Boidus Focus - Vol 5, Issue 7 [July 2015]

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OIDUS FOCUS Registered at GPO as a Newspaper P15.00 (Including VAT)

BOTSWANA’S BUILT ENVIRONMENT NEWSPAPER | Vol. 5, Issue 6 | june/july 2015

www.boidus.co.bw

HOME IMPROVEMENT

DIY Special: How to

Repair a Leaky Spigot p11

PROFESSIONAL PRACTICE

LOCAL NEWS

BPOPF invest P300 million

In CBD Mixed-Used

p2

Contractual Privity Between

Employer & Subcontractor p10

MAIN FEATURE

IPD Index Reveals

Slowdown in Botswana Property Market

By Kibo Ngowi

“It Remains The Best”

iTowers Fights For Mixed Use Supremacy With Second Tower By Kibo Ngowi When the first tower of the iTowers development was opened in 2013 it was easily Botswana’s tallest building with an elevation of 19 storeys but the second tower, which is almost completely pre-sold and is at an advanced stage of construction, will dwarf it at

a height of 28 storeys. Appleby’s Director Batanani Nkhumisang talks to Boidus Focus about the vision behind iTowers and why he believes it remains the best development of its kind in Botswana.

p3, 7

ARC Set To Kick-start

Registration of Architects By Kibo Ngowi

The Botswana investment property sector is experiencing a slowdown, with ungeared total returns falling from 21.5% in 2013 to 11.5% in 2014, according to the fourth “IPD Botswana Annual Property Consultative Index”, released last late last month. First launched in 2012, the index measures ungeared total returns to directly held standing property

investment for the year ending December the previous year. The total returns hovered around 20% in the first three IPD reports (20.8% for 2011; 19.5% for 2012; and 21.5% for 2013) so the current level of 11.5% marks a significant drop from the trend of previous years.

Botswana Insurance Company:

The Real Estate Advantage:

Professional Indemnity Insurance Cover

p15

p5

Ten Years of Market Trends

p8

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As part of a wider effort to establish a fully regulated environment for Botswana’s construction industry, the Architects Registration Council (ARC) will this year begin the process of registering all the country’s architecture

professionals. Boidus Focus spoke to ARC Chairperson Mr. Goitsemodimo Manowe to learn more about how this process will be carried out and how it will benefit the public at large.

p6, 15

Design pad:

Furniture Restoration & Repurposing

p14


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