The Atterbury House property comprises 26‚236 square metres of office space and 570 undercover parking bays.
The weighted average net rental per square metre of the Atterbury House property is currently R97 per square metre.
The purchase price is R341 million‚ which equates to an acquisition yield of 8.7%‚ is payable in cash against transfer of ownership of the Atterbury House property into Ascension’s name‚ on which date the Atterbury acquisition will become effective.
Atterbury House is situated at Riebeek Street and located in the corporate business district of Cape Town.