PrimeTime starts work on P90m Central Square

This comes at a time when the CBD is finally beginning to develop a sense of identity as some of the larger developments are now filling with tenants.  While there remain vacancies in some of the key buildings, occupation levels in the market have increased exponentially over the course of last year.  Joe Simpson, director at leading global property consultancy, Knight Frank, commented, “The pace of office take-up in the CBD has been unprecedented and we fully expect further major acquisitions from large-scale occupiers in the next 24 months. We now expect to see more small and medium sized occupiers, especially from the professional services sector, relocating to service these larger entities dominating the area.

Time’s concept for Central Square appears to be spot on, there are smaller occupiers who have shown a preference for being owner-occupiers, but to date haven’t been catered for in the existing CBD developments and there is demand from investors keen to acquire a long-term investment in Gaborone’s prime office market”.