RDC ventures into residential market

The ICC flats in Gaborone's Extension 9
The ICC flats in Gaborone's Extension 9

RDC Properties is lining up a P42 million acquisition of residential flats in Gaborone’s leafy suburb of Extension 9 as the company looks to rebalance its portfolio through diversifying away from retail and office markets.

Shareholders of RDC are expected to give the nod to the acquisition at a general meeting to be held on Thursday, May 21, 2015.

Known as the ICC Flats, the residential property consists of 26 flats built on five plots where RDC would develop a further 45 apartments.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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