WestProp Holdings Ltd, a prominent real estate company in Zimbabwe, has made a strategic decision to go public on the Victoria Falls Stock Exchange, offering investors an opportunity to take a stake in the company.
CEO Kenneth Sharpe is confident that an investment in WestProp Holdings Ltd‘s property portfolio and projects will not only offer a safe and secure return, but also a chance to join hands in building Zimbabwe brick by brick.
Sharpe’s vision is to pioneer world-class, vertically integrated, premium lifestyle communities in Zimbabwe by 2050, delivering a trusted customer-centric ecosystem to live, work, shop and play.
The company aims to lay one billion bricks and spend $5 billion on construction projects.
WestProp Holdings Ltd has made great progress over the past few years with limited resources, having laid over 5 million bricks and with over 55 million committed bricks from existing sales.
Encouraging the public to invest in the company, Mr Kenneth Sharpe said investing in WestProp Holdings Ltd’s property portfolio ensures ownership of a home and an inheritance for family members.
“An investment in our company and property portfolio ensures you can own a home and inheritance for your spouse and offspring,” said Kenneth Sharpe.
“A house can be used as collateral when you want to do other investments. The difference with our property portfolio and projects is that when you buy in you are investing into a lifestyle community which means when you decide to sell you are not only selling the built structure but also a certain lifestyle.”
Sharpe believes in creating and delivering an affordable luxury lifestyle where smart cities encompass the live, work, shop and play model, providing social amenities such as shopping malls, sporting facilities, creches, churches and many other recreational facilities in a safe 24-hour secure gated community.
Buying into the vision and creating the lifestyle estates increases the selling price of the properties and, in turn, the value of the shares.
Sharpe states that the IPO is safe, offering a secure investment alternative to the banks.
Stated Mr Sharpe: “It is safe. It’s a secure investment where someone who is investing $50 will know that their $50 will still be there in one month, in one year and in five years’ time. It’s an alternative to the banks.”
“There’s no cost we deduct for holding that value on behalf of the investor, and they are guaranteed that their investment is safe with us.”
The company offers an expected return in excess of 10% a year in USD, which they say is possible because they are highly profitable.
“..the investment doesn’t just stay at the $50 that they invested. We give a solid return. The reason why we are able to give them an expected return in excess of 10% a year in USD is because we are highly profitable,” he explained.
“Our company is on a huge growth trajectory and we’re making super profits. We’re one of the few companies in Zimbabwe that are making significant profits today, and that’s the second reason that our investors benefit from our success and we are sharing in that benefit to them.”
He added that in a world where many are crying over eroded pensions and banked money losing its value, WestProp Holdings Ltd was offering the best and safest way of keeping and growing the value of money over time.
Sharpe also encouraged the public, pension funds, and investors to join hands with WestProp Holdings Ltd as they open up new markets, new products, and new projects, such as the Mall of Zimbabwe, the Hills Golf Estate, and Pomona City, which is about bringing ‘Dubai to Zimbabwe.’