About us
Leading real estate investment, development and management company in Zambia
ReIZ hISTORY
We Have A Long History
Real Estate Investments Zambia Plc was originally the North Western Rhodesia Farmers Co-operative in the 1920’s. This was principally a commercial farmer’s co-op which secured the current location of Central Park on Cairo Road as a collection centre for farming produce. The Co-op went through various guises until after independence in 1964 when it was renamed the Zambian Farmers Co-operative. The construction of the Farmers House building was completed in the 1970’s, hence the name by which that property became known.
The subsequent key historical developments include:
In 1981 a limited liability company was formed called Farmers House Ltd to which all the real estate assets of the Co-op were transferred. The cooperative owners became shareholders of the new Company on a one-for-one share basis. From that time the Company was solely a real estate investment vehicle.
The business was therefore principally owned by commercial farmers which traded their shares on an annual basis at the AGM. It was felt that this should be changed and so the Directors actively reviewed the options for wider ownership of the business. The opportunity arose for the Company to become public under the Companies Act 1994. Thereafter the shareholders agreed to list the Company on the Lusaka Stock Exchange (LuSE) at the inception of this exchange. Farmers House Plc was registered in 1996 as the second company to list on LuSE.
Farmers House Plc entered into an active period of development of its flagship property at the time – Farmers House. The old building was completely refurbished in 1999/2000 and thereafter a phased development of what was renamed Central Park was undertaken. The Stock Exchange building was the final part of this development, which is a landmark as you enter the business district of Lusaka.
One of the key milestones in this period was the ‘rights issue’ in 2004, in which the Company actively encouraged and achieved the participation of institutional investors – these now make up a large portion of the shareholding, as demonstrated in the Governance section of this report.
In order to more actively reflect the core operations of the Group, Farmers House Plc was renamed in 2012 to Real Estate Investments Zambia Plc which also more accurately states that the Group is a property company and a “truly Zambian” business.
High-value properties that ensure stable returns
Our success is built on a strong foundation of values that guide our investment strategies, operations, and relationships with stakeholders.
To achieve the highest possible standards of the real estate industry while establishing our business as the property company of choice within Zambia.
To be Zambia's leading property investment and development company by the ownership of high-quality properties that are well constructed and managed
To achieve our mission by setting the highest ethical standards in our dealings with our tenants, service providers and stakeholders through attention to detail, commitment, sincerity and self-expression
REIZ is primarily involved in investment, development and restructuring of commercial and non-commercial property for commercial letting. The Group owns high grade office, retail, industrial and residential real estate portfolio in prime locations with a diverse tenant base. The diversity of our tenant base ensures that we maximize our property yield rates and always remain attractive from both an investment and financing perspective. REIZ attaches a premium on the value of its customers and efforts are employed towards creating and maintaining long lasting relationships through innovative and responsive business practices. REIZ has 100% ownership of the following properties with an indication of the major tenants:
Interest in joining us? Let's talk about your opportunity.
Are you looking for a secure, high-yield investment in Zambia’s real estate market? Join REIZ-REIT and be part of a growing portfolio of prime properties with strong returns and long-term value.
Our Wholly Owned Properties
- Arcades Development PLC
- Counting House Square
- Deloitte Square
- Eureka Park
- Parkway Industrial Park
- Nyerere Road
- Central Park
- Dedan Kimathi Road
- Southview Park
Key Tenants
- ABSA Bank Premier Branch
- Nu Metro Cinema
- Deloitte & Touche
- Konkola Copper Mines Plc
- Kazang Zambia
- Golden Coin Bureau De Change
- Africa Pride Insurance
- Zambia Industrial Commercial Bank (ZICB)
- Standard Chartered Bank
- Sybrin Systems
- Izwe Loans
REIZ Strategy Summary
Our business model aims to unlock value for all stakeholders, as we strive to operate within the following core principles:
- Experienced local understanding of the country’s regulatory framework, business environment and competitors taking advantage of these relationships resulting in consistent delivery.
- Passion and zeal for constant improvement in our tenant mix, market sizing, outlay and design of our assets to meet and satisfy local and international standards.
- Strong tenants comprising mostly blue-chip multinationals with long term lease contracts.
- Hard currency leases comprising US$ and Kwacha income underpinning revenue on long-term leases
- Focused delivery on assets classes (Commercial and Retail) that meets the local demand for consumers based on expertise obtained over the years in country.
Our strategic principles are underpinned by maintaining our shareholders returns as we continue to invest through our core activities which include:
- Acquisition of prime properties in prime areas
- Emphasizing the acquisition of assets using the yield based valuation
- Property investment in completed, income producing assets
- Timely disposal of non performing assets
- Rehabilitation of existing and acquired assets to meet the latest property standards in regards look and feel.
- Flexibility in tenants related needs to attain maximum client satisfaction that drives successful business performance.