Lavastone Properties has made an exciting acquisition with ABSA House, now proudly under the umbrella of BH Property Investment LTD. This strategic move aligns perfectly with Lavastone Properties’s expansion goals. ABSA House boasts a prime location and is poised to be a cornerstone of Lavastone’s investment portfolio. The real gem of this acquisition is the anchor tenant, Absa Bank (Mauritius) Ltd, who occupies a substantial 86% of the lettable space. This lease covenant, backed by a formidable institution like Absa Bank, adds an extra layer of stability to Lavastone’s investment. The future is bright as Lavastone Properties continues to grow and prosper.
