Real estate fund acquires warehouses in Pemba, Mozambique

17 February 2016

Delta Africa acquired a warehouse complex in Pemba, the capital of Cabo Delgado province, northern Mozambique, announced the management company of the pan-African real estate investment fund.

The company said in a statement that the warehouse complex now acquired by the fund was regarded as “an opportunity to expand the presence of Delta Africa in Mozambique.”

In a statement, the fund management company said that future exploration of natural gas discovered in the Rovuma basin would lead to Pemba receiving a lot of investment both by companies that are involved in hydrocarbon exploration and by the Mozambican government.

Delta Africa, which is finalising the purchase of the complex from various entities, will spend US$ 8.5 million overall.

This fund already has two buildings in Mozambique in its portfolio, specifically in the capital, Maputo. One of the buildings has six storeys and is home to the offices of the Mozambican subsidiary of US group Anadarko Petroleum and other anchor tenants are KPMG, BP and Hollard Insurance. (macauhub/MZ)