GIPF, as an anchor investor in the Tunga Real Estate Fund, has received N$21.7 million from the Fund as it grows investors’ capital.
The Fund, which is part of Old Mutual Alternative Investments Namibia, announced this last week.
GIPF received the allocation in line with its 99% shareholding in the Fund, bringing total distributions to GIPF to date to N$265,4 million. The remaining proceeds have been distributed to Old Mutual Investment Group Namibia (OMIGNAM), which holds a 1% co-investment stake.
Speaking at the cheque presentation ceremony, Sepo Haihambo, managing director of OMIGNAM, said the fund’s growth and ability to grow returns on investors’ capital reflects the strength and consistency of Namibia’s alternative investments landscape.
“This milestone reflects how long-term savings can be translated into real, productive investments that support Namibia’s development while still delivering returns for investors,” she said.
Haihambo indicated that alternative investments require discipline, strong governance and a clear sense of purpose, and it is through this approach that the Fund can deploy capital with both intent and impact.
Established in September 2011, GIPF remains the anchor investor in the Tunga Real Estate Fund, with OMIGNAM participating as a co-investor, aligning its investment strategy with national development priorities.
The Fund has built a diversified portfolio across the Namibian property sector, in towns like Arandis; Windhoek; Otjiwarongo; Grootfontein; Ondangwa; Oshakati; Oshikango and Rundu.
To date, eight investments have been made into shopping centres, office developments and affordable housing. Two have been fully exited, namely Rehoboth Shopping Centre and KwaNkhomo Housing Development in Kuisebmond, Walvis Bay.
