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Fairvest to acquire 5 retail assets, increases stake in Dipula Properties – Property Wheel
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Fairvest to acquire 5 retail assets, increases stake in Dipula Properties – Property Wheel
Fairvest Limited is acquiring five retail assets in KwaZulu-Natal and the Western Cape for R477.7 million with a blended yield of 9.81%. The Company has concluded agreements to acquire Nquthu Shopping Centre, Ulundi Shopping Centre and Eyethu Junction from Collins Property Group for a total purchase consideration of R208.7 million as well as Shoprite Manguzi for R136 million (subject to conditions precedent). In addition, Fairvest has also enter…
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