CR InTernational Project

The Fairgrounds Financial Centre

The Fairgrounds Financial Centre is a distinctive landmark building at the centre of Gaborone’s most established financial district.The development was completed in April 2010 and according to the project team the centre was on schedule with no delays.

Designed to enhance its occupants and their environment, this exciting new scheme raises the benchmark in terms of design, specification and quality of the new commercial head office space.

Building Specifics

The Fairgrounds Financial Centre measures a total area of 4,902m2 over four floors (to be extended by a further 1,200m2 upon completion of the second phase), and portioned off into four self-contained quarter segments extending the opportunity for interested parties to look into a variety of different suite sizes, the project offers variable suite sizes ranging between 140m2 and 2,500m2. Each office suite will be complete with A-grade finishes, carpeted in the usable office areas, tiled in the communal areas, air-conditioned throughout, access between the floors will be via a staircase or lift and each block will have its own personal access to a roof garden terrace.

The shape of the plot has been utilised exceptionally well by the developers and architects in the design of its infrastructure allowing for substantial parking (a somewhat rare commodity within commercial developments in Gaborone).

The provision of these parking bays will ensure that occupants and their visitors will have access to a parking bay at all times. There are also future plans of developing stilted parking on the property to allow for more parking bays should this be a requirement. Furthermore the provision of two entry/ exit points (one of which runs under Block 2 in the centre of the structure) ensures that there will be no congestion when accessing and exiting the centre.

The centre is targeted at medium to large financial service providers such as banks, leading financial institutions, company secretaries, asset managers, accounting firms, N.G.O’s and government departments. Zoning of the centre will allow for banks to open retail branches on the ground floor areas without being disrupted by office occupants on the upper floors. There is a further provision for a high class restaurant on the ground floor of Block 4 which has a high volume capacity making it an ideal location.

Construction of Phase 2 Due to Commence:

On another note, joint-venture partners Botswana Insurance Fund Management and Stocker Fleetwood- Bird have informed Construction Review that the commencement of the second phase, known as ‘Block 5’ of the Fairgrounds Financial Centre is commencing now, off the back of the success of the first phase.

Stocker Fleetwood-Bird consultant Adam Van Aswegen has informed “The development of the first phase of the Fairgrounds Financial Centre has been a tremendous success and thus the JV partners decided that now is the right time to tackle the second phase.

A few weeks of marketing the first phase of the project saw the market respond rapidly in securing space within the centre. Block 5 will be of the same design and specification as the first phase, measuring 1,200m2 over four floors, and Stocker Fleetwood-Bird will be marketing the unit for sale as well as looking at possible tenants in the event that a speculator is to purchase the building.”