Audrey Galawu- Assistant Editor
Mashonaland Holdings Limited has reported modest growth in the value of its investment property portfolio, which rose 2% to US$93.1 million as at 30 June 2025, from US$91.6 million in December 2024.
The real estate company recorded a capital gain of 1%, translating to a fair value uplift of nearly US$1 million at mid-year.
Despite subdued economic conditions, the company’s portfolio expansion reflects the resilience of prime retail and industrial assets, particularly those linked to USD-denominated leases.
Rental income from the portfolio increased 15% to US$3.1 million, supported by the onboarding of new tenants at the Pomona Commercial Centre, which was completed in late 2024.
The uptick in earnings helped sustain an occupancy rate of 88% across the portfolio, while rental collections remained strong at 92%, broadly in line with 2024 performance.
Chairperson Eng. Grace Bema noted that sustaining growth will depend on policy stability and continued investment in infrastructure.
“The property market is forecast to remain segmented, with sustained demand for USD-linked leases in prime suburban locations and industrial/logistics assets benefiting from mining and trade,” he said.
The company is also advancing new developments, including the Greendale Cluster stands, now fully sold off plan and expected to be serviced by August 2025.
The Pomona project continues to attract tenants, while the Van Praagh Day Hospital, handed over in 2024, has begun long-term rentals.
Mashonaland Holdings said it would remain focused on enhancing yields through strategic investments in high-demand suburban and industrial spaces while keeping a cautious stance on new developments.
By Nyashadzashe Ndoro - Chief ReporterSpeaker of Parliament, Jacob Mudenda, who leads the very institution tasked with independently scrutinizing the government and its agencies, is now under intens..
ZimbabweTamary KuditaAudrey Galawu- Assistant EditorTwelve years ago, a young girl walked through the halls of a museum on a school trip, quietly dreaming that one day, her work would grace those very walls..
ZimbabweMichael GwarisaSightsavers Zimbabwe has officially renewed its mandate with the Government of Zimbabwe, operating now under the country’s recently enacted Private Voluntary Organisation (PVO) Act.Th..
Zimbabwe
Leave Comments