ARM introduces Mixtra Africa, its new real estate driver

Asset & Resource Management Company Limited (ARM) has introduced Mixtra Africa, a Spanish economic and social housing builder it acquired in 2014.

The transaction was announced by the country manager of Mixta Africa in Nigeria, Kola Ashiru-Balogun at the ARM head office in Lagos.

According to Ashiru-Balogun, the initiative is part of the ARM Group’s strategy to restructure its real estate business in order to effectively take advantage of emerging opportunities in the Africa real estate sector.

“The structure facilitates the building of appropriate capacity from diverse disciplines in property development and management, as well as creates a sustainable funding platform for ARM’s real estate business. The transaction has translated into a business combination initiative between ARM Properties plc and Mixta Africa, with both entities trading under the Mixta Africa brand.

Ashiru-Balogun, stressed that the transition to Mixta was to establish ARM’s leadership position in Nigeria as well as leverage Mixta’s multi-country presence in the continent’s real estate and hospitality space.”

He further stated that “Mixta Africa now has a land bank of approximately 2.5 million sqm with close to 10,000 housing units delivered across Africa.”

The country manager of Mixta Africa in Nigeria also used the opportunity to talk about the official launch of the Mixta Africa brand in Nigeria and the formal name change from ARM Properties to Mixta Nigeria.

Mixta Africa is a leading real estate Company with operations in North and Sub-Saharan Africa, specializing in the development of affordable residential and premium commercial properties in Africa.

Upon full integration of the two businesses, the combined entity will have a presence in Morocco, Algeria, Senegal, Tunisia, Egypt, Mauritania, Cote d’Ivoire and Nigeria. Mixta Africa was incorporated in 2005, and has its headquarters in Barcelona, Spain.

 Modestus Anaesoronye