Firm unveils multi-million dollar houses

HARARE - Local firm West Property Company (WPC) has unveiled a multi-million- dollar housing project in the leafy northern suburbs as part of complementing government on its five-year National Development Programme which seeks to provide decent housing to the populace.

WPC developed Harare’s middle density Mainways Meadows and Kuwadzana Phase Four suburbs among an impressive portfolio of projects within the property firm.

Under the unveiled multi-million-dollar project, WPC is constructing town houses and apartments under Pokugara Housing Estate and Homeland 263 in Borrowdale and Mt Pleasant, respectively.

Construction work has already started on high rise apartments, between Borrowdale and Alex Park, under the Seatrite development, which will cater mainly for the middle income groups.

“The number of apartments we plan to construct in the Borrowdale area are 1 068 apartments.  These will be a mixture of studio, one, two and three bedroom apartments. 

“This development will be in line with minister July Moyo’s recent remarks that Harare needs to densify as adequate serviced land is finite.  Our business model then is to construct multi-storey apartments at a price point that will be affordable and contribute to the national agenda on providing housing.

“We’ve also Pokugara Housing Estate, in Borrowdale, a more up market estate that will house approximately 130 units varying in size. We’ve got fifty four 2 000m² units that will have up market homes and cluster units,” WPC project manager Mandla Ndebele told the Daily News.

“We also have attached to Pokugara another housing development that we have engaged with our joint venture partners…in Mt Pleasant — Homeland 263 — which is an upmarket town house development and consists of 40 units.

“We have completed 12 units as part of phase 1 and I’m proud to say 80 percent of these units have been already been bought,” he added.

Zimbabwe has a serious housing backlog which is almost topping 1,4 million with the Harare City Council needing nearly half a million alone.

Government is currently working on an ambitious housing programme that will complement private property developers as it moves to mitigate the accommodation crisis.

Ndebele told the Daily News that the current economic crunch, while discomforting, has not swayed WPD from fulfilling its long-term projects.

 “Embarking on this project under these harsh economic times is a challenge but what we are doing is taking a long-term view on the country. 

“We are not here to just invest and leave. The long- term goal is to provide affordable accommodation to Zimbabweans.

“We’ve put in a lot of capital, resources and foreign direct investment to try and ensure capitalisation is available for the units that we intend to provide. 

“Once you develop in Zimbabwe you have to stay in Zimbabwe,” he said.

WPC developed over 2 300 residential stands in Mainway Meadows, sprawling middle density suburb near Waterfalls.


 

Comments (1)

When something sounds too good to be true it usually is. This article omits to mention that the directors of west property development are Michael van Blerk , who was recently arrested and spent 2 weeks in remand prison for fraud and is currently on bail and Kennth Sharp , who is on the run from the Zimbabwe anti corruption commission.

Tawanda Moyo - 2 January 2019

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