Published: 6 hours ago

Property developer Mashonaland Holdings recorded a 15% rise in rental income to US$3.1 million for the half-year ended June, supported by new tenants at its Pomona Commercial Centre.

The Pomona development offers 14,000 square metres of lettable space, of which 6,500sqm has now been leased. The company said it is in ongoing discussions with prospective tenants to take up the remaining space.

The firm had initially earmarked retail giant OK Mart as the anchor tenant, but OK is currently reviewing its strategy as part of a broader turnaround effort.

In its market outlook, Mashonaland Holdings noted that the property sector is expected to remain segmented, with sustained demand for US dollar-linked leases in prime and suburban locations. It also projects increased appetite for industrial and logistics assets, driven largely by mining activity and regional trade.
- online

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