Watumishi Housing Company (WHC) is a public entity established in 2013. WHC is a property developer and a licensed fund manager for management of the Watumishi Housing Company-Real Estate Investment Trust (WHC-REIT). WHC-REIT was licensed by the Capital Market and Security Authority (CMSA) in 2015 and became the first fully-fledged REIT to be established in Tanzania and East Africa. As a property developer, WHC-REIT is the main implementer of the Tanzania Public Servant Housing Scheme tasked with building of 50,000 housing units in five phases commencing from FY 2014/2015. Houses shall be sold under mortgage arrangements to public servants and other eligible members of the public across Tanzania. With effective from 31st July 2017, the Government has further approved WHC to sell its houses to members of pension funds. However, under this scenario, Public servants shall continue to buy houses and shall be given preferential treatment whenever there is a competition for few houses.

Investment in Real Estate Investment Trusts (REITs) is a new concept in Tanzania and yet it provides an immense opportunity for the general public to participate and create personal wealth as well as contribute towards overall economic development. WHC-REIT seeks to work with other national and international fund manager and other stakeholders to develop this market in a manner that is beneficial to all parties.

WAMILIKI WA WHC

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LATEST NEWS

Commercial Residence Available for Rent at Watumishi House Magomeni 

Minister for Lands, Housing and Human Settlement Development Hon. William Lukuvi visits WHC’s Pavilion at Tanzania International Trade Fair at SabaSaba Grounds in Dar es Salaam – July 2017

CEO’s Exclusive Interview with Tanzania Invest

WHC Project Percentage Completion

WATUMISHI NJEDENGWA ESTATE – DODOMA 45% Complete
BUNJU B HOUSING ESTATE 95% Complete
GEZAULOLE RESIDENTS 90% Complete
MAGOMENI APARTMENTS 100% Complete
KISESA HOUSING ESTATE – MWANZA 100% Complete
MKUNDI HOUSING PROJECT – MOROGORO 95% Complete