African Century Real Estates Ltd.

Africa

Region

32.9

Committment (MNOK)

Scalable enterprises

Sector

Africa Century Real Estates Ltd (ACRE) is a developer of commercial and industrial property with operations in northern Mozambique.

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  • Sector: Scalable enterprises
  • Committment (MNOK): 32.9
  • Year: 2015
  • Region: Africa
  • Country: Mozambique
  • Domicile: Mauritius
  • Instrument: Equity & Loans
  • Status: Active

Special focus is on real estate development related to the development of the gas resources of the region. African Century Real Estate Ltd. has secured 45 ha. of land in attractive locations in Pemba (6 sites) and Palma (3 sites).

The company is a responsible developer and will contribute to generating a variety of direct employment opportunities as well as indirect jobs with the tenants. However, the most important long term indirect development effects of this investment are related to the building of the infrastructure and services to enable the development of the gas resources of the region, a government priority.