Turnstar registers strong rental growth

Monday, May 18, 2015

Gulaam Abdoola briefing the media. PIC: KENNEDY RAMOKONE

One of the leading property giants, Turnstar Holdings have recorded a six percent increase in lease revenue according to their end of year results ended January 31 this year.

Turnstar Managing Director Gulaam Abdoola told a media briefing recently that they have positive rental income growth supported by strong underlying and lease escalation.

Total rental income from Botswana portfolio increased by 3.2 percent on a like-for-like basis while the Tanzania portfolio increased by 9.1 percent.

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Turnstar registers strong rental growth

One of the leading property giants, Turnstar Holdings have recorded a six percent increase in lease revenue according to their end of year results ended January 31 this year.