A new real estate fund is trying to raise twenty-five million bucks. The Pfuma REIT is doing a private placement before listing on the Victoria Falls exchange. It starts with two retail properties already in its portfolio, the Hogerty Hill and Chegutu shopping centers.
Tenants in those malls include TM Pick n Pay and Simbisa Brands restaurants. The fund expects to pay investors dividends each quarter. They plan to use the raised money to buy more properties in places like Harare and Chivhu, aiming to grow the portfolio value significantly. The manager is Arctic Blue, with CABS as the trustee.
Tenants in those malls include TM Pick n Pay and Simbisa Brands restaurants. The fund expects to pay investors dividends each quarter. They plan to use the raised money to buy more properties in places like Harare and Chivhu, aiming to grow the portfolio value significantly. The manager is Arctic Blue, with CABS as the trustee.
