BR Properties, a subsidiary of Botswana Railways (BR), has indicated that a brand new mall is going to be built in Francistown.
Back in 2016, BR Properties announced that the company was looking for a partner in order to build the mall.
“Companies that are interested in partnering (with) BR Properties for the construction of the mall will submit their final proposals in December.
We will assess the right proposal and choose the most suitable partner,” BR Properties managing director, Oarabile Zhikhwa told.
Zhikhwa added that “After choosing the right partner we will go into intense negotiations and sign an agreement to start developments.”
The construction of the mall is expected to start in 2018 depending on the pace of engagements.
However, the mall project can be changed due to the depreciating property market prices. Indeed, the property sector in Francistown has been going down since the closure of Tati Nickel Mine in October last year, which employed over 700 people directly and indirectly.
If the situation does not improve we will consider options, which amongst them will include scaling down the project,” she said
We will keep you updated on the progress of this project!
