Zimre Holdings Chief Executive Officer (CEO), Stanley Kudenga has said that the Selbourne Park Students accommodation projects now awaits for the final approval from the Bulawayo City Council (BCC) to commence during a discussion on the company’s half-year results in Harare today.
The CEO said the project, which will be in excess of $15 million, will provide with over two thousand beds for students accommodation.
“So if we secure the approval this month of October, we will start working on Selbourne,” Kudenga said. “but in terms of project pipeline,… one which is going to come on stream is the Selbourne Park 2 000 beds.”
The Selbourne project will benefit the National University of Science and Technology (NUST), which has around 10 000 students and yet has a resident capacity of fewer than 200 (156) according to the CEO.
Zimre Holdings’ accommodation however met some challenges according to the company’s CEO.
“There was some challenge, you know with politics because Selbourne Park is just across and next to NUST and most of the residents are benefiting from providing students accommodation,” Kudenga said.
“So they (Selbourne Park residents) were a bit jittery on our project but we have now addressed it.”
BCC stopped Zimre’s plans to build hostels for NUST students last year saying the land was for townhouses according to local press.
If approved by the BCC, the Selbourne accommodation project is going to take about a year to complete according to Kudenga.