{"id":62080,"date":"2025-01-17T06:22:42","date_gmt":"2025-01-17T06:22:42","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=62080"},"modified":"2025-01-21T12:21:54","modified_gmt":"2025-01-21T12:21:54","slug":"bpopf-acquires-84-units-in-baberekis-seriti-estate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate","title":{"rendered":"BPOPF Acquires 84 Units in Babereki\u2019S Seriti Estate"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The Competition and Consumer Authority (CCA) has unconditionally approved the acquisition of 84 units in Seriti Estate, Lot 12107, Mogoditshane, by Seventy5 Degrees (Pty) Ltd, acting on behalf of the Botswana Public Officers Pension Fund (BPOPF).<\/b><\/p>\n<p>This decision was reached following a thorough review of the proposed transaction as detailed in a report released by the CCA.<\/p>\n<p>The transaction was formalised under a sale agreement dated 8 October 2024 between BPOPF and Babereki Enclave (Pty) Ltd, marking a significant change in ownership.<\/p>\n<p>Change of control<\/p>\n<p>\u201cFollowing the implementation of the proposed transaction, the target property will be owned by BPOPF and managed by the acquiring enterprise,\u201d the report noted. \u201cThis constitutes a change of control for purposes of section 45 of the Act.\u201d<\/p>\n<p>Seventy5 Degrees, a private company incorporated under the laws of Botswana, facilitated the acquisition. The company is owned by Batswana entrepreneurs Baalakani Numbile and Ronald Kabelo Modikana.<\/p>\n<p>According to the report, the ultimate acquirer, BPOPF, is a pension fund established under the Retirement Funds Act No. 38 of 2022 to serve public service employees.<\/p>\n<p>Competitive market<\/p>\n<p>The seller, Babereki Enclave, is a special purpose vehicle jointly owned by Babereki Investments (Pty) Ltd, incorporated in Botswana, and IHS Fund Two (Namibia GP) (Pty) Ltd, a Namibian entity.<\/p>\n<p>Babereki Enclave is best known as the developer and owner of Seriti Estates, a residential project.<\/p>\n<p>The CCA\u2019s assessment underscored the broad and competitive nature of Botswana\u2019s real estate sector.<\/p>\n<p>Highly diverse<\/p>\n<p>\u201cThe real estate market is highly diverse and characterised by well-established companies and individuals,\u201d the report stated, adding that customers in Botswana have ample choices, demonstrating a healthy competitive landscape.<\/p>\n<p>Both parties involved in the transaction play specific roles in the property market. Babereki Enclave operates as a property developer but does not control any enterprises in Botswana.<\/p>\n<p>Similarly, Seventy5 Degrees acts as a property asset manager, managing industrial and commercial properties nationally on behalf of BPOPF for whom this acquisition aligns with a broader investment strategy.<\/p>\n<p>Unequivocal<\/p>\n<p>Established in 2001 following the government\u2019s decision to transition public officers\u2019 pensions from a Defined Benefit Scheme to a Defined Contribution Scheme, BPOPF has since grown into a significant player in Botswana\u2019s property market, holding extensive residential and commercial real estate portfolios.<\/p>\n<p>In its competitive analysis, the CCA found that the merger would not reduce the number of market players or lessen competition. \u201cThe implementation of the proposed merger is not likely to result in a substantial lessening of competition,\u201d the report emphasised.<\/p>\n<p>The transaction was also evaluated for its impact on public interest and the findings were unequivocal. \u201cThe proposed merger will not have any negative effect on public interest matters in Botswana as per the provisions of section 52(2) of the Competition Act 2018,\u201d the CCA stated.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The Competition and Consumer Authority (CCA) has unconditionally approved the acquisition of 84 units in Seriti Estate, Lot 12107, Mogoditshane, by Seventy5 Degrees (Pty) Ltd, acting on behalf of the Botswana Public Officers Pension Fund (BPOPF). This decision was reached following a thorough review of the proposed transaction as detailed in a [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234],"class_list":["post-62080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BPOPF Acquires 84 Units in Babereki\u2019S Seriti Estate - Botswana<\/title>\n<meta name=\"description\" content=\"The Competition and Consumer Authority (CCA) has unconditionally approved the acquisition of 84 units in Seriti Estat ...\" \/>\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\/bpopf-acquires-84-units-in-baberekis-seriti-estate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BPOPF Acquires 84 Units in Babereki\u2019S Seriti Estate\" \/>\n<meta property=\"og:description\" content=\"The Competition and Consumer Authority (CCA) has unconditionally approved the acquisition of 84 units in Seriti Estat ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate\" \/>\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=\"2025-01-17T06:22:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-21T12:21:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/01\/sm_1737081635.801987.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\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=\"3 minutes\" \/>\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\/bpopf-acquires-84-units-in-baberekis-seriti-estate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BPOPF Acquires 84 Units in Babereki\u2019S Seriti Estate\",\"datePublished\":\"2025-01-17T06:22:42+00:00\",\"dateModified\":\"2025-01-21T12:21:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate\"},\"wordCount\":472,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/01\/sm_1737081635.801987.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bpopf-acquires-84-units-in-baberekis-seriti-estate\",\"name\":\"BPOPF Acquires 84 Units in Babereki\u2019S Seriti Estate - 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