First Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe. First Mutual Properties has a significant property portfolio, comprising some 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare.
First Mutual Properties is listed on the Zimbabwe Stock Exchange
Elisha K. Moyo
Elisha currently sits on the boards of First Mutual Properties, FMHL and TristarInsurance Company and Afrosoft Holdings Limited among others, and previously on Zimnat Life Assurance Company and Sable Chemical Industries (Private) Limited. He has served as the General Counsel for TA Holdings, Managing Director of Zimnat Lion Insurance Company, past President of the Insurance Institute of Zimbabwe and a past Chairman of the Insurance Council of Zimbabwe, company secretary for Southampton Assurance Company and Intermarket Holdings Limited. He is a lawyer and currently practices law in the Law ﬁrm Moyo and Partners Legal Practitioners which he founded in October 2011. He is a current PhD student in Business Administration and he holds an MBA, a Bachelor of Laws degree and a Bachelor of Law Honours degree.
Chris is a seasoned professional with more than 25 years’ experience in town planning, property management, formulation and management of projects, valuations, property investment analysis including acquisitions and disposal of properties. He is also an active member of the Real Estate Institute of Zimbabwe and Zimbabwe Institute of Regional & Urban Planners. Chris holds a BSc Rural & Urban Planning Honours Degree and an MBA, both from the University of Zimbabwe.
Chairman’s Statement THE ECONOMY The period under review was characterised by persistent cash, foreign currency and fuel shortages, fiscal and current account deficits. Financing of the fiscal deficit through domestic …
CHAIRMAN’S STATEMENT THE ECONOMY The period under review was characterised by persistent cash, foreign currency, fuel shortages, fiscal and current account deficits. Financing of the fiscal deficit through domestic borrowings …
Our Strategic Focus Areas Acquisitions and Developments Acquisitions on pre-let basis. Demand driven developments. Property portfolio diversification by location and sector Reduce exposure in CBD office over time/increase exposure in …