“We want to make something iconic. In every town, there is a landmark you will always remember… We want to create something that will linger on the minds of visitors for a long time.”
These are the words of Botswana Development Corporation (BDC) property division manager, Letsweletse Ramokate, who will head a project which is to give Botswana its “iconic” status.
Located in Fairgrounds in the city of Gaborone, the new property development will cover 33 000 square metres. It will include a 4 star hotel, shopping arenas and a 15 storey tower, which will be the tallest building in Botswana.
The project will be built in two phases. The first phase, in which the tower, three buildings and hotel (costing together P460 million), will be built, is expected to begin as soon as approval from city authorities. This first phase is estimated to take three years to complete. The project will be financed through BDC equity and funds from other financial institutions.
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