BRICK manufacturer Willdale Limited has accelerated plans to develop an industrial commercial park after successfully regaining possession of its Mt Hampden land.
The 123,6-hectare property had been occupied by illegal settlers, delaying the company’s development plans.
The firm is currently in a transformative phase focused on boosting production, sales and liquidity to restore volumes to optimal levels. Central to this strategy is the injection of capital for operational needs and investment in a modern, high-efficiency production plant, with the capital-raising programme anchored on real estate and land development initiatives.
In August, Willdale disclosed that a significant portion of its planned capital expenditure would be funded from its Mt Hampden property through the sale of high-demand residential and commercial stands.
This could only proceed after the removal of illegal occupants, enabling full servicing of the land, which lies within the boundaries of the proposed new city.
“The company, with the support of the relevant law-enforcement authorities, has successfully regained vacant possession of its land measuring 123,6 hectares, situated in Mt. Hampden, which had previously been unlawfully occupied by third parties. Following the recovery of the land, vacant possession has been formally granted to the appointed contractor to commence the development of an industrial commercial park on the site,” Willdale said in a statement.
“The initiation of on-site works, together with the planned disposal of industrial stands, is expected to enhance the company’s revenue base and may potentially have a positive effect on the company’s share price. The additional revenue generated is expected to strengthen the company’s capacity to streamline operational efficiencies and invest in new technology to support long-term growth.”
NewsDay Business understands the project is positioned to generate strong returns, with proceeds set to strengthen working capital and fund the acquisition of a new all-weather common brick plant.
“The business outlook remains highly positive. We expect our property investment strategy to begin yielding material returns in the next quarter, with land sales and stand development providing a substantial boost to cash flow,” Willdale said in its trading update for the quarter ended June 30, 2025.
“This will allow us to modernise production technology, enhance efficiency, and expand market share.” -newsda
