IFA Hotels & Resorts is set to a stake in Boschendal, a South Africa-based property company that is looking to develop a mixed-use development in Cape Town, according to Emirates Today. The company already has South African interests; it owns Zimbali Lodge and holds a 50% stake in the joint venture that developed Zimbali Coastal Resort in KwaZulu Natal. [AMEInfo.com]
Posted June 20, 2006
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