Tete, Mozambique

Tenanted by Vale and Barloworld, the VDE Housing Estate offers prime accommodation within Tete, and features 203 bedroom units.

Sport and recreation facilities such as tennis courts and a swimming pool complete the offering.

Property Details

Sector Icon - Corporate Accommodation

VDE Housing Estate

Corporate Accommodation Sector 
100% Ownership
Location: Tete, Mozambique
Anchor Tenant: Vale and Tsebo Serco
Acquisition Price: US$33.1 million
Valuation1 (as at 31 Dec 2020): US$70.7 million
Acquisition Date: Friday, 30 September 2016
WALE – GLA: 3.26
WALE – Income: 3.42
Land Title: Freehold
GLA1: 25 555 m² (203 Units)
EPRA Vacancy: 0.0%
Parking Bays: 200
EPRA NIY: 7.32%

Value presented proportional to ownership interest held, 100% GLA reported

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