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Radar Holdings Targets Servicing 9 000 Stands In Bulawayo's "City Kings"

Radar Holdings Targets Servicing 9 000 Stands In Bulawayo's

Radar Holdings Limited – a property development and management firm – says it seeks to service close to 9 000 residential and commercial stands in Bulawayo to reduce the housing backlog which currently stands at 120 000 in Zimbabwe’s second-largest city.

In a presentation during the Africa Infrastructure and Construction Conference held in Bulawayo last Friday, Radar Holdings Limited’s finance director, Walter Zimunya, said the project also includes 14 private schools and hospitals. He said:

Bulawayo is battling a housing backlog of 120 000 and Kings City seeks to help in reducing the housing shortage in accordance with Government’s economic blueprint, NDS 1.

Kings City is a 2 100-hectare premium mixed-use development in Bulawayo, about 8km outside of Bulawayo City Centre.

The project will see up to 9 000 residential stands available to the market, augmented with up to 430 light industrial stands, several shopping centres, and 14 private schools, hospitals and other facilities.

Zimunya claimed that Radar Holdings has already started selling 500 fully serviced low-density residential stands whose size ranges from 2 000 to 4 000 square metres. He said:

In 2023, a further 900 stands will be released with sizes ranging from 600-1 500 square metres.

The high development standards in Kings City remain a key driving factor in their value proposition.

The outlook is to continue to create a new standard for real estate in the country that matches international criteria and competes at the same level, which in turn assures investors and customers alike high property values and long-term returns regardless of their reason for purchase.

| Chronicle

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