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Annual Report Summaries, Investee Companies

Rembrandt Properties Limited Extract from 2021 Annual Report

Rembrandt Properties Limited (Rembrandt) is a Special Purpose Vehicle between ZCCM-IH 

(49%), Urban Brands Asset Management (25.5%) and Sims Capital Ltd (25.5%). Rembrandt was 

specifically formed to develop the Leopards Square Hotel, an 80-room hotel. The hotel’s delivery 

schedule has previously been affected by several factors, among them, the Covid pandemic, a 

change in the project’s scope, a revised development program, delayed funding disbursement, 

etc. The project is now scheduled to open to the public in the second quarter of 2022. 

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