Mmegi

Acquisitions, developments boost Far Properties’ asset base

In the portfolio: Artists rendition of the Choppies Distribution Centre in Francistown
In the portfolio: Artists rendition of the Choppies Distribution Centre in Francistown

Local property development company, Far Property Company (FPC), has experienced a 10% increase in the value of its assets, which strengthened from P1.4 billion to P1.6 billion in the half year ended June 2024.

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.

Editor's Comment
Uphold our school uniform rules now

As reported elsewhere in this publication, the country’s school uniform industry is being shaken by widespread smuggling, fronting and deceit.This is not just a business issue, but a direct attack on a national policy designed to build Botswana’s own economy and protect Batswana jobs.We call on the Ministry of Education, the Botswana Unified Revenue Service (BURS), the Police and all relevant bodies to take immediate and decisive action to...

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