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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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