Listed on the BSE, a 13 property portfolio born out of Time Projects with an initial market capitalisation of P193 million
Acquisition of three properties in Francistown for BWP75m paid with the issue of 25.6m linked units plus cash raised on the IPO.
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).
Acquisition of 75% of a Gaborone CBD plot for P6.5m – later to become Prime Plaza.
Acquisition of Plot 20584 Gaborone from G4S Security Services on a sale and leaseback basis.
Completion of the Sebele Centre retail development for BWP100m.
PrimeTime Property Holdings Limited (Zambia Branch) registered in Zambia.
First building at Prime Plaza – CEDA House - completed.
Acquisition of two properties in Zambia from G4S Secure Solutions. PrimeTime’s first additions to the portfolio outside of Botswana.
Purchased the first floor of Acacia House, Prime Plaza for BWP12m.
Second building at Prime Plaza – Morula House – completed.
New 5,600 sqm HQ for Barclays Bank of Botswana at Prime Plaza completed.
Unitholders approved the development of Pilane Crossing, adding up to 9,000 sqm of retail to the portfolio.
PrimeTime Property Holdings (Mauritius) Limited incorporated in Mauritius.
PrimeTime Property Holdings (Zambia) Limited incorporated in Zambia.
Sale of Blue Jacket Square and Barclays Plaza in Francistown for BWP71m.
Acquisition of over 4,000 sqm of offices at PWC Office Park Lusaka, Zambia.