Zimbabwe Retail Property Sector Attracts Growing Interest from Global Brands

Highland Park shopping centre in Harare

Zimbabwe’s retail property sector is experiencing rising interest from international brands seeking to enter or expand within the market, according to the fund manager of Tigere Real Estate Investment Trust. Speaking after the release of the company’s latest financial results, Tigere Property Fund director Brett Abrahamse said the firm is receiving frequent enquiries from global retailers looking for space in the country.

“It’s amazing. I would say on a weekly basis we are getting contacted by a new international brand that is looking to either enquire for space or grow a business within them,” Abrahamse said in an interview with CapitalkFM.

Abrahamse attributed the growing interest to improving macroeconomic conditions in Zimbabwe, particularly increased stability in currency markets. According to recent data, Zimbabwe’s annual inflation slowed to about 3.8 percent in February 2026, reflecting tighter fiscal and monetary coordination as well as improved policy discipline. The improved economic environment, Abrahamse said, has strengthened confidence among international retailers who are once again considering Zimbabwe as a viable investment destination.

The availability of modern retail infrastructure has also played a significant role in attracting international brands. Tigere REIT owns several retail properties, including Highland Park, Chinamano Corner, and Greenfields Retail Centre. The company is also developing the Design Quarter, which is expected to open in the third quarter of 2026. Abrahamse said such developments are helping raise the standard of retail infrastructure in the country.

“There’s a lot more space available in quality retail space, and that’s positive for the market. I think it lifts everyone’s game,” he said.

Greenfields Retail Centre, which Tigere acquired in late 2025, has already reached full occupancy and is anchored by major retailers, including Spar, alongside outlets such as Hungry Lion and Spur.

Tigere REIT has reported strong financial results, with real income rising to about US$2.3 million. The company’s net asset value currently stands at approximately US$60 million across five assets, while its market capitalisation has reached around US$100 million following recent property acquisitions. Lower operating expenses have also enabled the company to maintain steady dividend payments to investors. Tigere is targeting a net asset value of US$100 million by the end of the 2026 financial year and US$200 million by 2028.

To support future growth, Tigere is expanding its investment portfolio beyond retail properties into light industrial and hospitality developments. New projects are planned in Kadoma, Gweru, and Bulawayo. In Bulawayo, the development will be undertaken in partnership with the Zimbabwe International Trade Fair. Abrahamse said the project could help stimulate investment in the city.

“There hasn’t been much investment in Bulawayo over the last few years and we’re excited to hopefully provide a catalyst for more development there,” he said.

Analysts say that if macroeconomic stability continues, Zimbabwe’s retail property sector could remain attractive to global brands seeking to tap into the country’s growing consumer market.

Zimbabwe retail property market