About

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About

About2025-01-08T15:50:51+02:00

Who We Are

Your Premier Partner in Zimbabwean Real Estate Development and Management

First Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe.

First Mutual Properties has a significant property portfolio, comprising some 124 178 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare.

Our Investment Case

What sets FMP apart as an investment opportunity

First Mutual Properties Limited (FMP), listed on the Zimbabwe Stock Exchange, presents a compelling investment opportunity in Zimbabwe’s real estate sector. With a diversified portfolio spanning office parks, industrial properties, suburban retail, and mixed-use developments, FMP demonstrates resilience and strategic growth.

First Mutual Properties demonstrates strong financial stability and consistent growth, showcasing its ability to navigate challenging economic environments. Through proactive asset management and rental reviews, the company has maintained high occupancy rates and enhanced its revenue performance. Its portfolio’s increased valuations highlight effective strategic management and alignment with market demands, positioning FMP as a dependable choice for investors seeking stability in the real estate sector.
The company is actively driving growth through strategic developments that cater to evolving market needs. Key projects such as office park extensions and student housing developments reflect its commitment to diversification and value creation. By focusing on sectors like industrial properties and suburban retail, FMP ensures resilience and adaptability in dynamic market conditions, further enhancing its reputation as a forward-thinking real estate leader.

FMP leads the way in sustainable real estate practices, integrating green building principles and innovative solutions across its portfolio. By adopting renewable energy, resource efficiency, and waste management initiatives, the company enhances tenant satisfaction and attracts high-profile clients. Its commitment to environmental and social governance ensures long-term sustainability, aligning with global trends and reinforcing its market leadership.

Meet our management team

Leadership That Drives Vision and Excellence

Meet our board of directors guiding our vision and strategy to elevate investor value.

Christopher K. Manyowa

Managing Director

Dulcie Kandwe

Company Secretary

Dumisani Leroy Tshabalala

Finance Executive

Tafadzwa Andrew Muzorewa

Head of Property Portfolio & Services

Andrew Manezhu

Project Manager

Esward Munyangadzi

Property Investment Manager

Shingai Munemero

Financial Accountant

Nyaradzo Chingodza

Senior Property Manager

Frequently asked questions

Find answers to the most common queries about First Mutual Properties Limited, from our services and investments to shareholder insights and beyond.

When do you release your financial results?2024-12-30T09:23:07+02:00

Our year-end is December. Abridged full year results are usually released in mid-March of the following year. Our half year-end is June, and the half year results are usually released in mid-September of the same year.

You may sign-up to receive email notifications of future release of our financial reports here.

How can I obtain a copy of the annual report and accounts?2024-12-30T09:23:32+02:00

An archive of our current and historical annual reports (together with other financial reports) is available on our website for download for free here.

You may sign-up to receive email notifications of future release of our financial reports here.

Can I have my dividends paid directly into my bank account?2024-12-30T09:24:03+02:00

Yes. Contact our transfer secretaries with your banking details by submitting a ticket here.

I would like to invest in the FMP shares but I am not sure of the requirements2024-12-30T09:24:34+02:00

You need the services of any registered stock broker in Zimbabwe in order to buy or sell shares listed on the Zimbabwe Stock Exchange. Their contact details are available on the stock exchange website.

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