ZIMBABWE’s fastest growing property firm, WestProp Holdings will list on the Victoria Falls Stock Exchange (VFEX) today, according to a statement released yesterday.
Michael Louis, the WestProp chairperson said trading would commence on Monday next week.
“Further to the notice we issued on 29th of April, we wish to advise all our existing and prospective clients that WestProp Holdings Limited has achieved full compliance and regulatory approval for the listing of its ordinary shares by way of introduction and as such, trading will commence on May 8, 2023,” Louis said.
“Further to the above approval, we are also pleased to announce that our delayed listing ceremony will now take place on May 5, 2023 to celebrate this milestone.
“We remain committed to our strategy statement to put one billion bricks in the ground by 2050 and build up the nation of Zimbabwe with our live, shop and play world class lifestyle communities,” he added.
WestProp will become the first property firm to list on VFEX, where several big counters have trooped this year, attracted by its US-indexed trading system.
The company’s chief executive officer, Ken Sharpe also told delegates who were attending a Capital Markets Conference in London last month that significant work had been made to transform the business.
“Significant strides in this regard have been achieved as the vision is bearing fruit as evidenced through the developments at Pomona City, Millennium Heights and Pokugara Residential Estate with future flagship developments of the Mall of Zimbabwe and The Hills Lifestyle Estate adding on to this impetus of growing an asset value of US$5 billion within the next 27 years,” Sharpe said.
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“Our company’s business model is premised around fulfilling the needs of customers through the role of master planner, financier and developer of appropriately designed, sustainably built residential and commercial properties within the greater Harare area.”