Ohlthaver & List (O&L) has acquired full ownership of the Broll Property Group, which owns Wernhil mall in Windhoek.
O&L acquired the remaining 49,9% shares in Broll effective 1 July.
O&L Group chief executive Sven Thieme says the new deal will allow for innovation and expansion within the property market.
“Full ownership of Broll Namibia enables us to deliver enhanced value to our clients and stakeholders, further strengthening our position as a leader in the property management sector,” says Thieme.
Broll is a property management company spanning across commercial, retail and industrial properties.
The group’s portfolio includes Wernhil Shopping Centre, Alexander Forbes , Independence 77 Retail Section, Seagulls Mall at Walvis Bay, B1 City, Pick n Pay Swakopmund , Town Square Building and the Old Breweries Complex.
As of last year, Broll was managing a property portfolio of N$2,6 billion.
The company’s managing director, Karen Keys, says the acquisition aligns with the 2029 vision and will contribute to the local economy.
“This acquisition not only solidifies our position in the market but also empowers us to diversify our offerings and explore new avenues for growth and innovation, ensuring we continue to meet and exceed the expectations of our clients,” says Keys.
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