Specialist retail real estate investment trust (Reit) VukilePropFund has bought the Pan Africa Shopping Centre located in the Alexandra township of Johannesburg for the price tag of R669 million. Moneyweb Reit Property
Specialist retail real estate investment trust Vukile Property Fund has bought the Pan Africa Shopping Centre located in the Alexandra township of Johannesburg for the price tag of R669 million, a move it says will strengthen its investment ties in the country. The JSE-listed property company will be acquiring the shopping centre from current owners the Pan Africa Development Company – which is partly owned by Atterbury Property, Talis Holdings and Summit Ridge Trading 5.
“In early 2022, we successfully restarted our growth in Spain, and now we are particularly pleased to resume the growth of our South African portfolio with this major investment in Pan Africa Shopping Centre,” adds Rapp. “By acquiring this asset and its future extension, we are deepening our core investment strategy in South Africa and adding value for our stakeholders.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: Macron Says France Will Stand By Africa On Security IssuesFrench President Emmanuel Macron has wrapped up a meeting with Paul Biya, his counterpart in Cameroon, the first port of call on his three nation tour. He reiterated that France would continue to support Africa's security needs.
Read more »
Ramaphosa vows equal pay for South Africa women after AFCON winPresident Cyril Ramaphosa rolled out the red carpet for South Africa's women on Wednesday, saying they deserved to be paid as much as their male counterparts after they won their first Africa Cup of Nations.
Read more »
Lavrov denigrates West's stance towards Africa during Ethiopia visitRussian Foreign Minister Sergei Lavrov said on Wednesday that Moscow supported Ethiopia's efforts to stabilise its internal political situation in remarks that sought to draw a contrast with what he presented as meddling by the West.
Read more »
Boity, Nadia Nakai and more to take the stage at Miss South Africa finale | ChannelMiss South Africa is sticking to its 'Go Big or Go Home' motto for this year's finale.
Read more »