Neighbourhood retail real estate across Africa.
MNQ acquires, owns and operates strip malls and mini malls across African markets.
Property type characteristics.
Tenant mix
Tenants include supermarkets, pharmacies and bank branches.
Supply
Neighbourhood retail space of this type is limited across these markets.
Lease structure
Leases are denominated in hard currency or indexed to local CPI.
Every acquisition is tested against the same four criteria.
Each acquisition is evaluated against the following before capital is committed.
Supermarket, pharmacy, or bank branch on a lease of five years or longer.
50,000 or more residents within a fifteen-minute walk; footfall independently verified.
Clean freehold or long leasehold title, held through an MNQ-controlled special purpose vehicle.
A minimum of nine per cent net operating yield at acquisition, before leverage.
Access is extended to qualified investors by direct introduction.
MNQ does not solicit public investment. This material is informational and does not constitute an offer.