Tsogo Sun is in talks to buy a significant stake in struggling real estate investment trust, Hospitality Property Fund in what could be the first step in its plan to list a property fund.

HCI will by default bolster its large stake in Tsogo Sun after SABMiller confirmed a decision to disinvest from the gaming and hotels group.

Cape Town property valued at R38.7m is to be transferred to Seardel after leave to appeal by third parties opposing the transfer was dismissed with costs.

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