WestProp Holdings plans a $300m capital raise within 3 months to accelerate projects, including the Hills Luxury Golf Estate.
WestProp Holdings, a listed Victoria Falls Stock Exchange company, plans a new capital raise within three months to accelerate projects including the $300m Hills Luxury Golf Estate. Following a year since their IPO raised less than a tenth of the needed amount, CEO Ken Sharpe emphasizes the importance of Zimbabwean investors and suggests banks provide mortgage facilities to support the real estate market. WestProp is exploring book building exercises to gauge market interest and capacity.
May 08, 2024
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