Delta International to raise $90M to invest in African properties

Delta International Property Holdings Ltd. (DLI) plans to raise about $90 million over the next two months to fund the purchase of office and retail developments in Africa.

“We will buy shopping centers and offices that have tenants in place,” Louis Schnetler, 50, who will take over as chief executive officer on Aug. 1, said by phone today. “The fundraising will be half in equity and half through asset-backed loans.”

Read more: Delta International to Raise $90 Million for African Properties – Bloomberg.