Rutley Capital Partners announces intention to launch
East African Property Fund
Date: 24 September 2007 | 
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Rutley Capital Partners, the real estate private equity business of Knight Frank, in conjunction with
ICEA Asset Management, a subsidiary of the Insurance Company of East Africa (ICEA), announces
its intention to launch an East African Property Fund, prior to the end of the year.
It is intended that the Fund will invest in a balanced portfolio of prime properties, in prime locations in
selected countries throughout the East African region. Countries are to include Kenya, Uganda,
Tanzania, Malawi, Democratic Republic of the Congo, Zambia, Botswana, Namibia, Mauritius and
South Africa. The Fund will utilise the expertise of all the parties to acquire and manage the
properties and take advantage of the perceived increase in value and growth within the region, with
the intention of producing a return to investors of at least 20%.
Knight Frank has been operating in Africa for 42 years and has over 380 staff in 16 offices, in nine
African countries. In 2006, Knight Frank Africa leased over 229,000 sq m of property, and managed
in excess of 1.18 million sq m.
Rutley Capital Partners, the real estate private equity business of Knight Frank, is a specialist
manager of international real estate offering investment management services to institutions and
private investors with over US$2 billion of assets under management.
Knight Frank Corporate Finance has acted as lead placement agent for all the Rutley Funds
launched to date and have raised approximately US$447 million alongside leading investment banks.
This will be its fifth fund raising in the last two and a half years.
The Insurance Company of East Africa (ICEA), was established in 1964, with 7 offices in Kenya and
Uganda, employing over 290 staff. ICEA Asset Management is a subsidiary of ICEA.
Knight Frank Research recently released its first Pan African Property Report, covering the
commercial and residential property markets in 33 countries in Africa.
It is currently intended that information regarding the Fund, together with the results of detailed
country by country research will become available by mid October 2007.
For further information, please contact:
Rick Abbott, Rutley Capital Partners, +44 (0)20 7861 1165
Peter Welborn, Knight Frank Corporate Finance, +44 (0)7831 589 659
Olivia Gallimore, PR Manager, Knight Frank, +44 (0)20 7861 1035
Pavla Shaw, Brunswick, +44 (0)20 7396 7400
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