Botswana’s real estate firm Letlole La Rona Limited (LLR) has completed the purchase of a 30 percent stake in Orbit Products Africa’s manufacturing facilities at an initial cost of $7.23 million (Sh856 million).
LLR will buy the stake from Mauritius-based Grit Real Estate Income Group, which earlier in March completed the purchase of the asset located in Mlolongo from businessman Sachen Chandaria in a multi-billion-shilling transaction.
