Project: Acacia Estate Acquisition Of Interest

Location: Maputo, Mozambique

The Acacia Estate development 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, Gateway Real Estate Africa (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
Building name Acacia Estate
Property description Corporate Accommodation
Physical address Maputo, Mozambique
Anchor tenants United States of America Government and Total
Site area 23,242m²
GBA 19,203m²
GLA 18,400m²
Completion date October 2016
acacia estate development
acacia estate development
acacia estate development
acacia estate development
acacia estate development
acacia estate development