Speaking at the Africa Hotel Investment Forum in Kigali, Rwanda, Xander Nijnens, Senior Vice-President, Hotels and Hospitality Group, JLL Sub-Saharan Africa, announced that Lux Island Resorts Limited has entered into an agreement to sell its Tamassa resort on the Indian Ocean Island of Mauritius for US$40 million.

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, today announced the successful acquisition of the Tamassa Resort, located in Bel Ombre on the south western coast of Mauritius.

Mara Delta is set to convert its Moroccan subsidiary into a real estate investment trust by the end of 2016.

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, today announced robust financial results for the year ended 30 June 2016.  

Delta Property Fund is coming under pressure as it struggles to impress investors given its mostly government-tenanted office portfolio.

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 has earmarked a further US$ 110 million for investment into Mozambique.

Mara Delta (formerly Delta Africa) announced that it is looking into investing a further US$ 110 million into Mozambique, by acquiring an additional four properties, as well as the second stage development of its Anadarko building.

Mara Delta (formerly Delta Africa) announced its acquisition of a 50% interest in a new A-grade Zambian retail property from Rockcastle Global Real Estate Company.