Project: Acacia Estate Acquisition Of Interest

Location: Maputo, Mozambique

acacia estate development
Building Name Acacia Estate
Property Description Corporate Accommodation
Physical Address Maputo, Mozambique
Site Area 23,242m²
GBA 19,203m²
GLA 18,400m²
Start Date 2014
Efficiency Ratio 96%
No. of Parking Bays 170 Parking Spaces
Completion date October 2016
acacia estate development
acacia estate development
acacia estate development
acacia estate development

The Acacia Estate development in Maputo, Mozambique comprises of a 76-unit luxury modern housing complex tenanted on long term commercial leases by the United States Government and the French based oil and gas company, Total, who acquired the interests of Anadarko in September 2019 in Mozambique. The estate has been purpose built to the tenants’ unique requirements.

In October 2020, GREA, strategically increased its exposure to assets with embassy and multinational tenant profiles, by acquiring a 19.9% interest in Acacia from external third parties and 26.65% from Grit Real Estate Income Group Limited. On conclusion of the transaction, GREA’s ownership in the property increased to 46.6%.

acacia estate development
acacia estate development