Acquisitions, developments boost Far Properties’ asset base
Friday, November 15, 2024 | 630 Views |
In the portfolio: Artists rendition of the Choppies Distribution Centre in Francistown
The diversified property developer’s assets were bolstered by developments around existing properties as well as acquisitions.
According to the company’s full-year results to June 2024, FPC's reconciliation of investment property, a figure representing additions to property investments, totalled P102 million. This includes direct acquisitions of P42.6 million and subsequent developments to properties of P59.3 million.
As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...