BPOPF buys major stake in Airport Junction Mall

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.