Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported strong interim results despite a challenging economic environment.
Accelerate Property Fund has acquired roughly half of the Portside office building, the tallest skyscraper in Cape Town, which houses banking group FirstRand’s regional head office in the central business district (CBD).
More investors are likely to place Accelerate Property Fund on their buying lists after the company finally acquired the rights to add another 90000m² to Fourways Mall.
Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, continued to deliver impressive results for the year ended 31 March 2015.
Despite volatile market investors still keen, oversubscribed issue shows the market has an appetite for credit where property assets are high quality

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