BPOPF ups property acquisitions as asset-hunting intensifies :: Mmegi Online

The Competition and Consumer Authority (CCA) has noted a surge in the number of acquisitions and mergers in the local property market as changes in pension fund rules arm-twist the Botswana Pension Officers Fund (BPOPF) to divest international capital investments into local assets.

CCA's latest annual report showed that the authority received and approved the largest notice of mergers and acquisitions from the real estate sector predominantly from asset managers who have mandates from the BPOPF.

“In the period under review, the authority assessed and finalised 24 transactions from the Real Estate sector. Most of the mergers in the sector involved the Botswana Public Officers Pension Fund (BPOPF) acquisitions through property asset managers Seventy 5 Degrees (Pty) Ltd and Khumo Property Asset Managers,” the authority revealed.

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BPOPF ups property acquisitions as asset-hunting intensifies

The Competition and Consumer Authority (CCA) has noted a surge in the number of acquisitions and mergers in the local property market as changes in pension fund rules arm-twist the Botswana Pension Officers Fund (BPOPF) to divest international capital investments into local assets.

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