Month: <span>May 2022</span>

Botswana Stock Exchange listed diversified real estate company, Letlole La Rona Limited (“LLR” or “the Company”), a premier variable rate loan stock company whose existing property portfolio comprises of industrial, retail, residential and commercial office space, today delivered on its “Go-to-Africa” strategy by way of acquiring an initial 30% equity stake into Orbit Africa Logistics for US$7.2
million. LLR has the option to increase its investment to 50% of Orbit Africa Logistics for a further US$ 7.6 million. [ Read more ]

Further to the Cautionary Announcement dated 4 May 2022 (‘Cautionary Announcement Update – Potential Transactions) and in line with Section 7.5 (a) of the Equity Listings Requirements (“the Listings Requirements”) of the Botswana Stock Exchange Limited (“the BSE”), the Board of Directors (“the Board”) of Letlole La Rona Limited (“LLR”), a premier variable rate loan stock company whose existing property portfolio comprises of industrial, retail, residential and commercial office space, today announces a co-investment opportunity alongside Grit Services Limited (“GSL”) in the acquisition of an industrial property in Nairobi, Kenya through Orbit Africa Logistics (‘OAL’), a special purpose vehicle incorporated in Mauritius, which is wholly owned by GSL. GSL is a wholly owned subsidiary of London Stock Exchange listed Grit Real Estate Income Group (“Grit”). [ Read more ]