African Century Real Estates Ltd.

  • Region: Africa
  • Country: Mozambique
  • Sector: Other industrial partnerships
  • Year: 2015
  • Domicile: Mauritius
  • Instrument: Equity and loan
  • Commitment (MNOK) as of 31.12.2016: 129.6
  • Original Commitment (MNOK): 129.6

African Century Real Estate Ltd. (ACRE) is a real estate development and commercial property owner with operations in northern Mozambique. Special focus is on real estate development related to the development of the gas resources of the region. ACRE 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.

 

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo