REITs to add depth to Zimbabwean Capital Market

0

Real estate investment trusts or REITs do not yet exist in Zimbabwe. This will not be the case for long as internationally ubiquitous investment security is soon to be introduced to the country’s investment landscape. Only 5 other countries in Africa have this security or asset class as part of their respective investment landscapes. The listed property sector in Zimbabwe on the stock exchange has been in a state of flux. The way that it looks right now is very different from the way that it looked like 15 to 20 years ago. There are only 2 pure play property companies listed on the Zimbabwe Stock Exchange namely Mashonaland Holdings and First Mutual Properties. Both companies are heavily involved in commercial and office real estate and to certain extent residential property. Over the last 5 years, two other companies that were listed under the property category were delisted and went private. The 2 companies are Zimre Property Investments Limited which was assimilated into its parent company Zimre Holdings Limited. The other company to leave the bourse was Dawn Properties Limited which used to own and manage some of the property assets of hotel and resorts group African Sun Limited. When

Subscribe to unlock this article

Login to read this article for free and get 3 free premium articles. Subscribe today for unlimited premium articles and more.

Digital Subscription – Monthly

Monthly renewing
You can cancel anytime.

$5 /Monthly

Digital Subscription – Annually

Monthly renewing
You can cancel anytime.

$40 /Annually

I am a financial services professional with a strong background in diverse areas of banking. My skill set includes among others International Banking, Trade Finance, Commercial Lending, Customer Service, Finance, Banking, Corporate Finance, and Investment Banking. Africa is my home and I am passionate about its development,

We hope you enjoyed your last Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

ACCESS YOUR
INSIGHT
INTO AFRICA

We hope you enjoyed your third Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

3 OUT OF 3
FREE ARTICLES FOR THIS MONTH

We hope you enjoyed your second Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

2 OUT OF 3
FREE ARTICLES FOR THIS MONTH

We hope you enjoyed your first Free Premium Article

Support Quality African Journalism and subscribe for less than $4.00 per month for unlimited access.

1 OUT OF 3
FREE ARTICLES FOR THIS MONTH