CBZ Holdings, a leading financial institution in Zimbabwe, has announced an investment of US$150 million in a high-end housing project called Northgate, a mixed-use residential park located 17 kilometers north of Harare’s central business district. The project is expected to be completed by December 2025.
The Northgate development will feature 8,000 housing units, including flats, residences, and cluster houses, catering to the growing demand for luxury accommodation in the country.
In addition to residential units, the project will also include schools, a hospital, and a shopping mall, making it a self-sustaining community.
The project has generated interest among potential clients, with over 100,000 individuals expressing interest within just two weeks of its launch.
The price per square meter has been set at US$65, making it an attractive option for those seeking luxury living arrangements.
To make the project more accessible to potential buyers, CBZ Holdings is offering a 20% deposit option followed by a 5-year payment plan.
This flexible payment structure is expected to appeal to a wider range of buyers, including young professionals and families.
The Northgate project is set to revolutionize the real estate landscape in Zimbabwe, providing a unique and exclusive living experience that combines convenience, comfort, and community.
With its strategic location and comprehensive amenities, Northgate is poised to become one of the most sought-after addresses in the country.
CBZ Holdings’ investment in Northgate is a testament to the company’s commitment to driving economic growth and development in Zimbabwe.
The project is expected to create jobs and stimulate economic activity in the construction sector, contributing to the country’s overall growth and prosperity.
SOURCE : NEWSREPORTZIM.COM
