Grace Mugabe Buys 55 Hectare Borrowdale Plot for US$4.2 million

First Lady Grace Mugabe is reported to have bought a US$4,2 million Borrowdale Plot. The plot which measures 55 hectares belonged to Harare man Jan Teede and overlooks President Robert Mugabe’s “Blue Roof” mansion. The first lady bought the property in November 2016. Grace also bought a R45 million property located at Number 37 Killarney Road in Sandton, South Africa. Sandton is the most affluent area in South Africa. She recently bought herself a Rolls Royce Ghost for an estimated R6 million after her son Russell Goreraza imported 2 Rolls Royce cars reported to be worth millions. The first lady has been on a spending spree despite the fact that her family business Gushungo Holdings’ Alpha and Omega Dairies has been performing poorly. The company is reported to be making perennial loses since 2013.

Speaking to the weekly publication, the Independent, Teede said:

Full payment has been made, but the property has not yet been transferred. This, however, is imminent.

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The house itself is a fairly humble dwelling, but on a large and valuable property (55 hectares) that I purchased in 1983. I was in the process of commencing a housing development on it, (approx 73 plots, with sub-division rights granted) when I received an offer for the entire property.

More: Independent


Russell GorerazaRobert MugabeBorrowdale

Russell Goreraza is the son of Zimbabwe's former first lady Grace Mugabe and stepson of the former president of Zimbabwe, Robert Mugabe. Goreraza is Grace's son from a previous marriage to Stanley Goreraza, an air force pilot now working as a diplomat. Russell has been... Read More About Russell Goreraza

Robert Mugabe was a politician and the former President of Zimbabwe. He was the President of the Republic of Zimbabwe from 1987 to November 2017. Prior to this, he was the Prime Minister of Zimbabwe since the attainment of independence in 1980. Mugabe resigned from... Read More About Robert Mugabe

Borrowdale is one of the residential and commercial business areas found in Harare. It is located 3 to 4 kilometers from the city centre to the north east of the capital. Read More About Borrowdale

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Grace Mugabe Buys 55 Hectare Borrowdale Plot for US$4.2 million