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Letlole finalises P53m sale of Moedi House

Landmark: Moedi House in the Fairgrounds area of Gaborone PIC: LETLOLE.COM
Landmark: Moedi House in the Fairgrounds area of Gaborone PIC: LETLOLE.COM

Local property group, Letlole la Rona (LLR), is concluding an agreement to sell Moedi House in Fairgrounds for P53 million to a group partly owned by the Tibone family.

In a notice to the Botswana Stock Exchange, LLR directors said a sale deal was being finalised with Shining Sun Investments Proprietary Limited for Moedi House.

According to records at the Copyright and Intellectual Property Authority, 51% of the acquiring company is owned by Shyam Sunder Sreekaram, Shashi Kala Bala Sreekaram and Akheel Jinabhai.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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