REIZ to buy 3 malls

MWILA NTAMBI
Kitwe
SHAREHOLDERS of Real Estate Investments Zambia Limited (REIZ) have approved the company’s plans to acquire three commercial properties and add them to its portfolio.
In a quest to enhance market position and drive sustainable returns, REIZ, in July this year, announced intentions to acquire Acacia Park, Lewanika Mall and Jacaranda Mall respectively.
However, the intention required shareholder approval for it to be actualised.
According to a notice posted on the Lusaka Securities Exchange (LuSE) website, the intention to acquire the said property was approved at an emergency general meeting (EGM) held in Lusaka recently.
REIZ company secretary Louis Pulu said shareholders also approved the disposal of five other properties in Lusaka and use the proceeds of the sale to refinance the company’s existing debt…https://enews.daily-mail.co.zm/welcome/home