Mashonaland Holdings has disclosed that its long-awaited plan to turn Harare’s Charter House into a hotel will now only start in the second half of 2021.

Charter House, situated along Samora Michael is set to be completely transformed into a Five Star Hotel an extensive measure to shed off the ever decaying mode of dilapidation that has engulfed the entirety of urban buildings of Harare City in the past decade of years.

The company says it experienced delays in commencement of planned development projects due to COVID19-induced lockdowns.

Charter House is a 12-storey office block with a distinctive concave tower dominating the intersection of Samora Machel Avenue and Julius Nyerere Way, overlooking the Mbuya Nehanda statue.

It was designed by Francis Lorne for Anglo America and built in 1958.

It housed their head offices until it was purchased by Mashonaland Holdings in 2003 as part of a restructuring process.

Mashonaland Holdings Limited is a trailblazer.

The company was founded in 1966 and it quickly became the first property investment company to list on the Zimbabwe Stock Exchange in 1969.

Mashonaland Holdings says they are committed to maximising the potential of property investments under its tried and tested management.

The company says its core business is focused on the delivery and investment management of quality commercial, industrial, retail, specialised and residential properties with a strong emphasis on ensuring premises functionality to our tenants whilst sustaining and maintaining a firm asset base for our clients and shareholders.

Mashonaland Holdings says its growing property portfolio includes prime commercial, industrial, retail and residential properties spread across the country.

Its renowned real estate services are offered through the three functional units; Property Research and Development, Property Management and Facilities Management.