First Mutual Properties - The Zimbabwe Independent

Topic : First Mutual Properties

Harare CBD empties as firms shift to suburban hubs

Companies are increasingly favouring suburban locations such as Borrowdale, Avondale, Eastlea, Milton Park and Belvedere.

By Tatira Zwinoira May. 19, 2026

Harare CBD empties as firms shift to suburban hubs

Why FMP is delisting from ZSE

Explaining the decision, FMP cited tax considerations among the key drivers.

By Tatira Zwinoira May. 14, 2026

Foreign capital flees despite Zimbabwe’s mining boom

The AOF, a closed-end investment firm traded on the Specialist Fund Segment of the London Stock Exchange, detailed these structural hurdles in its 2025 annual report.

By Tatira Zwinoira May. 3, 2026

Foreign capital flees despite Zimbabwe’s mining boom

Exclusive office parks report strong uptake as Zimbabwe CBDs ‘decay’

Masimba Holdings chairman Gregory Sebborn said refurbishment works temporarily dented rental income in the period under review, but would support future growth.

By Mthandazo Nyoni Apr. 17, 2026

Exclusive office parks report strong uptake as Zimbabwe CBDs ‘decay’

First Mutual Properties weighs possible delisting from ZSE

This comes amid a movement of less than 1% in its market capitalisation on the ZSE, year to date, to US$45,74 million as of Wednesday, suggesting a subdued investor response.

By Tatira Zwinoira Feb. 27, 2026

First Mutual Properties weighs possible delisting from ZSE

First Mutual Properties back in the black

FMP recorded fair value gains of US$1,4 million on its investment properties, a sharp reversal from the US$54,9 million loss posted in the prior year.

By Ruth Maseko Nov. 17, 2025

First Mutual Properties back in the black

FMP rental collection rate declines

Management has intensified tenant engagement to recover arrears while diversifying its portfolio to reduce reliance on struggling payers.

By Tatira Zwinoira May. 9, 2025

First Mutual Properties records US$57,28m loss in FY24

Last year, FMP had an independent valuation of its property by realtor Knight Frank Zimbabwe, which reduced the company’s investment portfolio by 26,04%.

By Tafadzwa Mhlanga May. 6, 2025