Capital to acquire units in Pangbourne for R405m

Posted On Monday, 28 March 2011 02:00 Published by eProp Commercial Property News
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Capital Property Fund has entered into an agreement with Panya Investments in term of which it will acquire 23.7 million linked units in Pangbourne Properties for R405m.

Property-Housing-Residential

Capital Property Fund has entered into an agreement with Panya Investments in term of which it will acquire 23.7 million linked units in Pangbourne Properties for R405 million.

The deal is not subject to any outstanding conditions precedent.

Panya, the seller, is an entity that was established to facilitate a black economic empowerment (BEE) transaction by Pangbourne.

Last modified on Saturday, 05 March 2016 02:48

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