The Managing Director of Turnstar Holding Mr. Jacob Mothabane has confirmed that his company is closer to acquiring Mlimani City Property Development in Dar es Salaam as most of the ground work is complete and only waiting for "the approval of the Tanzanian government". The acquisition deal is valued at $77 million became effective on August 1, 2011. On what exactly Turnstar is buying, the company says a multi business area -a shopping centre with lettable space of about 19,000 square meters, a fully let office park consisting of four double-storeys, A-grade buldings with a let space of plus or minus 11,308 square metres, a conference centre with a full range of facilities and amenities which played a host to the African leg of the World Economic Forum and a ready built residential housing estate with 50 units. Also Turnstar will have access to about 7,500 square metres of undeveloped land for future use. Source: The Citizen of 9th Sept. 2011 pg10.