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Letlole finalises P53m sale of Moedi House

Wednesday, February 22, 2023 | 2710 Views |

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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