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Top banks invest in Botswana's retailing

Posted On Wednesday, 25 February 2004 02:00 Published by
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A R98m retail centre is scheduled to open on the Easter weekend in Francistown, Botswana.

Property-Housing-Residential

The retail centre was assembled as a syndicated loan by Standard Bank Properties together with Stanbic Bank Botswana

Standard Bank Properties and Stanbic Bank raised R61,6m to assemble and implement the facility for the developers, Treddinick.

Rory Roriston, director of Standard Bank Properties, says this represented a major investment in the southern Africa region.

The modern shopping complex has been constructed on land owned by the Botswana Housing Corporation just opposite the government integrated office complex known as Ntshe House.

The other buildings in the precinct, the high court, customs and excise and the regional offices of the national archives, are all multimillion-pula structures developed two years ago.

The complex, covering more than 20000m², will have Pick 'n Pay and Edgars as its anchor tenants.

Other South African specialist clothing shops, such as Pep Stores, Woolworths, Cape Union Mart, Truworths and Ackermans, will complement the food court, which includes Debonaires and Equatorial Coffee Shop.

Last modified on Tuesday, 15 April 2014 18:04
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