WESTPROP HOLDING LIMITED SET TO EMBARKED ON PIPELINE PROJECT IN ZIMBABWE

WestProp Holdings Limited who is a listed firm under Victoria Falls Stock Exchange (VFEX) seems to be embarking on an ambitious journey with its substantial projects pipeline and focus on luxury real estate developments in Zimbabwe.

These projects are aimed at catering to the high-end and diaspora markets. The group’s investments committee approved an immediate projects pipeline of US$174 million during the first quarter of the year, with confirmed sales amounting to US$56.7 million.

According to the group, its pipeline will increase to over US$300 million by the second quarter of 2025, with a target of reaching US$100 million in sales per year by 2030.

Currently, the company have two major developments, Pomona City and The Hills Lifestyle Estate, are already underway. Pomona City is described as a “City within a city,” while The Hills Lifestyle Estate aims to be one of Africa’s premier golf estates. The Hills Lifestyle Estate was recently presented to potential investors in Washington DC, garnering interest from both in-person and online audiences.

WestProp Holdings Limited is planning to launch Pomona flats this year and announce the rest of the US$4 billion Pomona City during the first quarter of 2025. Additionally, negotiations are in the final stages for the construction of “The Mall of Zimbabwe,” the region’s first-ever regional mall, expected to commence post-mid-2024.

The move will see WestProp Holdings Limited positioning itself for significant growth and aims to set new standards for luxury real estate developments in Zimbabwe and the broader African region.

SOURCE: The Herald