Green City Homes
Green City Homes is an exciting new investment opportunity to increase the supply of sustainable and affordable housing in Africa and Asia, while delivering financial and social returns for investors.
Our objectives – of productive, sustainable and inclusive investment – mirror yours.
A catalytic opportunity
We need capital to make this vision work. Green City Homes has a target fund size of US$250m. Reall has already committed US$5m.
Interested in investing? Get in touch.
Introduction
Green City Homes works with local, socially motivated developers to tackle the growing urban housing crisis in Africa and Asia. The project will address gender inclusion and build communities that are accessible and diverse, and which enhance the socio-economic prospects of the homeowners. It has six priority markets: Ghana, India, Pakistan, Kenya, Nigeria and the Philippines.
Green City Homes – how it works
Impact
A initial investment in Green City Homes of USD$60 million over three years will build 3,181 green affordable homes, housing around 15,905 people, of which 7,952 are expected to be women and girls. 60% of the new homes will cost less than USD$28,000.
All homes will meet the internationally agreed environmental EDGE construction standards, reducing around 2,545 tonnes of greenhouse gas emissions and saving roughly 140 million litres of water per year.
Green City Homes will create approximately 15,000 jobs in the construction industry.
Missing Middle
Green City Homes will increase access to affordable housing for the ‘missing middle’. Typically, they are key workers – teachers, nurses, firefighters, police, house helpers – those who shape a community but are priced out of the housing market.
Image credits, WC Studio.
About Reall
Reall is a successful innovator and investor with more than 30 years’ experience in affordable housing in urban Africa and Asia. We have changed the lives of more than 3 million people. We have created 200,000 jobs, provided access to clean water to 465,000 people and improved sanitation for a million more.
We believe climate-smart affordable housing can deliver prosperity, catalyse socio-economic development, embed green growth, respond to Covid-19 and open new exchange and trade links. Affordable homes represent a £14 trillion investment opportunity and deliver 16 of the 17 United Nations’ Sustainable Development Goals.
Our developers are leaders throughout the housing ecosystem, from finance to innovation, to delivery, to technology.
