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CONSTRUCTION WORLD
SEPTEMBER
2016
The Company has since 2014 invested in six landmark commercial
properties in Mozambique, collectively valued at USD160-million,
including landmark buildings such as the Anadarko, Hollard and
Vodacom buildings in the capital city of Maputo.
Head of developments, Greg Pearson commented: “We are confident
of the long term growth prospects in Mozambique. The challenges that
the country faces are not unique to emerging economies and we are
continuously engaging with the Banco de Moçambique on these matters.
“Mara Delta has a solid risk strategy in place which includes careful cash
flowmanagement around investments, our ability to manage flow of funds
through our liquidity facilities in Mauritius and ensuring our anchor tenants
are blue chip internationals, securing most of our leases in US dollars.
“We are currently engaging with financiers for a 7 to 10 year Mozam-
bique debt package to refinance the in-country debt and fund the
acquisition pipeline.”
With a management team with over 45 years combined African expe-
rience and relationships, as well as in-country asset and property manage-
INVESTMENT IN MOZAMBICAN REAL ESTATE
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, announced that it is
looking into investing a further USD110-million
into Mozambique, by acquiring an additional
four properties, as well as the second stage
development of its Anadarko building.
ment teams, the company is focused on creating significant shareholder
value ensuring consistent growth on the African continent.
“Real estate investment is a long term play, and we certainly remain
committed to the countries we invest in. We have long leases in place
and have diversified our portfolio in Mozambique significantly to manage
through the economic cycle,” Pearson added.
Mara Delta’s assets in Mozambique include commercial offices in
key strategic nodes and the Company recently diversified into corporate
accommodation as well as strategic retail centres and warehousing under
triple net leases. These assets are managed in-country by Mara Delta’s local
asset management team.
The Company, listed in Johannesburg and Mauritius, also holds a port-
folio of assets in Morocco, Zambia, Nigeria, Kenya and Mauritius.
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