BDC to shed property investments

source: Mmegi
MBONGENI MGUNI
Staff Writer

In a move expected to unlock wealth for local investors, the Botswana Development Corporation (BDC) is to embark on a major divestment from its multi-million pula property portfolio.

The divestiture is part of BDC’s Strategic Plan for 2007 – 2011. Between 2007 and 2008, BDC reviewed its various wholly, owned and equity property assets with a view to shedding its interest in selected properties.

BDC’s strategists are targeting mature investments for divestment, thereby unlocking funds that will kick-start a process through which local investors will tap into the profitability of the property investments.

According to information available, BDC plans to off-load targeted properties into a Property Fund that will create the [continue reading]

Advertisements


%d bloggers like this: