Turnstar Holdings | ABOUT US
A Variable Rate Loan Stock Company
Turnstar Holdings Limited, Variable Rate Loan Stock Company, G H Group, Bishop Diocese of Roman Catholic Church, invest in real estate property, real estate property investors Botswana, Game City Mall in Gaborone, Nzano Shopping Centre in Francistown, Fairground Office Park, Turnstar House, Mogoditshane Townhouses, Plot 63 Commerce Park, Supa Save Mall, Citroen House, Tapologo Estate
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ABOUT US

 
ABOUT TURNSTAR HOLDINGS LIMITED

A diversified regional sub-Saharan African property loan stock company

  • Listed on the Botswana Stock Exchange (BSE) in 2002
  • Most diversified property company on the BSE with property assets valued at over P1.7bn
  • Unique sectorally and geographically diversified property portfolio comprising 13 properties:
    • 6 properties in Gaborone, 2 in Mogoditshane, 1 in Francistown, and 4 in Dar-es-Salaam
    • Retail bias with unique regional shopping centres such as Game City in Gaborone and Mlimani City in Dar-es-Salaam
    • US dollar earnings provides element of Pula hedge
  • Fully integrated internally managed property company employing 125 staff
CONTACT TURNSTAR

Total return to investors of 31.3% over 2014 financial year

Corporate strategy

Turnstar’s strategy remains to invest in quality properties with strong contractual cash flows in order to achieve value enhancement and sustainable growth in distributions to unitholders…

Investment Strategy
  • Focus on properties with opportunities, sustainable income supported by strong tenant covenants
  • Utilise prudent capital structure – minimise cost of funding and refinance risk
  • Diversification by geography and sector whilst maintaining a defensive retail sector bias
  • Constant pursuit of opportunities to enhance return on investment including accretive or defensive expansion, additions, renovations or the sale of existing properties as and when appropriate
Operating strategy
  • Maximise property performance through pro-active asset management, property management and leasing
  • Improved customer and tenant focus and constant evaluation of market trends
  • Integrated financial management and reporting system
  • Strategic planning of short term and long term capital investments
  • Property development in support of tenant requirements – No speculative property developments
Management strategy
  • Strong governance through active independent and non-executive board
  • Implement best practice
  • Active stakeholder engagement including communication and transparency to unit holders
  • Continued ability to source opportunities through extensive networks
  • Should the opportunity arise Turnstar may consider investment in other listed property funds that contribute favourably over time to the capital and income returns for unit holders
CURRENT DEVELOPMENTS