Friday, May 20, 2022

PrimeTime completes Plaza building at the CBD

PrimeTime, the BSE-quoted property outfit, said it has completed yet another landmark contribution to Gaborone’s skyline in the form of Prime Plaza.

Located in the heart of the new CBD, the visually exciting Prime Plaza boasts 3 A-Grade office blocks. Prime Plaza offers office suites for letting as well as whole buildings available for purchase.

Prime Plaza is a new concept, eco-friendly design with high quality finishes. Comprising of two phases, the first phase of the P200 million development was completed early this year. Modelled after Johannesburg’s ‘Melrose Arch’, Prime Plaza’s office blocks are interspersed with coffee shops, lunch facilities and break-out areas.

Sandy Kelly, Managing Director of PrimeTime said: “A mixed-use development such as this is very new to Botswana. The design concept of Prime Plaza encapsulates the very essence of a multi-purpose development, providing an environment that is both professional and relaxing.”

Prime Plaza offers environmentally-friendly office suites from 375m2 to whole buildings of 2500m2 and 6500m2.

One of the greenest office developments in Botswana, some of Prime Plaza’s eco-friendly features include sun screening on the north, east and west facades, solar shield glazing, and landscaping architecture that makes the property as green as possible.

With owners such as Kenya Airways, Petro Botswana, Armstrong Attorneys and Hunt Essential already having been secured, PrimeTime has partnered with internationally acclaimed estate agents, Knight Frank and Richard Ellis, to secure further tenants for the development. In addition, PrimeTime and sister company, Time Projects, are themselves now housed in Prime Plaza.

“This is a doubly exciting time for PrimeTime, as Prime Plaza is also our new home. Such is the faith that we have in this new addition to our portfolio and to our city. Given that the new CBD is much more central, we will now be even closer to our clients and our partners. In moving, we are also participating in our country’s aim to diversify the economy and contribute towards employment creation. This is especially in terms of the support services industry such as security services. We are confident that Prime Plaza contributes greatly to the development of this fine city,” concluded Kelly.

PrimeTime was born out of its current sister-company, Time Projects, whose 13 investment properties were transferred to PrimeTime upon the company’s inception in 2007. Since then, PrimeTime has managed to attain a substantial number of properties.

At present, Prime Time owns the buildings which house tenants that include, but are not limited to, the United Nations, DHL Couriers, Timber City, Spar, Barclays, G4 Security, Mr. Price, Standard Chartered, Choppies Super Store, Pick n’ Pay and Alexander Forbes.

The company also owns properties across Botswana. In Gaborone, this includes the AFA House, Letshego Place, Capricorn House, Independence Place, South Ring Mall, Sebele Centre and Prime Plaza, in which PrimeTime is itself located. The company also owns Hillside Shopping Centre in Lobatse, Boiteko Junction in Serowe, Ramotswa Shopping Centre, and Ghanzi Shopping Centre. In Francistown, Prime Time owns Mantlo House, Blue Jacket Square, Barclays House, Barclays Plaza and Nswanzi Mall.

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