Vukile, Giyani Plaza deal valued at R69.20m

Posted On Friday, 06 May 2011 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Vukile Property Fund said that it believed the terms and conditions of the Giyani Plaza acquisition were fair to its linked unitholders.

Laurence RappVukile Property Fund said on Thursday that it believed the terms and conditions of the Giyani Plaza acquisition were fair to its linked unitholders.

The property fund had appointed an independent valuer, Quadrant Properties, to ascribe a value to the property, given the "small related party" transaction in terms of the JSE Limited Listings Requirements.

Quadrant had valued the property at R69.20 million as at August 1 2011. The original valuation was R68.25 million.

Last modified on Saturday, 26 April 2014 09:45

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.