SA Corporate buys Jhb centre for R42.5m

Posted On Monday, 11 June 2007 02:00 Published by eProp Commercial Property News
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Property group SA Corporate Real Estate Fund has bought the Ridge Shopping Centre for R42.5 million from Capital Property Fund, it said on Monday.










The centre, which is located in Honey Dew Ridge, west of Johannesburg, was bought on an initial income yield of 9.1% and presented sound rental growth prospects, said Roger Perkin, executive director of SA Corporate. 

He said the 4,800 m2 centre, which was built in 2003, is 100% let and is anchored by a 1,944m² Spar and Tops outlet, with the balance of the line shops providing convenience and restaurant services.

Last modified on Thursday, 24 April 2014 13:37

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