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PrimeTime Historical Timeline

Timeline

  • December 2007

    Listed on the BSE, a 13 property portfolio born out of Time Projects with an initial market capitalisation of P193 million

  • May 2008

    Acquisition of three properties in Francistown for BWP75m paid with the issue of 25.6m linked units plus cash raised on the IPO.

  • February 2010

    Unitholders authorised the Directors to raise debt capital for the acquisition of property up to a limit of 66% of the value of the assets (including acquisitions).

  • August 2010

    Acquisition of 75% of a Gaborone CBD plot for P6.5m – later to become Prime Plaza.

  • February 2011

    Acquisition of Plot 20584 Gaborone from G4S Security Services on a sale and leaseback basis.

  • June 2011

    Completion of the Sebele Centre retail development for BWP100m.

  • March 2012

    PrimeTime Property Holdings Limited (Zambia Branch) registered in Zambia.

  • August 2012

    First building at Prime Plaza – CEDA House - completed.

  • December 2012

    Acquisition of two properties in Zambia from G4S Secure Solutions. PrimeTime’s first additions to the portfolio outside of Botswana.

  • October 2013

    Purchased the first floor of Acacia House, Prime Plaza for BWP12m.

  • November 2013

    Second building at Prime Plaza – Morula House – completed.

  • August 2014

    New 5,600 sqm HQ for Barclays Bank of Botswana at Prime Plaza completed.

  • June 2015

    Unitholders approved the development of Pilane Crossing, adding up to 9,000 sqm of retail to the portfolio.

  • October 2015

    PrimeTime Property Holdings (Mauritius) Limited incorporated in Mauritius.

  • November 2015

    PrimeTime Property Holdings (Zambia) Limited incorporated in Zambia.

  • December 2015

    Sale of Blue Jacket Square and Barclays Plaza in Francistown for BWP71m.

  • March 2016

    Acquisition of over 4,000 sqm of offices at PWC Office Park Lusaka, Zambia.

  • January 2017

    Acquisition of Centro Kabulonga, Lusaka for $17.3 million.

  • June 2017

    P201 million raised through a rights issue.

  • August 2018

    Design Quarter (Gaborone) and Munali Mall (Lusaka) complete.

  • June 2019

    Portfolio surpasses 100,000sqm of lettable area.

  • October 2019

    First South African acquisition made, Riverside Junction in Johannesburg.

  • August 2020

    Pinnacle Park, Gaborone completes.