OneSquareK to List on LuSE Alternative Market in Property Sector Debut
OneSquareK Property Development Plc (oSK) has announced its intention to list on the Alternative Investment Market of the Lusaka Securities Exchange (LuSE), subject to the completion of all required regulatory approvals and processes.
The announcement has been made through Money Acumen Advisory, which is acting as Deal Advisor and Receiving Agent for the proposed transaction.
If successful, oSK will become the second company to list on the LuSE Alternative Market and the first urban residential property development company to be publicly listed on the Exchange, marking a notable development for Zambia’s capital markets.
According to the announcement, the listing signals a growing diversification and maturity of the market, with increasing capacity to support innovative asset classes and forward-looking businesses.
OneSquareK was founded on the principle of providing access to quality and affordable urban housing. The company has developed a residential platform consisting of 31 fully operational studio apartments located along one of Lusaka’s fastest-growing commercial corridors, close to several colleges and universities and approximately ten kilometres from the central business district.
The development, which has a five-year operating track record, is fully tenanted and generates stable, recurring rental income. The company’s business model focuses on long-term ownership, as it builds to retain, operate, and grow its assets rather than sell them.
This approach, according to the company, has resulted in strong financial performance, with net profit margins consistently reported at above 85 per cent.
Commenting on the proposed listing, Lusaka Securities Exchange Chief Executive Officer, Nicholas Kabaso, said the development reflects a growing trend of businesses recognising the importance of structured governance and access to long-term capital through public markets.
He noted that there remains significant opportunity for more enterprises to follow suit and list on the Exchange.
Money Acumen Advisory has reaffirmed its commitment to working with all stakeholders to ensure the successful execution of the transaction in line with Zambia’s regulatory framework.
