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Byo requires US$115m for roads rehabilitation

THE Bulawayo City Council (BCC) has said it requires US$115 million to rehabilitate the country’s dilapidated roads, which have been in a state of neglect for many years. (more…)

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March 26, 2015

Property

Pearl to turn CBD offices into apartments

PEARL Properties Limited has moved to tackle an erosion of shareholder value sparked by the collapse of companies and movement of performing firms out of the Central Business Districts (CBDs), a situation that has affected rental income. (more…)

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March 26, 2015

Property

Byo hands over stands

THE Bulawayo City Council (BCC), battling a housing backlog of over 100 000, last week handed over nearly 400 serviced residential stands in a new suburb, Emhlangeni, to residents as part of its pre-sell housing projects. (more…)

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March 12, 2015

Property

PG converts debentures into equity

BUILDINGS material group, PG Industries Zimbabwe Limited, which has been implementing a scheme of arrangement that is expected to rid the troubled building materials supplier of debts and reposition it for growth, says it will convert US$7,1 million of debentures into equity for holders of the commercial paper.…

March 5, 2015

Companies & Markets

Buyers interested in Nicoz properties

NICOZDIAMOND Insurance Limited says institutional investors, such as banks and pension funds, were among potential clients showing interest in about 20 cluster housing units it has completed in Harare. (more…)

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February 19, 2015

Companies & Markets

Construction flaws exposed

EXCESSIVE rains in Zimbabwe this season have exposed flaws in the country’s construction industry. Cracks developed and widened on a significant number of the newly constructed houses in several towns and cities. Newly constructed roads have been damaged, and government and local authorities are busy trying to repair…

February 12, 2015

Companies & Markets

Retailers abandon shops in protest

COMMERCIAL property tenants in Marondera took their wares from shops to the pavements in the town’s central business district (CBD) two weeks ago, as they protested against increasing numbers of informal, street traders camped outside their shops. The shop owners approached the Marondera’s local authority to deal with…

February 5, 2015

Property

Gloomy outlook for property counters

PROPERTY market counters face a gloomy outlook. During 2015, property prices woud continue on the downward trend, while rentals for office space in the country’s Central Business Districts (CBDs) would be hammered by an exodus of formal businesses relocating to other areas, a property market analyst said. Takunda…

January 29, 2015

Property

Move to protect historical buildings

THE National Museums and Monuments of Zimbabwe (NMMZ) and the City of Harare (CoH) have started putting plaques on selected historical buildings in the capital city as a way of marking them for protection from any alterations or demolitions. The move comes against the backdrop of the recent…

January 22, 2015

Property

Gulf Bazaar mall takes shape

THE US$10 million joint-venture project between the City of Harare and an international private property developer, is taking shape on an open space along Simon Mazorodze Road next to the city’s oldest suburb of Mbare. The project, which involves the construction of about 500 shops and industrial incubators,…