Vantage Capital Invests US$10 Million in Cap Tamarin (Sub-Saharan Africa)

Source(s): Vantage Capital

Africa-focused mezzanine and private credit fund manager Vantage Capital has provided US$10 million in mezzanine funding to Cap Tamarin, a residential and commercial real estate project in Mauritius to be built by property development group Trimetys. Cap Tamarin, located in the coastal village of Tamarin, will comprise a 400,000-square meter residential space consisting of apartments, senior homes, villas and houses, as well as more than 150 commercial offices and retail units. The project is expected to take seven years to develop, with the first phase to be completed in 2020.