Botswana

LLR is a variable loan stock company listed on the Botswana Stock Exchange on 15 June 2011 and has a market capitalisation of BWP504 million (approx. US$46 million).  It is a key player in the real estate market in Botswana and owns 20 properties, the majority of which are located in the greater Gaborone area. Grit acquired a 30% share in November 2019.

LLR enables Grit to enter the Botswana property market with sufficient scale and corporate infrastructure to develop a leading property portfolio in the country and the wider region.

The LLR acquisition represents further exposure to investment grade Africa and an increased weighting in the industrial sector for Grit.

The distribution facility comprises pharmaceutical pallet locations, as well as consumer and cold-chain pallet locations and was originally custom-developed for Imperial Health Sciences.

Property Details

Letlole La Rona

Loan Stock Company
Sector Icon - Light Industrial
Industrial (61.5%)
Sector Icon - Retail
Retail (25.0%)
Sector Icon - Office
Office (6.3%)
Sector Icon - Corporate Accommodation
Residential (6.2%)
Sector Icon - Hospitality
Hospitality (1.0%)
  • Industrial Assets
  • Retail Assets
  • Office Asset
  • Residential Asset
  • Hospitality Asset
Asset Name Location OwnershipAnchor Tenant(s)No. of Tenants GLA (m²)EPRA VacancyEPRA NIYWALE – GLA WALE – Income Valuation
(31 Dec 2019)
Plot 9787Gaborone30%Multi Tenanted33 99425.0%10.7%0.771.12US$0.67 million
Plot 14398Gaborone30%Sefalana Cash & Carry Limited45 4500%11.0%0.860.87US$2.2 million
Plot 14453Gaborone30%Multi Tenanted22 1700%11.4%4.214.12US$1.1 million
Plot 14454Gaborone30%Multi Tenanted22 1700%8.5%0.080.08US$0.99 million
Plot 14455Gaborone30%Multi Tenanted22 1700%9.3%0.320.32US$0.95 million
Plot 14457Gaborone30%Multi Tenanted21 8000%12.6%1.421.49US$0.76 million
Plot 14458Gaborone30%Multi Tenanted21 8000%10.7%0.500.51US$0.77 million
Plot 14459Gaborone30%Multi Tenanted21 8000%11.0%2.011.82US$0.77 million
Plot 14460Gaborone30%Multi Tenanted21 8000%10.6%1.001.18US$0.78 million
Plot 22033Gaborone30%Metrofile Records and Information23890.140%7.4%1.922.08US$2.6 million
Plot 22038Gaborone30%SDM Holdings, The United States of America68 00012.5%9.0%1.881.92US$3.0 million
Plot 28911Gaborone30%Multi Tenanted119 8582.7%11.3%4.004.00US$7.2 million
Plot 32084Gaborone30%Kromberg & Schubert Botswana122 0910%12.9%0.880.97US$8.1 million
Plot 54233Gaborone30%Kamoso Distribution340 3130%10.6%2.062.41US$10.5million
Plot 64260Gaborone30%Multi Tenanted84 44115.9%8.2%4.784.49US$2.9million
Asset Name Location OwnershipAnchor Tenant(s)No. of Tenants GLA (m²)EPRA VacancyEPRA NIYWALE – GLA WALE – Income Valuation
(31 Dec 2019)
Plot 4738Gaborone30%Choppies43 9940%10.84.874.15US$4.1 million
Plot 29052 Watershed PiazzaMahalapye30%Shoprite, Choppies4111 277.263.1%8.6%4.784.49US$13.5 million
Asset Name Location OwnershipAnchor Tenant(s)No. of Tenants GLA (m²)EPRA VacancyEPRA NIYWALE – GLA WALE – Income Valuation
(31 Dec 2019)
Plot 50380 Moedi HouseGaborone30%The Government of the Republic of Botswana15 324.720%12.4%0.830.83US$4.4 million
Asset Name Location OwnershipAnchor Tenant(s)No. of Tenants GLA (m²)EPRA VacancyEPRA NIYWALE – GLA WALE – Income Valuation
(31 Dec 2019)
Plot 2989 Red SquareGaborone30%Multi Tenanted416 303.067.9%7.9%0.820.88US$4.3 million
Asset Name Location OwnershipAnchor Tenant(s)No. of Tenants GLA (m²)EPRA VacancyEPRA NIYWALE – GLA WALE – Income Valuation
(31 Dec 2019)
Plot 276 Bosela HotelGaborone30%Cresta Marakanelo522 8000%41.6%0.420.42US$0.71 million

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