{"id":69565,"date":"2024-05-23T18:51:22","date_gmt":"2024-05-23T18:51:22","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm"},"modified":"2024-05-23T19:03:12","modified_gmt":"2024-05-23T19:03:12","slug":"gipf-pumps-n494m-into-housing-firm","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm","title":{"rendered":"GIPF pumps N$494m into housing firm"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing Solutions (IHS). The firm specialises in housing projects, and provides funding and property management solutions.<\/p>\n

They also finance the development of energy-efficient (green) and affordable housing communities across Africa. GIPF\u2019s general manager for investments Conville Britz justified their latest investment at a groundbreaking ceremony at one of IHS\u2019 projects in Walvis Bay yesterday.<\/p>\n

\u201cWe need to earn a return on these investments, considering the regulations that govern how we, as pension funds, can invest. We can invest internationally or in neighbouring countries, and there is a local investment requirement that we need to meet,\u201d he said.<\/p>\n

The new development, Dune Hills, is currently being constructed next to Dunes Mall in Walvis Bay. So far, IHS has constructed over 1 700 housing units at the Bridge Park units in Okahandja, Khomas Hill in Windhoek, Pelican View and Kwankomo in Walvis Bay, as well as the Otjomuise Lifestyle Estate in Windhoek, amongst others.<\/p>\n

Britz stated that pension funds generally need to invest the contributions they receive from members and employers to meet their liabilities as people retire, change jobs, or die.<\/p>\n

He added that despite Namibia having a well-developed debt market, the government is the largest participant. \u201cIn terms of what IHS has delivered in Namibia, it\u2019s been decent and affordable housing, which helps address one of these developmental challenges.<\/p>\n

Our partnership with IHS and fellow institutional investors has shown what can be achieved in addressing these challenges, with decent and affordable housing being one of them,\u201d he continued.<\/p>\n

The type of developments and business models IHS implemented here previously might have seemed unlikely to succeed in Namibia due to cultural differences.<\/p>\n

\u201cPeople thought Namibians wouldn\u2019t want to live in flats or lock-and-go apartments, but this has been proven wrong. With over 2 100 units completed, and a further 862 under construction, high occupancy levels have been achieved, which many property investors would envy,\u201d Britz noted.<\/p>\n

He further said GIPF\u2019s investments in IHS, along with those of other investors, have exceeded N$1 billion. \u201cWe successfully attracted over 65% of this committed capital to Namibia, addressing a fundamental human need for decent and affordable housing.<\/p>\n

This investment not only provides decent accommodation for tenants, allowing them to live with dignity, but also creates jobs during the development process. The housing units are designed to save users money on utilities like electricity, which is something the teams at IHS can be proud of,\u201d he continued.<\/p>\n

Speaking on IHS\u2019 behalf, Henk Snyman said they started in South Africa about two decades ago. Since then, they have gone on to branch out to Namibia and Botswana.<\/p>\n

\u201cWe recently got another fund in Kenya as well, and have been supported by various institutional investors over the years. Locally, we\u2019ve built about 1 700 units to date that\u2019s in operation. In occupation after this development, which is 424 residential units, that number would be well over 2 000 units in Namibia alone,\u201d Snyman enthused.<\/p>\n

He added that this is quite significant, as the housing projects impact people\u2019s lives \u2013 not only through providing affordable housing solutions, but also by creating jobs.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing Solutions (IHS). The firm specialises in housing projects, and provides funding and property management solutions. They also finance the development of energy-efficient (green) and affordable housing communities across Africa. GIPF\u2019s general manager for investments Conville Britz […]<\/p>\n","protected":false},"author":84,"featured_media":69563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-69565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGIPF pumps N$494m into housing firm - Namibia<\/title>\n<meta name=\"description\" content=\"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIPF pumps N$494m into housing firm\" \/>\n<meta property=\"og:description\" content=\"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T18:51:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T19:03:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"491\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GIPF pumps N$494m into housing firm\",\"datePublished\":\"2024-05-23T18:51:22+00:00\",\"dateModified\":\"2024-05-23T19:03:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\"},\"wordCount\":543,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\",\"name\":\"GIPF pumps N$494m into housing firm - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg\",\"datePublished\":\"2024-05-23T18:51:22+00:00\",\"dateModified\":\"2024-05-23T19:03:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg\",\"width\":720,\"height\":491,\"caption\":\"GIPF pumps N$494m into housing firm\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GIPF pumps N$494m into housing firm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GIPF pumps N$494m into housing firm - Namibia","description":"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm","og_locale":"en_US","og_type":"article","og_title":"GIPF pumps N$494m into housing firm","og_description":"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-05-23T18:51:22+00:00","article_modified_time":"2024-05-23T19:03:12+00:00","og_image":[{"width":720,"height":491,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"GIPF pumps N$494m into housing firm","datePublished":"2024-05-23T18:51:22+00:00","dateModified":"2024-05-23T19:03:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm"},"wordCount":543,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg","keywords":["africa press","Africa Press-Namibia","namibia"],"articleSection":["all news","economy","head lines"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm","name":"GIPF pumps N$494m into housing firm - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg","datePublished":"2024-05-23T18:51:22+00:00","dateModified":"2024-05-23T19:03:12+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Government Institutions Pension Fund (GIPF) has invested N$494 million with real estate giant International Housing ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716478240.691401.jpg","width":720,"height":491,"caption":"GIPF pumps N$494m into housing firm"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/gipf-pumps-n494m-into-housing-firm#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"GIPF pumps N$494m into housing firm"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/69565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=69565"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/69565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/69563"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=69565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=69565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=69565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}