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Partnerships in the real estate sector are a key aspect in meeting the demand and unlocking funding for future housing developments. Building societies have been at the forefront of the engagement of Public-Private Partnerships (PPP’s) and this has seen more units being delivered to the market.

PPP’s are beneficial because they bring the skills of both Public and Private players which fosters innovative and creative ideas to accomplish the shared goal. An advantage of engaging in partnerships is it saves costs within a project, the risk is shared between the parties involved and projects which are undertaken in such instances have a high chance of being delivered on time.

On the downside, public-private partnerships can come with a loss of accountability in a project, and if not clearly stated, roles and responsibilities may overlap.

Partnerships in the Matabeleland region have been said to be important in reducing the housing backlog which currently stands at more than 1.2 million, nationally.

A Public-Private Partnership is interested in a huge development in Plumtree which will see 600 units being developed on 710-hectare land and more housing developments will be added to the town.

In Harare, the Tynwald suburb is set to receive an additional 200 units after the Dzivarasekwa project was completed in line with the National Development Strategy 1.

There is a significant number of developments in Bulawayo and the proposed joint ventures are as follows; the Rangemore project which falls under the Presidential Housing scheme, The Mahatshula residential flats and The Willsgrove housing project. The latter is currently being serviced and this will be a low-density residential setup, with stands ranging from 3,500m2 to 9,000m2 .

We believe PPP’s are critical in reducing the national housing backlog as we, and other developers, come alongside the Public sector in realising a common goal.

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