BPOPF buys major stake in Airport Junction Mall

Molefe
Molefe

The Botswana Public Officers Pension Fund (BPOPF) has bought a 23.85% stake in Airport Junction Mall from Bifm to become the third largest shareholder in the shopping complex.

BPOPF chief executive officer, Boitumelo Molefe told Mmegi Business yesterday that the acquisition brings the value of their property portfolio to almost a  billion pula. “Our strategic allocation for the property sector is at P1.4 billion.  With this new deal, it means we still have another P500 million to spend on buying properties,” she said.

Bifm Shareholder and Eris Property Group, a multi-billion-property development company from South Africa, equally funded construction of the mall at a cost of P460 million in 2011.

Editor's Comment
End the GammaNgwato chieftainship spats

The chieftainship spats between Seretse and Khama’s uncles have purely degenerated into a permanent elephant in the room and it does not seem anyone cares to ensure this hurdle is dealt with promptly for the attainment of peace for GammaNgwato’s bogosi.Just as the proverbial, when two elephants fight, it is the grass that suffers aptly suggests, and so is the state of the institution of bogosi in GammaNgwato.Such is the case because the...

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