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.

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The subsequent key historical developments include: -

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• FORMATION OF FARMERS HOUSE LIMITED

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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.

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• FARMERS HOUSE PLC LISTS ON LUSE

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​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.

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• ACTIVE PERIOD OF DEVELOPMENT

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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.​

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• FIRST RIGHTS ISSUE

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 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.​

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• FARMERS HOUSE PLC RENAMED TO REAL ESTATE INVESTMENTS ZAMBIA PLC

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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.

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                                            OUR MISSION, VISION, VALUES​

​OUR MISSION

OUR MISSION is to be Zambia's leading property investment and development company by the ownership ​

of high-quality properties that are well constructed and managed. To provide a reputable and informed common entry point (the Lusaka Securities Exchange) for all Zambian and international investors into the premium but diversified Zambian real estate sector.

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OUR VISION

OUR VISION is to achieve the highest possible standards of the real estate industry while establishing our business as the property company of choice within Zambia.​

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OUR VALUES

OUR VALUES are 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. We value all our stakeholders and strive to create and maintain long lasting relationships through innovative business practices. We seek to be honest, reliable, and fair in dealing with all our interest groups and colleagues.​

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OUR PRIME PROPERTY PORTFOLIO PROVIDES UNIQUE EXPOSURE​

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:

 

 OUR WHOLLY OWNED PROPERTIES

• Arcades Development PLC  

• Counting House Square

• Deloitte Square

• Eureka Park

• Nyerere Road

• Central Park

• Dedan Kimathi Road

• Southview Park

• Parkway Industrial Park

 

KEY TENANTS

Our key tenants include the following:

• ABSA Bank Premier Branch

• Nu Metro Cinema

• Deloitte & Touche

• Konkola Copper Mines Plc

• Kazang Zambia

• Africa Pride Insurance

• Zambia Industrial Commercial Bank (ZICB)

• Standard Chartered Bank

• Sybrin Systems

• Izwe Loans

• Golden Coin Bureau De Change

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