exceeding $2.5bn.

Ali Hussein, East Africa Partner at Xterra Capital Advisors, said: "When we embarked on the project of building one of the continent's first Pan-African Real Estate Development Fund for Africa, we made the conscious decision to align the fund exclusively with the best development firms available. We also made the decisions to work with developers from all regions of the continent in order to benefit from strong local knowledge and experience.”

"The agreements with AMS Properties and Hass-Consult is the best illustration of the execution of our strategy,” he said.