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Fairvest pays R34m for 50 percent Sebokeng Plaza

Posted On Thursday, 07 March 2013 07:33 Published by eProp@News
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Property company Fairvest announced the acquisition of 50% of the Sebokeng Plaza for R34m.

The effective date of the Sebokeng Plaza Acquisition will be the date of registration at the Deeds Office of transfer of ownership of the Undivided Shares in and to the Sebokeng Plaza Property into the name of the Purchasers, which is expected to occur on or about 1 May 2013.

The Sebokeng Plaza 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 sectors.

Shoprite leases a portion of the Sebokeng Plaza Property and prior expansion agreements will be honoured.

Last modified on Thursday, 07 March 2013 07:59

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