PrimeTime shareholders okay P136m investment

PrimeTime intends to invest P136 million developing the two projects in Gaborone - one a P101 million tenanted shopping complex called Sebele Centre near the airport intersection (Block 10), the other a P35 million office complex in the new Central Business District.

At the meeting, 52 shareholders representing 94 percent of PrimeTime's issued share capital voted in favour of acquiring land on which to develop the two properties from Time Projects and authorised the company's directors to enter into development agreements with Time Projects for the two projects.On Wednesday, PrimeTime announced that the planned Sebele Centre will feature Pick 'n Pay as its anchor tenant while other occupants will include Pharma South, Pick 'n Pay Bottle Store, Debonaires and Milky Lane.