WestProp to split business in US$129.8 million restructuring
WestProp Holdings plans to separate its flagship Pomona City land bank from its core property business in a major restructuring aimed at sharpening its focus as a listed real estate company, while also creating a standalone vehicle for fresh investment.
Tigere REIT pursues property acquisitions in H2 as rental income surges 97pct
Tigere Real Estate Investment Trust (REIT) says it is pursuing five property acquisitions in the second half of 2026, as it nearly doubled rental income and maintained strong occupancy in the half-year ended 30 June 2026.
Mortgage rates edge higher as US-Iran ceasefire falls apart
Mortgage rates moved higher this week as the US and Iran traded new strikes, sending bond yields and oil prices higher once again.
TSL diversifies revenue streams, ups investment in industrial property
TSL is expanding its investments in industrial property and logistics infrastructure as it seeks to diversify earnings and reduce heavy reliance on agriculture, which currently accounts for nearly three-quarters of the group’s revenue.
Residential property drives WestProp
WestProp Holdings (WestProp) recorded a 19 percent increase in revenue to US$34.64 million for the year ended 31 December 2025, reflecting sustained demand in the residential property segment, despite mounting operational constraints.
Zim mortgage financing remains constrained, most property transactions conducted in cash
Zimbabwe’s mortgage financing and credit markets remain constrained with more than 80 percent of property transactions being conducted in cash during the first quarter of 2026, according to First Mutual Wealth (FMW).
Masholdings declares $266 000 final dividend
The final dividend is in addition to a US$260,000 interim dividend paid during the period under review, bringing the total dividend declared for the year to US$526,000.
Shifting real estate dynamics lift First Mutual Properties
First Mutual Properties Limited (FM Properties) has returned to profitability, buoyed by increased dollarisation of rental income which improved cash flow predictability and portfolio valuations.
First Mutual Properties pursues ZSE delisting
The group, which announced plans to leave the trading platform in February this year, said it “remains engaged in negotiations and continues to evaluate a potential transaction to delist from the ZSE”.
MashHold posts revenue growth
The property group reported a 13% increase in revenue to US$8.1 million for the year ended December 31, 2025, up from US$7.2 million in the prior year.