Old Mutual Life plans US$46,2m REIT

OLD Mutual

OLD Mutual Life Assurance Company is targeting a US$46,2 million private placement to fund the de­velopment of its Old Mutual Development REIT, an­chored by the 47-hectare Grange Lifestyle Estate in Harare. The US dollar-denominated REIT is eyeing a Vic­toria Falls Stock Exchange listing in the fourth quar­ter of 2026, with subscriptions expected to open in…

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