HARARE – WestProp Holdings, the leading real estate developer in Zimbabwe, has announced a management deal with Radisson Group, a renowned international hospitality brand, for the Radisson serviced apartments at Millennium Heights.
This landmark property, currently under development, will offer luxurious accommodations and world-class amenities, setting a new standard for luxury living in Harare.
The Radisson serviced apartments are an exciting development that will not only elevate the city’s hospitality landscape but also provide a unique investment opportunity for individuals.
WestProp has agreed with Nhoro Asset Management Pvt Ltd to offer its clients unit ownership in the Radisson serviced apartments, allowing investors to part-own this luxury property and enjoy potential long-term returns.
“By partnering with Radisson Group, we are confident that the management deal will benchmark luxury for hospitality in Harare,” said Mr. Ken Sharpe, CEO of WestProp.
“This development will not only attract tourists and business travelers but also provide a unique opportunity for investors to own a piece of this luxury property.
“We have SECZ approval for the Radisson serviced apartments as our first REIT which we intend to also list on the VFEX” he said.
The benefits of investing in the Radisson serviced apartments are:
-A share of the rental income guaranteed at 8% per year
-Access to luxury amenities
-Opportunity to stay in the aparthotel at a discounted rate
Units in the Radisson serviced apartments are available, starting at just $500 making this opportunity accessible to a wide range of investors as well as being a safe regulated investment with Kreston Trustees looking after the interests of the unit holders.
This development is expected to have a positive impact on Harare and Zimbabwe, creating jobs, stimulating economic growth, and showcasing the country’s potential as a premier tourist destination.
“We are excited to bring this world-class development to Harare and contribute to the city’s growth and development,” added Mr. Sharpe.
“The Radisson serviced apartments will be a game-changer for the city’s hospitality industry and a testament to WestProp’s commitment to delivering exceptional world class projects.”
For more information about the Radisson serviced apartments and unit trust investment opportunities, please contact WestProp Holdings marketing team.
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