POLITICS

Grace Mugabe risks losing all her properties in Mazowe

FORMER first lady Grace Mugabe risks losing all her properties in Mazowe including her famed Gushungo dairy operations and top-notch school there after the government indicated that it could re-alloca...

By Staff reporter | Published: 05 October 2019

POLITICS

Ex-Zipra fighters fume over properties

Former Zipra fighters have accused President Emmerson Mnangagwa of having double standards after government unveiled plans to compensate white commercial farmers, but remained mum on properties seized...

By Staff reporter | Published: 28 April 2019

CONSTRUCTION & PROPERTY

Craft Properties basks in international awards glory

A LOCAL property development firm, Craft Properties has won two international awards in US and France respectively in recognition of its contribution in leadership, quality, innovation and excellence ...

By Staff reporter | Published: 09 July 2018

CONSTRUCTION & PROPERTY

Occupancy levels at First Mutual Properties recover

FIRST Mutual Properties (FMP) revenue for the first four months of the year to April increased significantly compared to the same period last year.The company attributed the increase to a growth of oc...

By Staff reporter | Published: 07 June 2018

CONSTRUCTION & PROPERTY

Demand for residential properties grows

Listed property firm Mashonaland Holdings Limited says it has made progress on the development of two residential projects in Ruwa and Harare during the six months to March 31, 2018, as it taps into t...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Brighter days for First Mutual properties

First Mutual Properties occupancy levels are seen closing the year at 78% from the current levels buoyed by its office park in Harare's Arundel Park and industrial units as the firm banks on its diver...

By Staff reporter | Published: 01 June 2018

POLITICS

3 ex-ZBC bosses to lose properties

THreE former Zimbabwe Broadcasting Corporation (ZBC) top executives are set to lose their upmarket Harare properties which the national broadcaster claims were fraudulently acquired through bank loans...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Commercial properties haunt property firms

Commercial properties in Harare's central business district (CBD) have been problematic for property firms with rental income from the segment on a downward trend, latest figures from property compani...

By Staff reporter | Published: 16 April 2018

CONSTRUCTION & PROPERTY

Dawn Properties profits up 200%

Listed property firm, Dawn Properties, yesterday said its profits went up by 200 percent to $3 million in the full year to December 2017 due to improved rental collections. The group's chairperson, Ph...

By Staff reporter | Published: 29 March 2018

FINANCIAL SERVICES

First Mutual properties revenue declines

First Mutual Properties, a subsidiary of First Mutual Holdings, posted reduced revenues for the year ended December 31, 2017 as the sector suffered from increased voids and downward reviews on rentals...

By Staff reporter | Published: 26 March 2018

BUSINESS NEWS

Zipra renews bid to recover seized properties

Former Zimbabwe People's Revolutionary Army (Zipra) liberation struggle fighters are making frantic efforts to recover property worth millions of dollars seized by ex-president Robert Mugabe's regime ...

By Staff reporter | Published: 23 March 2018

INDUSTRIALS & ENERGY

National Foods to dispose of $3.7m properties

NATIONAL Foods Limited will within the next six months dispose of properties valued at $3.7 million that are non-core to the business comprising buildings and land.Board chair, Mr Todd Moyo, said this...

By Staff reporter | Published: 19 March 2018

POLITICS

Mugabe set to lose properties

Former President Robert Mugabe who allegedly seized 21 farms during his reign risk losing 20 of those farms as the new administration moves to recover property reportedly looted by the leader. The far...

By Staff reporter | Published: 07 March 2018

POLITICS

Mnangagwa in fresh Zapu properties headache

Zapu in conjunction with its former military wing Zipra has petitioned President Emmerson Mnangagwa over the return of properties that were confiscated by the State soon before the onset of Gukurahund...

By Staff reporter | Published: 17 January 2018

CONSTRUCTION & PROPERTY

Dawn Properties revenue up 23%

Dawn Properties' revenue for the six months to June 2017 jumped 23 percent to $2,278 million compared to $1,854 million on the back of improved performance from the group's hotel properties. The prope...

By Staff reporter | Published: 03 October 2017

OPINION

Old Mutual properties overpriced

Dear Editor, I would like to applaud efforts by the National Building Society (NBS) and the People's Own Savings Bank (POSB), on the provision of affordable houses and housing loans respectively. &nbs...

By Prosperity Mzila | Published: 31 August 2017

FINANCIAL SERVICES

MetBank acquires $6.8m investment properties

A LOCAL commercial bank, Metbank has acquired investment properties worth $6.8 million through the settlement of various loan exposures.In a financial statement for the half year ended June 30, 2017, ...

By Staff reporter | Published: 29 August 2017

ZIMBABWE

Dawn Properties to delist?

Dawn Properties (Dawn) might delist from the Zimbabwe Stock Exchange (ZSE) following an offer to acquire minority shares by major shareholder Brainworks Capital Management Limited (Brainworks).Brainwo...

By Staff reporter | Published: 21 June 2015

FINANCIAL SERVICES

ZB Financial Holdings disposes of two properties

Two ZB Financial Holdings companies have been let go by the group after low performance with no hope of clear sign of turning profits.Addressing the group's AGM Non-Executive Director Tendai Mafunda s...

By Staff reporter | Published: 27 June 2014

CONSTRUCTION & PROPERTY

Pearl Properties revenue down

ZIMBABWE Stock Exchange-listed concern, Pearl Properties, recorded below-target revenue of $2,9 million for the four months to April 30, due to increasing rent arrears.General manager Francis Nyambiri...

By Staff reporter | Published: 29 May 2014

CONSTRUCTION & PROPERTY

Dawn properties under the hammer

Dawn Properties Limited, which has gradually come under the orbit of new investors under the Brainworks banner, has put some of its prime properties - Great Zimbabwe Hotel, Hwange Safari Lodge and the...

By Staff reporter | Published: 31 March 2014

CONSTRUCTION & PROPERTY

Pearl Properties to spend $100m on project

PEARL Properties intends to spend as much as $100 million on the development of land it recently bought in Mt Pleasant in the medium term, a company official said yesterday.The company paid $9,6 milli...

By Business Reporter | Published: 28 March 2014

CONSTRUCTION & PROPERTY

Zim properties most expensive in region

The lack of affordable mortgage finance has made properties in Zimbabwe more expensive than most countries in the region exacerbated by high country risk, the Estate Agents Council of Zimbabwe says.EA...

By Staff reporter | Published: 23 January 2014

FINANCIAL SERVICES

Zim banks to auction properties

An increasing number of companies and individuals are losing real estate they pledged to banks and financial institutions as collateral for loans as the liquidity crunch continues as evidenced by auct...

By Staff reporter | Published: 06 December 2013

CONSTRUCTION & PROPERTY

Dawn Properties release improved results

Dawn Properties Limited released an improved set of results recording a 4% growth in revenue to $2.9m (2012: $2.8m). Reported operating profit increased by an impressive 185% mainly because of the rat...

By Staff reporter | Published: 28 November 2013
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