GENERAL NEWS
From the MD’s desk
By Sandy Kelly
Firstly, a huge congratulations
to His Excellency Dr Mokgweetsi
E.K Masisi and the Botswana
Democratic Party on the
resounding success in the recent
elections and HE’s ascendency to
his next term in office.
Whilst we have been apolitical and continue to be so, we have been critical of
government at times, however we support the fact that Dr Masisi has secured a
massive mandate from the Batswana to put our country back on track. We have
already seen the results of his actions and no doubt will see further positive impact
shortly and throughout the next five years and beyond.
In terms of the economy, the whole world is experiencing challenges
and Botswana is not excluded with the reduced diamond sales and
production suffering as a result. What do we, in the property industry
have to look forward to in 2020? With the long-term government bond
rate continuing to trade at its lowest levels almost in history, yields will
continue to be relatively low for good quality stock as the competition for
assets remains high.
Here, at Time Projects, we have an incredibly strong pipeline of developments
both underway and due to commence during the year. Please browse through
this issue of About Time to see what’s on offer to rent or buy.
We are about to start the P108m Lobatse Mall Shopping Centre;
we have a similar mall due for Letlhakane in the planning stage; a
development in Francistown which will have retail, hotel, offices and
residential components.
ABOUT TIME, the quarterly
newsletter of Time Projects
Editor: Brett Marlin
In Gaborone, the first phase of the Pinnacle Park office complex at
Setlhoa Village for PrimeTime is progressing well on schedule to be
completed by March 2020. The Setlhoa Retail Park consisting of mini
showroom/warehouse units sold on sectional title due for completion in
the second quarter of 2020 will also complement this hub which is fast
becoming one of Gaborone’s strongest business nodes.
Following on from there, the Sebele Lifestyle Centre should start mid 2020
bringing a new dimension to Botswana’s trading space. In the new CBD
we will be developing the first office building of Prime Plaza Phase II
for PrimeTime. In the Showgrounds, a new two or three building office
complex is due to start shortly as soon as end users are secured. The
Showgrounds already has a strong Time Projects flavour with properties
that we have developed including Deloitte, BancABC, Showgrounds
Close, The Office, Letsema Office Park, KPMG & AFA buildings.
Managing editor: Faye-Marie Cloete
Email: [email protected]
Cell: +267 7137 6232
Contributors: Brett Marlin, Mike Hughes, Kagiso
Sebetso, John Kelly, Funkie Moroka, Mmika Selei,
Roy Mapharing, Rory Watson and Heinrich Malan
Tel: +267 395 6080 | Fax: +267 390 0160 | Email: [email protected] | Website: www.time.co.bw
ABOUT TIME is published on behalf of Time Projects by Nova Communications (Pty) Ltd.
The opinions expressed in this newsletter are those of the authors and people interviewed and do not necessarily reflect the views of the editor, publisher or Time Projects. While all
precautions have been taken to ensure accuracy of information, the editors and publisher cannot accept responsibility for any inaccuracies which may inadvertently have occurred.
2
ISSUE 40 - DECEMBER 2019