RED SQUARE
Recently, LLRL acquired Red Square, a residential property sitting on a 1.84 hectare piece of land in a gated estate located at the Corner of Nyerere Drive and Nelson Mandela Drive in Extension 11 Gaborone. The property is situated at the heart of the City and in one of the most sought after locations in Central Gaborone. Its proximity to major businesses in Gaborone, including financial institutions, parastatals, Government Ministries, the High Court, the Industrial Court, SADC Head Office makes it a prime location for individuals with business interests around the city centre and the new CBD.


The property was acquired at the sum of P42 million and has helped in diversifying LLRL's property portfolio, propping up exposure to residential property from naught to 6%.

NBC PROPERTY
LLR has concluded a deal for acquisition of one-third stake in a well located and thriving shopping centre in Francistown valued at approximately P105 million. The property is located pretty close to the Central Business District and benefits a lot from foot traffic needing access to the taxi rank. The retail centre is poised for growth, with rental for the anchor tenant having recently increased. This brings to two, the total number of strategic acquisitions by LLR in a space of five months. LLR will continue looking for opportunities to diversify its property portfolio by targeting acquisitions which would yield a competitive return and appreciate in value in real terms over time.