PrimeTime is a variable loan stock company listed on the Botswana Stock Exchange. It is a preferred property investment vehicle for institutions and private investors alike, with the number of shareholders growing from 1337 on listing in Dec 2007 to close to 2,000 today.
It is invested in a diversified portfolio of office, retail and industrial properties throughout Botswana and more recently in Zambia. The portfolio was valued at BWP 764 million at our 2015 financial year end, a figure we anticipate to rise substantially in the 2016 year end valuations as major acquisitions will be reflected in the 2016 figures.
The performance is reflected in the solid share price and consistent increase in valuation and distribution year on year.
Looking forward, PrimeTime is pursuing a policy of risk diversification by seeking investments elsewhere beyond Botswana’s borders. To this end it acquired two properties in Zambia on a sale & leaseback basis from G4S Zambia and continues to look for opportunities outside the country.
PrimeTime seeks to create long-term shareholder wealth through the acquiring of high-quality commercial real estate investments in Botswana and elsewhere in the sub-Saharan Africa region through the raising of debt and equity. The strength of competition for limited opportunities, especially standing investments, in Botswana led the company to seek expansion opportunities outside of the country’s borders. Initially this has been manifested in our growing presence in Zambia, but investments elsewhere in the region are considered on a case by case basis. PrimeTime continues to search for property investments, including development opportunities, in Botswana, Zambia and throughout the region with the intention of growing and diversifying the company’s portfolio in order to mitigate risk and create long-term shareholder wealth.
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