About Us

Turnstar Holdings is a property loan stock company that has been listed on the Botswana Stock Exchange since 2002. The organisation holds 8 properties in Botswana, 4 in Tanzania and 1 in Dubai inclusive of premium retail shopping centres, multi-residential estates, and office buildings.

Most popularly known for its shopping centres, Game City Shopping Mall in Gaborone, Nzano Shopping Centre in Francistown and Mlimani City in Tanzania, the company prides itself in ensuring comfortable, positive experiences for all retail customers that visit these centres, therefore focuses on responding to the evolving needs of local shoppers and retailers.

This focus inspired the recently completed enhancing elements of Game City shopping mall: an extended, international-standard fashion avenue on the ground floor hosting global franchise boutiques and retail clothing stores, an IT node and a refreshed, well-lit food court on the second floor. In response to demand for convenient parking during hot local summers, the enhanced Game City Shopping Mall has also been enhanced with the addition of a 3-level parkade in response to the need for more convenient parking, offering greater security and protection for shoppers.

Game City now boasts 3 high-profile event spaces, fit to host event guest collectives ranging in volumes. Not only does Game City offer Batswana a premium shopping experience, it also offers a convenient venue to host various corporate, leisure and personal events such as gala dinners, weddings, music concerts, exhibitions and product launches.

Turnstar Holdings is an organisation that is focused on competing on a global level, and therefore continues to explore opportunities beyond Botswana’s borders. In Tanzania, Turnstar Holdings proudly holds Mlimani City, a premium, centrally-located shopping centre in Dar es Salaam. The refreshing of Mlimani City is a priority for Turnstar Holdings this year, with refurbishing and upgrading of the state-of-the-art conference centre, an extension of the retail section and additional basement parking to hold more than 300 vehicles at a time. Turnstar Holdings has not only successfully grown its portfolio beyond Botswana, but beyond Africa, with a 4-story commercial building in Dubai with full occupancy.

Turnstar Holdings looks forward to a fruitful year and beyond, as the company continues to channel its effort towards investing in quality properties that offer its various unit holders value.

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 P2.3bn
  • Unique sectorally and geographically diversified property portfolio comprising 12 properties:
    • 5 properties in Gaborone, 2 in Mogoditshane, 1 in Francistown, 1 in Dubai, 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 75 staff

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…

  • 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

  • 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

  • Implement best practice
  • Strong governance through active independent and non-executive board
  • 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