Gaborone's Airport Junction opens

Posted On Thursday, 03 May 2012 02:00 Published by eProp Commercial Property News
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Botswana Insurance Fund Management (Bifm) has added another development to Gaborone’s leisure and retail landscape with the newly opened Airport Junction mall

Tiny KgatlwaneThe mall represents a fully enclosed development covering 50 000m2 and featuring a wide range of retail options, including include fashion, hardware, grocery and furniture stores.

The new mall adds to the already vibrant retail market, which will see competition come from Game City, Riverwalk, Sebele and the recently opened Rail Park Mall where Bifm is an equity partner.

Bifm has been involved in Public Private Partnerships that have also seen delivery of the SADC Headquarters and Plot 21 – the Office of the Ombudsman and Land Tribunal.

According to Bifm CEO, Tiny Kgatlwane said that part of Bifm’s mandate is to utilise strategies that give value and deliver returns to its clients. Property development is a strategy Bifm uses to broaden its investments and helps the business deliver on this mandate. In this regard, Khumo Property Asset Management (Khumo PAM) is the business arm tasked with developing and managing properties in the Bifm portfolio.  Khumo PAM is a 50/50 joint venture between Bifm and Eris Property Group of South Africa.

Assistant Minister of Finance and Development Planning Dr Gloria Somolekae, who officially opened Airport Junction, praised the development’s contribution to the economy which includes impacting approximately one thousand people with direct and indirect employment during the construction phase and a further seven hundred permanent operating jobs.

Publisher: eProp
Source: bifm

Last modified on Tuesday, 15 April 2014 12:03

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