Old Mutual Investment Group Managing Director Lionel Kannemeyer

Old Mutual invests in housing development

Old Mutual invests in housing development

Martin Endjala The Old Mutual has so far sourced out more than N$550 million for a new Infrastructure Fund. The company has invested more than N$200 million in land servicing projects in Windhoek, Swakopmund, Otavi and Walvis Bay. A further N$300 million for combined land servicing and affordable housing were invested in Otjiwarongo with 300 plots developed and 292 houses to be delivered. In Rundu 116 erven and more than 32 housing units delivered and in Mariental 56 plots were developed anew and 206 houses completed. This was revealed by the Old Mutual Investment Group Managing Director Lionel Kannemeyer over…
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