Zimbabwe: Tigere Moves to Expand Property Portfolio

Tigere Property Fund (Tigere REIT) has announced plans to expand its portfolio through the acquisition of two prime retail properties, the Greenfields Retail Centre and Phase 1 of the Zimre Park Retail Centre, for a combined value of approximately US$25.1 million.

The REIT said the proposed acquisitions are subject to unitholder approval and will be fully funded through the issuance of 770.5 million new Tigere REIT units.

This marks Tigere REIT’s second acquisition since its initial public…