Who We Are

Real Estate Investments Zambia PLC (REIZ), listed on the Lusaka Stock Exchange (LuSE), is the leading real estate investment, development and management company in Zambia.

We Have A Long History

Real Estate Investments Zambia Plc was originally the North Western Rhodesia Farmers Co-operative in the 1920’s. This was principally a commercial farmer’s co-op which secured the current location of Central Park on Cairo Road as a collection centre for farming produce. The Co-op went through various guises until after independence in 1964 when it was renamed the Zambian Farmers Co-operative. The construction of the Farmers House building was completed in the 1970’s, hence the name by which that property became known.

The subsequent key historical developments include:-

In 1981 a limited liability company was formed called Farmers House Ltd to which all the real estate assets of the Co-op were transferred. The cooperative owners became shareholders of the new Company on a one-for-one share basis. From that time the Company was solely a real estate investment vehicle.
The business was therefore principally owned by commercial farmers which traded their shares on an annual basis at the AGM. It was felt that this should be changed and so the Directors actively reviewed the options for wider ownership of the business. The opportunity arose for the Company to become public under the Companies Act 1994. Thereafter the shareholders agreed to list the Company on the Lusaka Stock Exchange (LuSE) at the inception of this exchange. Farmers House Plc was registered in 1996 as the second company to list on LuSE.
Farmers House Plc entered into an active period of development of its flagship property at the time – Farmers House. The old building was completely refurbished in 1999/2000 and thereafter a phased development of what was renamed Central Park was undertaken. The Stock Exchange building was the final part of this development, which is a landmark as you enter the business district of Lusaka.
The further progress of the Group is detailed in the Timeline on the next page. One of the key milestones in this period was the ‘rights issue’ in 2004, in which the Company actively encouraged and achieved the participation of institutional investors – these now make up a large portion of the shareholding, as demonstrated in the Governance section of this report.
In order to more actively reflect the core operations of the Group, Farmers House Plc was renamed in 2012 to Real Estate Investments Zambia Plc which also more accurately states that the Group is a property company and a “truly Zambian” business.

Our Prime Property Portfolio Provides Unique Exposure

REIZ has 100% ownership of the following properties with an indication of the major tenants:

REIZ has 100% ownership of the following properties with an indication of the major tenants:
  • Counting House Square, whose tenants include BDO, Spar, Ericsson; and
  • Part of Stand No. 2374 (Abacus House) leased from The Agricultural and Commercial Society of Zambia, Thabo Mbeki Road, Lusaka. The property is under construction and is scheduled for completion by 31 July 2011. Tenants will include Deloittes and KCM Plc.