Oct. 4 (Bloomberg) -- Farmers House Plc, a Zambian property developer, said it plans a “substantial” increase in its assets during fiscal 2012 and will add at least properties in the year.

The company wants to take on more debt and will “gear up to 50 percent” if it could get the loans, Managing Director Robin Miller said at a conference in Johannesburg today.

To contact the reporter on this story: Renee Bonorchis in Johannesburg at rbonorchis@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net