FMP bets on retail property returns

FMP reported that a blue-chip tenant occupied its new office block at Arundel Office Park during the quarter, reflecting continued demand for modern commercial space.

FIRST Mutual Properties (FMP) plans to scale up investment in the retail property segment, citing strong returns and growing demand for modern commercial spaces. The move comes as Zimbabwe’s retail property sector gains momentum, driven by the expansion of suburban shopping centres, formalisation of small-to-medium enterprise retail spaces and increasing interest in income-generating real estate…

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