{"id":32142,"date":"2023-08-09T15:36:36","date_gmt":"2023-08-09T15:36:36","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=32142"},"modified":"2023-08-09T16:14:02","modified_gmt":"2023-08-09T16:14:02","slug":"bifm-property-targets-p2bn","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn","title":{"rendered":"Bifm property targets P2bn"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The country\u2019s largest asset manager, Bifm, plans to ramp up its Local Property Fund to a size of P2.04 billion by 2025, from the current P1.3 billion, through targetted investments in the market.<\/b><\/p>\n

Giving an update on the Fund recently at Bifm\u2019s annual seminar, Botlhe Tshukudu, Bifm\u2019s Portfolio Manager for Unlisted Investments, said investments had slowed down during the COVID-19 era due to significant risks in the market such as depressed rental yields and uncertain cash flows.<\/p>\n

He however said with impending changes to the pension fund rules expected to create high liquidity in the local market, there was an opportunity for the Fund to tap into this and secure opportunities. Under changes to the Retirement Funds Act, local pension funds will soon be required to invest a minimum of 50% domestically, from the current 30%, although the changes will be done in a phased manner over several years.<\/p>\n

Tshukudu said the Fund was currently invested in Airport Junction through a special purpose vehicle with other investors, as well as in Engen Palapye, Engen Maun and others.<\/p>\n

He said the intention was to continue similar partnerships in the property market.<\/p>\n

Opportunities are particularly bright in the retail market, he said, where the Fund is targeting a 51% allocation from the current 48%, while the office space market is seen as more risky.<\/p>\n

Property analysts have said the office space market is approaching saturation in areas such as Gaborone, while opportunities exist in the industrial and hospitality market around the country.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The country\u2019s largest asset manager, Bifm, plans to ramp up its Local Property Fund to a size of P2.04 billion by 2025, from the current P1.3 billion, through targetted investments in the market. Giving an update on the Fund recently at Bifm\u2019s annual seminar, Botlhe Tshukudu, Bifm\u2019s Portfolio Manager for Unlisted Investments, […]<\/p>\n","protected":false},"author":84,"featured_media":32141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-32142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBifm property targets P2bn - Botswana<\/title>\n<meta name=\"description\" content=\"The country\u2019s largest asset manager, Bifm, plans to ramp up its Local Property Fund to a size of P2.04 billion by 202 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bifm property targets P2bn\" \/>\n<meta property=\"og:description\" content=\"The country\u2019s largest asset manager, Bifm, plans to ramp up its Local Property Fund to a size of P2.04 billion by 202 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T15:36:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T16:14:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/08\/sm_1691578725.857403.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"449\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bifm property targets P2bn\",\"datePublished\":\"2023-08-09T15:36:36+00:00\",\"dateModified\":\"2023-08-09T16:14:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\"},\"wordCount\":265,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/08\/sm_1691578725.857403.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bifm-property-targets-p2bn\",\"name\":\"Bifm property targets P2bn - 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