SOURCE: African Business Review

African Business Review

March 29, 2012 12:47 ET

Pearl Properties Weighs Heavily on Strategic Business Decisions for Continued Success, in African Business Review

SAN DIEGO, CA--(Marketwire - Mar 29, 2012) - Pearl Properties, one of Zimbabwe's leading property companies, is currently busy in the process of refurbishing one of its major shopping centres, located in Harare's affluent suburbs. The tenant mix includes a major South African retailer, Pick n Pay which is in a strategic alliance with one of Zimbabwe's main retailers, TM Supermarket.

"We are expanding the supermarket; increasing its size and volume. In addition we are enclosing the mall so that people can shop during the rainy season," notes Francis Nyambiri, Pearl Properties' Managing Director. "We are also expanding the car park and at the end of the refurbishment we are likely to have spent about US$1.5 million."

Every investment and project Pearl Properties embarks upon is underpinned by strategic intentions and emotions are not allowed to get in the way of business decisions. "We are not emotionally tied to any of our properties," cites Nyambiri. "We look at them as a business -- if they are performing well we keep them, if not, we look at ways to make sure they start performing."

To find out more about Pearl Properties, read the full report at: http://www.africanbusinessreview.co.za

AboutPearl Properties

Pearl Properties is one of the largest property companies listed on the Zimbabwe Stock Exchange (ZSE). After forming in 2006 following an amalgamation of eight different property businesses within the country, Pearl Properties was listed on the ZSE just a year later, in 2007. The company is involved in the investment following and trading of properties. In addition to this, Pearl Properties also offers property management service.

About African Business Review

African Business Review is a leading digital media source of news and content for C-level executives focused on business and industry-specific news throughout Africa. African Business Review is the territory-dedicated arm of the WDM Group. Founded in 2007 by entrepreneur Glen White, WDM Group retains a diversified portfolio of websites, magazines, mobile apps, daily news feeds and weekly e-newsletters that leverage technology to innovatively deliver high-quality content, analytical data, and industry news. For more information, contact 1-760-827-7800 or visit http://www.africanbusinessreview.co.za/.

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