Fairscape precinct to open next year

Staff Writer | Monday June 10, 2013 00:00

 

According to the main contractor of the project, Stefanutti Stocks, the 15-storey building will have over 18,000 square metres of office space and 4,000 square metres of retail space - comprising upmarket restaurants, coffee bars, boutiques and craft shops.Phase Two of the project will include 13,000 square metres of both office and retail space and three level basement parking. The project includes a tower building with penthouses on the upper floors, retail on the lower ones and four other buildings consisting of office and leisure space.

The building is already becoming a visible landmark as it emerges above the generally low-rise skyline in Fairgrounds.'The development is the first of its kind and will bring a modern and high class working and living environment into the country. 'It is what is called a mixed-use development - meaning you can work, play and relax all in the same place. It'll have offices, shopping, with high-end shops; and there will be leisure facilities.It's different to anything else locally,' said Stefanutti Stocks general manager, Tim Stow.

Fairgrounds, which is around three kilometres from the new Gaborone Central Business District (CBD), is Botswana's fastest growing financial hub, boasting local and international companies. In an interview with Africa Outlook, Stow says phase one of the project will be completed by the second quarter 2014. 'That's the target and it is on track. We're working very closely with Botswana as a principal market for Stefanutti Stocks and the multi-disciplinary construction group is eyeing opportunities in its burgeoning mining sector.

The Stefanutti Stocks operates across all provinces of South Africa and has established a presence in Angola, Botswana, Mozambique, Namibia, Sierra Leone, Swaziland, Zambia and Zimbabwe,' he said.