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