About RNB

Welcome To RNB Properties

RNB Properties Limited (“the Company”) is one of the industry leaders in real estate management, development and consulting in Lesotho. Established in 2010, the Company has significant investments in undeveloped residential and commercial land in Lesotho. RNB Properties Limited has four integrated real estate core businesses namely property management and sales, property development and maintenance & renovations as well as property consulting. The Company’s flat corporate structure and business model supports synergies across its businesses and contributes to the overall success of the Company.

Our Little Story

Something About Us

Our vision is to be the leading properties company in Lesotho by income return and be recognized for consistency in formulating and executing prime residential, commercial developments and acquiring prime assets to ensure we maintain a well-diversified property portfolio, with regular distribution of earnings to owners of the company.

We have developed a 5-year strategy whose main focus is to grow the portfolio through acquisitions by increasing our land bank and developments on those prime land banks. Following an analysis of the current market conditions and need to reduce development risk, we will undertake pre-let or partially pre-let developments.

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Given the current economic fundamentals and opportunities for prime residential and office developments, we embarked on the development of one of our prime residential and office park developments in the Hillsview area of Maseru. With the coming in of Maseru Securities Market will realised an opportunity to harness local resources to raise capital and gives Basotho an opportunity to own part the business and, in the process, create wealth for themselves and generations to come. The development will be funded by a combination of private debt and equity.

The business has invested heavily in tenant retention initiatives to ensure that existing tenants are not lost and is able to attract new tenants in order to maintain occupancy levels currently sitting at 90%.

Our growth strategy is premised on acquisitions and developments, supported by our focus to retain clients and enhance their experience in our buildings and in those premises, we manage. This strategy will position the company as a leading property investment company yielding competitive returns to compete and outperform other asset classes.
Key strengths of the Company are, inter alia:

  • A well-recognized brand;
  • Depth and breadth of management;
  • Effective, well trained staff, led by incentivized management;

Real estate development

  • Real estate development is the development of vacant land into services and buildings as well the renovations of property. The Company owns about 2 hectares (ha) of land in both the residential and commercial markets, which had an open market value as of M8 million as at 31 December 2018. The land, which is largely earmarked for residential development, is located in one of the most prestigious and sought-after neighbourhoods in the country. The development of the land bank listed below would be rolled out in phases, providing luxurious low to middle income residential housing solutions at competitive prices.

What Do We Offer

We offer a variety of services, below is the summary

Renovations And Repairs

We offer a full range of skills and knowledge to ensure our house refurbs are completed to a high standard and on time.

Property Consultancy Services

We advice clients about real estate decisions; we are always aware of the area we live in hence we can give the best advices always

Property Development

We offer a full range of skills and knowledge to ensure our house refurbs are completed to a high standard and on time.

Property Sales

want to buy a new home? we are a number one place to start your next property search

Interior Designing

We are here to help you achieve your dream home with expert Interior Design services.

Residential Property Management

Are you looking for the perfect property to rent in Lesotho? You have come to the right place.

We are the best
Building Consultant

We facilitate the progress of construction by considering potential problems that could arise during planning, development and post-construction and putting strategies in place to prevent them.

We provide expert advice on logistics and ensure projects adhere to any relevant codes of compliance.

Our Construction Works

Below is the collection of images from our recent renovation work at KFC – Bus Stop

Our Recent Works

Here are some of our recent listings projects. Please feel free to use them as inspiration..

We Have a tons Of Experience …and we are not afraid to use it. Take a look at our recent projects.

The 2021 KFC – Bus Stop Maseru is the most recent renovation work we did, the project itself is a success.

 

 

OUR growth strategy is premised on acquisitions and developments, supported by our focus to retain clients and enhance their experience in our buildings and in those premises, we manage.