Almot Maqolo, Staff Writer 
TIGERE Real Estate Investment Trust (Tigere REIT) says several international investors have expressed willingness to invest up to U$100 million into various real estate projects that are under development.
REITs are an investment vehicle regulated under the Collective Investment Scheme Act following the issuance of SI 240 of 2019.
In November of this year, Tigere Property Fund became Zimbabwe’s first REIT to list on the Zimbabwe Stock Exchange (ZSE).
Terrace Africa managing director Brett Abrahamse, told The Financial Gazette that the regulated REIT structure provides liquidity and transparency for funds to flow.
“Our pipeline is easily over US$100 million. We have already started engaging potential investors, both local and abroad, to take up those investments and the pipeline will start rolling out early next year, which we are excited about,” he said.
“Harare, obviously is a key investment sector for us because of the economic growth that is happening here.”
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
