WestProp Holdings Limited has completed a scheme of reconstruction, marking a significant milestone in its strategic realignment. The move, approved by shareholders at the Extraordinary General Meeting on 1 September 2026, has led to the establishment of Alpha Holdings Africa (Private) Limited, a new entity that will spearhead the Group’s expansion plans.
The restructuring involved the transfer of Pomona Properties (Private) Limited, comprising a 161.51-hectare landbank, to Alpha Holdings Africa (Private) Limited. This move allows WestProp to focus on its core assets, valued at an estimated USD 110.2 million, which will remain listed on the Victoria Falls Stock Exchange (VFEX) under the share code WPHL.
The completion of the restructuring has been implemented in accordance with relevant legislation, ensuring a tax-neutral basis. The Group has assured stakeholders that all existing business operations will continue uninterrupted, with commercial arrangements remaining fully valid and enforceable.
The voluntary exit offer, which closed on 9 October 2026, and the subsequent share split, completed on 28 October 2026, have paved the way for the subdivided shares to commence trading on 28 October 2026. This development is expected to enhance shareholder value and provide new opportunities for growth.
WestProp’s strategic restructuring aligns with the government’s objectives on infrastructure development, as outlined in Vision 2030 and the National Development Strategy 2. The Group’s focus on core assets and expansion plans will contribute to the country’s infrastructure growth, creating new opportunities for economic development and job creation. The transfer of Pomona Properties to Alpha Holdings Africa (Private) Limited will also unlock value in the landbank, supporting the government’s agenda on urban development and housing. As WestProp embarks on this new chapter, its trajectory is poised to support Zimbabwe’s infrastructure development goals, driving economic growth and prosperity.
