First Mutual Properties

First Mutual Properties is a real estate company that creates value through the development and management of properties in major towns of Zimbabwe.
First Mutual Properties is a Zimbabwean stock exchange listed property company investing in prime properties in the major towns and cities of Zimbabwe. Our portfolio comprises about 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial space.

As at December 2009, the company’s portfolio comprised approximately 117 250 square metres of lettable floor space and 349 548 square metres of undeveloped land which is zoned as follows:

81 590 square metres of office park land,
2 230 square metres of commercial land,
262 662 square metres of residential land which is predominantly in the capital city of Harare.


The company owns 41 built properties across the major cities and towns of the country. These include office parks, retail space, high-rise commercial buildings in central business districts, industrial/ warehouse space and suburban shops.

In addition, the company owns residential trading stock of three – two bedroom garden flats on a land area of 1 923 square metres in Avondale, Harare.