Turkish firm invests in luxury housing

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A TURKISH construction company, Anadolu, has invested $20 million into building a new luxury residential estate in Mount Pleasant, Harare, in a show of confidence in Zimbabwe’s economic future.


Anadolu project manager Zeki Kazanci said the company, with a wealth of international projects under its belt, is developing the new estate, Homeland 263, using its own resources.

“We are building 40 luxury double-storey self-contained units and an administration block on-site in the new venture that will change executive living styles in Zimbabwe,” Kazanci said.

According to the company brochure detailing the development, the estate will have controlled entry and exit point and a shopping facility.

“The estate will have amenities such as swimming pools at each unit, a communal gym, café, cinema and a boardroom with conference facilities,” added Kazanci.

According to Anadolu, this is the company’s first project in Zimbabwe. The company has done projects in other countries which include Ethiopia, Algeria, Dubai, Russia and Turkey.

The project has created 120 jobs including those for builders, painters, fitters and other general hands.
Anadolu has also brought in 11 artisans from Turkey who are being understudied by locals.

“We are buying cement and bricks from local suppliers, but glass and aluminium and other finishings are being imported from Turkey,” Kazanci said.

The houses can be sold with furnishings, but they all come standard with kitchen cupboards, bedroom cupboards and high end shower cubicles and toilet sets.

The development, which is taking place on 6,29-hectare piece of land, is due to be completed in two years with the first units expected to go on sale later this year.

Turkey has become one of a few foreign countries still investing in Zimbabwe. Turkish Airlines will soon start flying directly into the country to the resort town of Victoria Falls.