Published: 11 September 2013

ZIMRE Property Investments Limited is pleased with the rate at which they are recovering the returns from their two projects in Harare and Masvingo.

The company has to date sold a total of 303 stands in its two projects namely the Zimre Park Masvingo and the Tynwald project.

The property firm has sold more than half of their stands at the Tynwald project.

"We have sold 151 stands worth $1,64 million and we are pleased with the rate of recovery.

"The Tynwald project is well on course as we have finished the inspection part. The Harare City Council gave us a partial compliance certificate, which we have been circulating for signatures.

We are expecting that by end of this month we will be given the final certificate," said an official who requested anonymity.

Zimre is also planning to build a shopping centre next year near its Tynwald project.

"The shopping centre is a project we intend to build which we are anticipating. We are looking at the catchment, the traffic flow around that area. We feel it is a good project," said the official.

The Masvingo Project, which has 338 stands in Rhodene an upmarket residential suburb in the city, has sold a total of 153 stands worth $2,69 million.
- herald

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