28th May 2025
Own Correspondent
ABSA has signed a Memorandum of Understanding(MOU) with Prime Time that leverages on their collaboration, responsiveness, and shared ambition to sustainable growth in the signing of the Lease renewal document in respect of ABSA House, Plot 74358 New CBD Gaborone.
ABSA House measures 5436sqm in size with a parking ratio of 4.5 bays/100sqm. It is PrimeTime’s flagship office building in Gaborone occupied by a great covenant tenant.
Together they endeavor to create a space that goes beyond bricks and mortar—it enables possibility.
Krishnan Menon – ABSA Chief Operations Officer(COO) said “Today’s Lease Sign-Off is more than a contractual formality—it is a reaffirmation of shared values, a continuation of a strong and purposeful partnership, and a symbol of our joint commitment to resilience and sustainable growth.
He said, “At Absa, we believe in creating environments that support performance, innovation, and community impact. This building has enabled us to do just that—and more. With this renewed agreement, we are setting the stage for the next chapter of growth—anchored in stability, aligned with our ESG goals, and driven by a vision for long-term value.”
ABSA stressed that it was important to continue building not just infrastructure, ‘but legacies of impact, excellence, and shared success.’
PrimeTime Director, Turnie Morolong said “The process of getting Absa (or Barclays as they were then) to move to the CBD was a long one. We had engagements over many years when they were still in dysfunctional space in the ageing Barclays House in the Government Enclave.”
He said, “Through consultation with the bank, PrimeTime delivered a bespoke building. Offering efficient working spaces, the best parking ratios in the CBD, all in a cost efficient and sustainable building.”
PrimeTime has been listed on the Botswana Stock Exchange (BSE) since December 2007. At listing the property portfolio was valued at P 224 million. As at now it is valued at P1.8 billion.
PrimeTime has a diversified portfolio covering Office, Retail and Industrial sectors and operates in three (3) jurisdictions, namely Botswana, Zambia and South Africa. In Botswana PrimeTime owns property in Lobatse, Gaborone, Pilane, Serowe and Francistown.
