BPOPF buys PrimeTime’s Francistown properties

Blue jacket square .Pic. Christinah Mothabane
Blue jacket square .Pic. Christinah Mothabane

PrimeTime is disposing of its two flagship properties in Francistown to the Botswana Public Officers Pension Fund (BPOPF) in a P71million deal.

The disposal of the properties, Barclays Plaza and Blue Jacket Square, is expected to unlock fresh funds for the property company, in a market constrained by high cost of funds as well as liquidity shortages.

“The board of PrimeTime Property Holdings announces that agreement has been reached for the disposal of the two properties for a total consideration of P71 million, payable in cash,” the listed property company said in a statement.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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