Eagle Real Estate Investment Trust (REIT) unitholders have approved a plan to raise $35 million in capital through private placements on the Victoria Falls Stock Exchange (VFEX) over the next three years.
Following an AGM held on 8 July 2026, the Trust said authority was granted “to the trustee and the REIT manager to raise additional capital of up to US$35,000,000 through private placements over a period of thirty-six months, and to list units issued pursuant thereto”.
The capital is targeted at financing ongoing projects like the Victoria Falls mixed-use development and the Mazowe Walk Mall.
Eagle is a United States dollar-denominated development fund listed on the VFEX.
It reported an impressive 1100 percent year-over-year profit surge to US$213,936 in Q1 2026, exceeding budget expectations.
The solid performance was driven by improved residential stand sales and disciplined cost management, which allowed the trust to continue accelerating its retail and tourism development pipeline.
Looking ahead, Eagle has said it remains optimistic despite potential risks associated with global energy price fluctuations, which could increase development and operating costs.