First Mutual Properties

Topic : First Mutual Properties

FMP rental collection rate declines

Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.

By Tatira Zwinoira May. 9, 2025

First Mutual Properties records US$57,28m loss in FY24

Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.

By Tafadzwa Mhlanga May. 6, 2025

First Mutual Properties records US$57,28m loss in FY24

FMP defies uncertainty and invests in lucrative properties

Significant progress has been made on the project and it is nearing completion, Moyo revealed.

By Staff Reporter Sep. 27, 2024

FMP defies uncertainty and invests in lucrative properties

CBZ Holdings eyes regional expansion

CBZ recently completed the acquisition of FMHL, which increased its shareholding to 36,35% in September 2023, and has since made a mandatory offer for the remaining shares.

By Melody Chikono Aug. 25, 2024

First Mutual leans on profitable properties

In its latest financial results, FMP chairperson Elisha Moyo said the firm aimed to protect its assets.

By Belinda Chiroodza Apr. 1, 2024

First Mutual leans on profitable properties

Foreign investors ditch Zim capital markets

Delta had the largest market cap of ZWL$4,58 trillion, followed by Econet which ended the year at ZWL$2,53 trillion.

By Mthandazo Nyoni Jan. 29, 2024

Foreign investors ditch Zim capital markets

FMP to invest in lucrative properties

Moyo said progress at the Arundel Office Park extension was currently at 60%. The construction of a four-storey university students housing facility in Chinhoyi is also progressing well.

By Melody Chikono Sep. 21, 2023