Zimre Property overturns loss position
Property concern, Zimre Property Investments Limited (ZPI), overturned a loss position to register $116 million profit for the half year to June 30, 2019, from a loss position of $0,2… Read more »
Category: Property
Zimre bounces back to profitability in H1
REAL estate firm, Zimre Property Investment (ZPI), returned to profitability in the half-year ending June this year, posting a net profit of $111.6 million from a loss of $200 000… Read more »
Old Mutual plans ‘massive’ Vic Falls hotel project
THE country’s largest financial services group, Old Mutual Zimbabwe Limited, is geographically diversifying its properties with a massive hotel development plan in the resort town of Victoria Falls.
Dawn in $200m housing project
Zimbabwe Stock Exchange-listed Dawn Properties Limited has started construction of the $200 million housing development of Marlborough Sunset Views in Harare. The project entails the delivery of 354 stands with… Read more »
Rural District Councils seek control of land levy collections
THE Association of Rural District Councils (ARDCs) has appealed to Government seeking control of land levy collections so as to boost their revenues. At the moment land levies are administered… Read more »
Tough Measures For Wetland Settlers, Including Long Cheng Plaza
The recently-appointed Minister of State for Harare Provincial Affairs, Engineer Oliver Chidawu, has said that the government was devising tough measures for wetland settlers. Reports suggest that these measures include… Read more »
Meikles requires US$30m to facelift its Harare hotel
Meikles Limited said on Friday it requires at least US$30 million to modernise its prime Harare hotel, which the group is in the process of selling to a Dubai based… Read more »
‘Real estate sector risks losing new capital’
Property firm, Cardinal Corporation, says the country’s real estate is now uncompetitive and risks losing out on new capital as investors look to developments in neighbouring countries that are more… Read more »
IDBZ US$1bn deal in limbo
The proposed US$1 billion infrastructure fund deal between the Infrastructure Bank of Zimbabwe and US-based Hondius Capital Management, could have made a little headway after the Reserve Bank of Zimbabwe… Read more »
US$17m stone crasher for Beta
Construction firm, Beta Holdings, is set to commission a US$17 million stone crusher in Mvurwi, about 40km north east of Harare as it seeks to diversify the range of its… Read more »