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
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