Published: 13 March 2014

Fidelity Life Assurance has anchored its growth on Southview Park, a property development project, confident it will deliver a $30 million windfall if all the 5 974 stands are sold.  

Southview Park, which is located in south-west Harare was launched in 2012 on land purchased from CFI Holdings’ Crest Breeders for $3.3 million.

Chief executive Simon Chapereka told analysts yesterday that the group's major thrust for the year is the development of the Southview stands.

For this year alone, if 3 500 stands are sold, the group will have a total $32.37 million as proceeds but the total income would get to $34 million after accounting for $4.25 million interest income and taking out $2.62 million in insurance.
- herald

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