tawandamusarurwa
Online Reporter
THE Tigere Property Fund is set to become Zimbabwe’s first listed Real Estate Investment Trust (REIT) following the publication on Friday of its prospectus and announcement of listing dates.
Tigere Property Fund is managed by property firm Terrace Africa Asset Management.
Terrace Africa Asset Management founder Mr Brett Abrahamse said: “We are delighted to announce the listing of the Tigere REIT, which is an important step in developing and strengthening the capital markets, as well as building a strong real estate sector within Zimbabwe.
“Our seed assets are already performing exceptionally well, with income and occupancy levels trading ahead of initial expectations.”
Tigere REIT is expected to provide an opportunity for investors to own a stake in high-quality commercial property through a highly regulated financial structure.
Tigere REIT was approved by the Securities and Exchange Commission in July 2022.
Bongani Ndlovu
Online Reporter