Pilane Mall licensing issues cost PrimeTime P2m

Costly hurdle: Kelly says delays cost the company PIC: MORERI SEJAKGOMO
Costly hurdle: Kelly says delays cost the company PIC: MORERI SEJAKGOMO

A trading licence standoff that occurred last year between government and PrimeTime Property Holdings with regard to Pilane Crossing Mall has cost the latter P2 million, the latest annual financials show.

Presenting the financial results for the year ended August 31, 2017, PrimeTime managing director, Alexander Kelly said the tenanting of Pilane Crossing has been a hurdle with partial settlement of the widely reported trade licence problem only being achieved more than a year after the centre opened.

“With several large shops standing empty for months, this has put pressure on the initial tenants in the centre and we thank them for their tolerance in this regard,” he said.

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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