African Century Real Estate is developing high quality residential and commercial property in Mozambique
African Century Real Estate was formed in 2012 to invest in and develop property in sub-Saharan Africa.
The initial focus is on Mozambique, where there is an opportunity to benefit from the country’s substantial GDP growth resulting, in part, from the major discoveries of natural gas – currently proven reserves are over 120 tcf.
Initially, developments will focus on the north of the country, where there is strong demand for office, industrial, retail and residential property.
African Century Real Estate is managed by a Mozambique based management team with property development expertise from both Europe and Africa.
The business has secured various land holdings, and in May 2014 opened its first development, an apartment hotel in Palma. Further projects, comprising high quality office, residential, commercial and industrial developments, will be commenced over the coming year.
In 2015, African Century Real Estate secured funding from Takura and Norfund to facilitate further expansion of its developments.
For more information, please see http://www.acre.co.mz.