Botswana Railways Launches its Subsidiary Company
07 May 2008

BR Properties (Pty) Ltd., a subsidiary company of Botswana Railways (BR) will be officially launched and its logo unveiled on Wednesday, May 7th 2008 at the Phakalane Golf Estate at 18h30.  The Honourable Assistant Minister of Works and Transport, Mr. Frank Ramsden will officiate at the launch dinner.

BR Properties (Pty) Ltd. was established by Botswana Railways in 2007 following the amendment of the Botswana Railways Act in 2004.  The amendment of the act allows BR to be a commercially viable company which can enter into joint ventures and form subsidiary companies.

The primary objective of BR Properties (Pty) Ltd. is to unlock land value and create wealth for BR through the development of land resources of BR into active property assets that generate rental income for BR.  BR Properties (Pty) Ltd. manages land resources that can be used for;

• Retail, commercial, residential and industrial developments;
• Underground conduit of any kind, including oil and gas pipes;
• Warehousing; and
• Billboards.

Developments that BR Properties (Pty) Ltd. will undertake in the future will not only contribute towards the cash flow of investors, but will also improve the quality of towns, create jobs, promote opportunities to empower citizens, attract private sector investment, optimize the use of land and property resources as well as facilitate skills development.

For more information please contact;
Alina Masenya
Public Relations Manager