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[QUOTE="Queen, post: 88551, member: 27"]
Masholds is ditching the old CBD strategy and betting big on suburban housing after watching businesses flee the city center.

Shifting focus to the suburbs
[LIST]
[*]Businesses are ditching Harare’s CBD for hubs like Newlands and Mt Pleasant.
[*]Suburban office yields are at 9% while CBD assets lag at 6%.
[*]Masholds is repositioning its portfolio to match what the market actually wants.
[*]Grace Bema said they’re improving building equipment to boost tenant experience.
[/LIST]
New projects are already moving
[LIST]
[*]The Pomona Commercial Centre hit 60% occupancy after opening in December.
[*]They’re building 30 upmarket apartments on Coronation Avenue in Greendale.
[*]Construction starts this quarter with all approvals already locked in.
[*]A 26.7-hectare site near Shurugwi will yield 445 medium-density stands.
[/LIST]
Revenue and occupancy are climbing
[LIST]
[*]Rental income jumped 12.6% to US$6.3 million last year.
[*]Chiyedza House is now 90% full with 90 SME offices and 40 retail shops.
[*]Total revenue grew 13% to US$8.1 million.
[*]Profit after tax landed at US$4.01 million, up 8% from 2024.
[/LIST]
[/QUOTE]

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