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Property

Harare worried over shopping mall delays

African Sun and the city council in 2008 entered into memorandum of understanding for the construction of a shopping mall and conference centre with underground parking on the land adjacent to Monomotapa Hotel. The project was also meant to upgrade the garden overlooking the Monomotapa Hotel.Minutes of a…

The Hyundai advance continues

 Even a device to measure paint thickness was pressed into service by Herr Winterkorn on the inner reaches of the tailgate, and then the VW design boss was summonsed by the big bwana to come and check out the steering column adjustment device.There's nothing unusual about droves of…

Property rights under spotlight

Radar, a Zimbabwe Stock Exchange listed company manufacturing building materials, recorded a US$37 million turnover from US$24 million despite disruptions at the group's key operation, Border Timbers Limited. Revenue for the year was, however, slightly lower than the US$40 million projected at the start of the same financial…

Qashqai hits the bull’s eye

Well six years down the road, it took me just 60 seconds behind the wheel to understand what the fuss has been about. This is one remarkably refined car albeit that "car" is not quite the right word to describe the Qashqai. I guess it falls into that…

‘Reforms needed to spur construction sector’

 M&R chairperson, Paddy Zhanda, said the construction industry has continued to suffer from the slow pace of reforms by the coalition government formed in 2009 to stabilise the once crisis-torn economy.The group's revenue nearly doubled to US$35 million during the year to 30 June 2011, from US$18 million…

Frankfurt’s feast of first-time models

 It's very hard though to avoid the attractions of smoked salmon and tender ham, foot-long frankfurters and Veltins Pilsener, while scanning the array of eye-pleasing metal below.  Held every two years, the Frankfurt Auto Show is criticised by some as being too sterile (whatever that means) but if…

TN secures prime space

This comes on the back of sluggish take up for office space in Harare's central business district. Before TN secured the lease, rival Kingdom Banking Limited, occupied the prime property located at the heart of Harare's central business district.TN Group chief finance officer, George Nyashanu, said: "We recently…

Highdon boss Chapfika loses house to bank

Chapfika, who is a brother to chairperson of the country's empowerment board, David Chapfika, is part of a consortium called Needgate which was once selected by government to purchase a 15 percent stake in platinum giant, Zimplats, a unit of South Africa's Implats.Needgate had later been replaced by…

Types of sellers on local market

 The low to medium price range is in short supply especially residential stands. However, low density - middle price range to up market is not easy to sell since there is a dearth of able buyers. It is interesting to note that people buy properties whether in a…

ZPI revenue up 53pc

ZPI, a ZSE-listed property concern, achieved a US$1,1 million profit after tax in June compared to US$318 000 recorded during the same period last year on the back of adjustment in retail rentals and property disposals. "The company's market cap grew to US$22,3 million, from US$9,4 million comparatively. Retail…