Home | Companies

Fairvest plans to acquire rental enterprises for R133m

By SA Commercial Prop News 2015-09-09 11:18:00  
Font size: Decrease font Enlarge font
Retail-oriented property fund Fairvest enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m. Retail-oriented property fund Fairvest enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m.

Retail-oriented property fund Fairvest enters into an agreement with Born Free Investments 385 to acquire rental enterprises for R133m.

Retail-oriented property fund Fairvest Property Holdings said on Tuesday it had entered into an agreement with Born Free Investments 385 to acquire rental enterprises for R133 million.

The group said it would fund the acquisition through debt and/or equity.

"The acquisition is consistent with the company's growth strategy whereby the company will focus on acquiring retail assets with a weighting in favour of non-metropolitan areas and lower LSM (living standards measure) sectors," the company said.


NEWSLETTER — GET THE LATEST NEWS IN YOUR INBOX. SIGN UP RIGHT HERE.

Enter your e-mail address below using Lowercase.



PEOPLE WHO READ THIS ALSO READ THESE

Safari Investments (JSE: SAR) which owns Mamelodi's Denlyn Shopping Centre in Pretoria, said it had received a R1.8 billion cash buy-out offer from Community Property (Comprop).

Comprop launches R1.8bn takeover bid for Safari Investments

Chief Executive Officer, Darren Wilder said: “Fairvest’s focus on a differentiated sector of the market and its unrelenting drive to excel at property fundamentals, have allowed investors to reap the rewards of consistency.

Investing in township shopping malls gives Fairvest the edge

Fairvest owns shopping centres near taxi ranks and in rural areas.

Fairvest increases distribution on solid letting and cost containment

Accelerate, which wants to dominate the Fourways node, has redeveloped the mall — set to open in the last quarter — into Africa’s largest shopping centre.

Fund bets on super mall to Accelerate confidence

Home in 1 | Leading Supplier to Events, Catering & Hospitality Industry

LATEST UPDATES

Attacq – the developer of Waterfall City In Johannesburg sold its remaining interest in Central and Eastern Europe (CEE) focused property group MAS Plc for R773 million

Attacq exits MAS Plc with R773m stake sale

Finance Minister Enoch Godongwana on Wednesday delivered the 2023 budget speech in Parliament, Cape Town

2023 SA Budget Key Highlights — by Finance Minister Enoch Godongwana

Rebosis Property Fund founded by Sisa Ngebulana has entered business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008.

Worrying moments ahead as Rebosis Property Fund goes into business rescue

Johannesburg has the potential to unleash endless opportunities for efficiency, growth and employment in the city.

Joburg aims to diversify its nighttime economy and become a 24-hour city