Leading property developer and investor Atterbury has successfully completed the first-phase development of the USD20 million Pemba Shopping in Mozambique’s north-eastern port city of Pemba, the capital city of the Cabo Delgado province.
Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced that it is looking into investing a further US$ 110 million into Mozambique, by acquiring an additional four properties, as well as the second stage development of its Anadarko building.
Mozambique has moved into the world’s spotlight with the rumblings of change in recent years as multinational companies have discovered substantial reserves of gas on land and offshore.
Delta Africa successfully acquired and transferred US$ 51.3 million of assets during the reporting period, including:
Africa has experienced growing private equity transaction flows.
Delta Africa, the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today announced a successful capital raise equivalent to ZAR 156 million.
Buoyed by impressive prospects in some parts of Africa, where demand outstrips supply of quality stock, JSE-listed Pivotal Property Fund is pushing ahead with its expansion into the hinterland. In addition to Nigeria – where the fund is invested in a27000m² office development on Victoria Island, its first cross-border asset (that is leased to Oando Oil & Gas) – Pivotal has its sights on opportunities elsewhere on the continent.
The performance of Mota-Engil in the construction of section 3 of the Nacala Railway Corridor was considered the best result in projects of the Brazilian Mining Company Vale in Africa.