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WestProp to transfer Pomona City land to new company

By , based on Fingaz

Map: Zimbabwe

Zimbabwean property developer WestProp Holdings plans to transfer its Pomona City land portfolio to a new entity, Alpha Holdings Africa. The plan is intended to leave WestProp with its income-generating assets and improve its ability to pay dividends, the Financial Gazette reports.

Zimbabwean property developer WestProp Holdings plans to transfer the Pomona City land portfolio to a new company, Alpha Holdings Africa. The restructuring plan aims to separate the land from the income-generating assets retained by WestProp, according to Fingaz.

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