Botswana Public Officers Pension Fund Eyes Key Property Acquisition in Mahalapye. The Botswana Public Officers Pension Fund (BPOPF) is set to expand its commercial property portfolio with the proposed acquisition of Lot 34338 in Mahalapye, currently owned by Tora Property (Pty) Ltd. The Competition and Consumer Authority (CCA) has received a merger notification regarding the transaction, which will see Seventy5 Degrees (Pty) Ltd acquiring and managing the property on behalf of BPOPF.
4Strategic Investment in Mahalapye
The targeted property, known as Cresta Mahalapye, includes buildings and other improvements on the site and will be acquired as a going concern. This move aligns with BPOPF’s investment strategy of expanding its commercial real estate holdings across Botswana, leveraging Seventy5 Degrees as a property asset manager.
Seventy5 Degrees, a private company incorporated in Botswana, specializes in property acquisitions and management on behalf of BPOPF. It is owned by Baalakani Nlumbile (70%) and Ronald Kabelo Modikana (30%) and is responsible for managing various industrial, retail, and commercial properties nationwide.
Key Players in the Transaction
- Acquiring Entity: Seventy5 Degrees (Pty) Ltd, acting for BPOPF
- Current Owner: Tora Property (Pty) Ltd, controlled by Kandaswamy Saiganesh and Geetha Saiganesh
- Property Involved: Cresta Mahalapye (Lot 34338)
The transaction will see Seventy5 Degrees assume management of the property post-acquisition, ensuring continuity of operations while adding another asset to BPOPF’s extensive property portfolio.
This development highlights BPOPF’s continued efforts to invest in strategic real estate assets, reinforcing its commitment to long-term growth and financial security for its members. Pending regulatory approval, the acquisition could enhance commercial activity in Mahalapye and contribute to the town’s economic landscape.
