WestProp Holdings

WestProp Holdings Limited
FormerlyWest Property Company (Pvt) Limited
TypePublic
WPHL on the VFEX
FoundedSeptember 27, 2007 (2007-09-27) in Harare, Zimbabwe
FounderKen Sharpe

WestProp Holdings is a real estate development company in Zimbabwe. It is the first real estate company to be listed on the Victoria Falls Stock Exchange.[1][2]

Background

WestProp Holdings Ltd, formerly West Property Company Pvt Ltd was founded in 2007 by Kenneth Sharpe as a publicly traded property development company.[3] The company is known for its flagship developments projects that include Gunhill Rise,[4] Millennium Heights,[5][6] Pokugara residential estate[7] and mixed use smart city projects at Pomona city,[8][9] Warren Hills Golf Estate[10] and Mall of Zimbabwe,[11][12] a joint venture with Exemplar.[13][14]

In 2023, WestProp Holdings was approved for listing on the Victoria Falls Stock Exchange[15] becoming the first real estate company to list on the VFEX[16] and the listing became the first equity capital raise by way of preference shares in an Initial Public Offering (IPO) on the VFEX stock market.[17][18]

Awards

  • Company of the Year - National Property Services Industry awards 2020
  • Zimbabwe Top 100 Business Brands of the Year 2020
  • Real Estate Company of the year – Megafest Business Awards 2021[19]
  • Best Residential Development 20+units Zimbabwe - African and Arabian Laufen International Property Awards 2022 (Dubai)[20][21]
  • Real Estate Development Company of the year – Zimbabwe Infrastructure Investment Summit and Awards 2022
  • Top 20 outstanding organisations for the year 2022 – Megafest Business Awards[22]
  • Best Property Developer, Best Land Developer – Zimbabwe Business Awards 2023
  • Company of the year (construction industry) – Zimbabwe Business Awards 2023[23]
  • Organisation of the year 2023 - African Achievers Awards[24]

References

  1. ↑ Partner, Brandcom (April 4, 2023). "Zimbabwean property developer west properties lists IPO on the Victoria falls stock exchange VFEX". CNBC Africa.
  2. ↑ Mtutu, Tafara. "West Property plans VFEX listing". The Zimbabwe Independent.
  3. ↑ "WestProp and Ken Sharpe Sweep top Honours at Zimbabwe Business Awards". www.propertybook.co.zw.
  4. ↑ "WestProp considers 'lease holds'". April 7, 2021.
  5. ↑ "West Properties launches Millennium Heights – DailyNews". dailynews.co.zw.
  6. ↑ "West Property set to contribute massively to premium luxury housing in Zimbabwe - AfricaBusiness.com".
  7. ↑ Mzimkhulu, Lucky (January 26, 2023). "WestProp Gets A Green Light For An Exciting New State Of The Art Property Development".
  8. ↑ Ayemba, Dennis (April 5, 2021). "Massive housing projects for Borrowdale and Pomona areas, Zimbabwe". Construction Review Online.
  9. ↑ "West Property US$4 billion Pomona City project on cards".
  10. ↑ Mail, The Sunday. "Firm gets nod for Warren Hills golf course project". The Sunday Mail.
  11. ↑ "Zimbabwe: Construction of U.S.$100 Million Mall of Zim Set to Start". buildmartafrica.COM.
  12. ↑ "Aoapc Associación Des Organisations Africaines » Mall of Zimbabwe space take-up increases 75%".
  13. ↑ Staff Reporter. "Property developer commits billions into real estate projects". NewsDay.
  14. ↑ Writer, Guest (March 3, 2023). "West Property Zimbabwe". www.africa.com.
  15. ↑ "Zimbabwe's WestProp lists on Victoria Falls stock exchange". The Guardian. Lagos, Nigeria. March 29, 2023.
  16. ↑ Chronicle, The. "WestProp Holdings Limited eye VFEX listing". The Chronicle.
  17. ↑ Nigeria, Guardian. "Zimbabwe's WestProp lists on Victoria Falls stock exchange". african markets.
  18. ↑ Zwinoira, Tatira. "WestProp mulls REIT after VFEX listing". The Standard.
  19. ↑ "Businessman Sharpe scoops Megafest Award".
  20. ↑ "West Properties achieves international recognition".
  21. ↑ "West Properties wins big in Dubai | Business Times". businesstimes.co.zw. October 7, 2022.
  22. ↑ Staff Reporter. "West Properties bosses scoop Megafest top awards". NewsDay.
  23. ↑ Correspondent, Own (February 27, 2023). "Sharpe, West Property Dominate Zimbabwe Business Awards". {{cite web}}: |last= has generic name (help)
  24. ↑ https://www.263chat.com/westprop-awarded-the-best-african-organisation-of-the-year/
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