Post Of­fices to ac­co­mo­date SMEs

Sunday News (Zimbabwe) - - Business - Wilson Dakwa Busi­ness Re­porter

POST Prop­er­ties, a sub­sidiary of Zim­post, is set to in­vest about $5 mil­lion to­wards re­mod­elling its com­mer­cial prop­er­ties to pro­vide trad­ing space for Small to Medium En­ter­prises at se­lected Post Of­fices.

Post Prop­erty act­ing gen­eral man­ager Mr Hope Tembo said in an ef­fort to elim­i­nate un­der-util­i­sa­tion of the paras­tatal’s prop­er­ties, Post Prop­er­ties will cre­ate trad­ing space for SMEs at se­lected Post Of­fices.

“We have bud­geted $5m to cre­ate SME of­fices and in an ef­fort to ad­dress the un­der-util­i­sa­tion of our prop­er­ties while un­lock­ing value, Post Prop­er­ties is cre­at­ing trad­ing space for SMEs at se­lected Post Of­fices such as Harare Main, Bu­l­awayo, Mutare and Chivhu Post Of­fices,” said Mr Tembo.

Mr Tembo added that of­fice space has al­ready been cre­ated at the Harare Main Post Of­fice and the paras­tatal was work­ing on ob­tain­ing cap­i­tal needed to ren­o­vate the other build­ings.

“To date, we have cre­ated of­fice space for SMEs at Harare Main Post Of­fice which used to be oc­cu­pied by a sin­gle ten­ant but now ac­com­mo­dates a num­ber of SME’s. Plans for more SME of­fices/trad­ing spa­ces have been drawn and we are now putting to­gether the nec­es­sary fund­ing so the projects can start,” he said.

Post Prop­er­ties has over 600 prop­er­ties with 230 be­ing Post Of­fice build­ings and over 400 res­i­den­tial prop­er­ties spread across the whole coun­try.

Post Prop­er­ties was in­cor­po­rated in July 2015 in terms of the Com­pa­nies Act and li­censed by the Es­tate Agents Coun­cil of Zim­babwe in June last year to be a fully fledged real es­tate com­pany of­fer­ing prop­erty man­age­ment, de­vel­op­ment sales and val­u­a­tion ser­vices to third par­ties.

Mr Tembo said the com­ple­tion of the ren­o­va­tions was sub­ject to ap­proval by lo­cal au­thor­i­ties and avail­abil­ity of fund­ing al­though they plan to fin­ish the Harare, Mutare and Bu­l­awayo projects be­fore year end and com­plete the Chivhu next year.

He also high­lighted that Post Prop­er­ties will com­pete in the wider real es­tate sec­tor’s third part busi­ness such as prop­erty sales, prop­erty de­vel­op­ment, val­u­a­tion and con­sul­tancy.

Mr Tembo said the paras­tatal was also lin­ing up big­ger projects such as the pro­posed Bor­row­dale shop­ping mall and a 100 bed stu­dent ac­com­mo­da­tion fa­cil­ity in Mt Pleas­ant, Harare.

“We also have a pro­gramme aimed at re­vi­tal­is­ing the Post Of­fice to make it rel­e­vant in the ad­vent of tech­nol­ogy and chang­ing eco­nomic dy­nam­ics. The Post Of­fice is gear­ing it­self to pro­vide the plat­form for many ser­vices to the gen­eral public such as e-com­merce, in­sur­ance and fi­nan­cial ser­vices among many oth­ers,” he added.

Mean­while, since last year, over 120 Post Of­fices have been ren­o­vated across the coun­try un­der the Com­mu­ni­ca­tion In­for­ma­tion Cen­tre (CIC) pro­gramme in which Post Prop­er­ties is work­ing in col­lab­o­ra­tion with the Min­istry of In­for­ma­tion Com­mu­ni­ca­tion Tech­nol­ogy (ICT), Postal and Courier Ser­vices, Postal and Telecom­mu­ni­ca­tions Reg­u­la­tory Au­thor­ity of Zim­babwe (Po­traz) and Zim­post.

Pres­i­dent Mu­gabe has so far of­fi­cially launched eight pro­vin­cial CICs out of the 10 that he will launch along­side the youth in­ter­face ral­lies.

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