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PPC sells Harare's 418-hectare Arlington Estate for $27m
Cement producer PPC has disposed of the 418-hectare Arlington Estate in Harare for $27m, generating $21.4m in net proceeds as it sheds non-core property.
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Zimbabwe
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Harare gives informal settlement owners 14 days to regularise or face demolition
Harare's acting town clerk has set a 9 November deadline for occupiers of targeted informal settlements to settle penalties, pay the land's intrinsic value and submit building plans, warning that enforcement will follow without further notice.
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Zimbabwe ratepayers tell government to fix its own buildings first
The Zimbabwe Union of Residents and Ratepayers Association says a directive ordering property owners to renovate dilapidated buildings or face penalties should not stand while public buildings remain in disrepair.
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Zimbabwe housing minister defends demolitions and warns land barons
Housing Minister Paul Mavima says demolishing illegal structures is a last resort against unplanned settlements, and warns that land barons who illegally subdivide and sell land will be prosecuted.
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Zimbabwe moves to write national compensation and relocation rules for displaced families
Zimbabwe's housing ministry has partnered with the Centre for Conflict Management and Transformation to draft a national compensation framework and relocation guidelines for communities displaced by development projects.
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Zimbabwe Turns to Rwanda for Affordable Housing Solutions
Zimbabwe's housing minister has hosted a Rwandan delegation in Harare to draw on Rwanda's experience in affordable housing financing and construction technology under a 2023 bilateral agreement.
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WestProp Revenue Rises 16.3% to US$14.9m as Property Sales Drive Growth
VFEX-listed property developer WestProp Holdings reported half-year revenue of US$14.91 million, up 16.3%, on strong sales at Millennium Heights and Pomona City and the consolidation of three new subsidiaries.
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Zimbabwe Has Paid USD508m to White Farmers Under Land Compensation Deal
Zimbabwe has paid about USD508 million in compensation to white farmers whose land was seized during the fast-track land reform programme, part of a USD3.5 billion settlement reached in 2020.
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WestProp's ED Block at Millennium Heights wins Africa Property Investment award
WestProp's ED Block at Millennium Heights in Harare has won the Best New Upmarket Residence Development award at the Africa Property Investment Summit Awards in Cape Town.