First Mutual Properties Limited | Trading update for the 5 months ended 31 May 2021

June 30, 2021|

Trading Update for the 5 months ended 31 May 2021

First Mutual Properties Limited releases a Trading Update for the 5 months ended 31 May 2021, presented at the Annual General Meeting held on 30 June 2021. Below are excerpts from the presentation:

PROPERTY DEVELOPMENTS

ARUNDEL OFFICE PARK EXPANSION:

Pre-construction Stage

  • Design development completed
  • Submission of plans to council to facilitate tendering
  • Pre-purchasing bricks completed and delivered to site
  • Fundraising ongoing
  • Construction to commence in H2 2021

FIRST MUTUAL PARK SOLAR PROJECT

  • EPC agreement finalized and signed
  • Equipment delivered to site
  • Contractor commenced works
  • System commissioning expected by 31 August 2021

Related download

FMP – Trading Update to 31 May 2021.pdf

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Latest news and corporate announcements from First Mutual Properties Limited (FMP.zw).

First Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe. First Mutual Properties has a significant property portfolio, comprising some 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare. First Mutual Properties is listed on the Zimbabwe Stock Exchange

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