Momentum Property Opportunities Fund will consist of special property opportunities developed by Eris Property Group specifically for this fund. Eris Property group is the Investment Manager for the fund. The Fund may invest in South Africa, Botswana, Namibia, Lesotho, Swaziland, and any other SADC country that may be approved by the Investment Committee.
The fund objective is to achieve income and capital growth by investing in developments and holding these until the target returns are achieved. The projects are de-risked through inter alia, due diligence on land, a guarantee on project costing from the developer, minimum pre-let requirement and obtaining a term sheet for funding.