Has now moved South (4)
I believe the answer is:
owns
'has' is the definition.
('own' can be a synonym of 'have')
'now moved south' is the wordplay.
'moved' indicates an anagram.
'south' becomes 's' (synonyms).
'now' anagrammed gives 'own'.
'own'+'s'='OWNS'
(Other definitions for owns that I've seen before include "Belongs to" , "Confesses" , "Admits possession" , "uses" , "Has possession of by right" .)