Fountainhead Property Trust has concluded an agreement for the acquisition of Centurion Boulevard from Sanlam Life Insurance.

Tuesday, 15 November 2011 02:00

Vukile acquires R1.5bn property portfolio

Property loan stock company Vukile Property Fund says it is to acquire a portfolio of 20 properties, worth nearly R1.5bn, from Sanlam Life Insurance.

Vukile Property Fund is to acquire the Giyani Plaza retail centre in Limpopo from Sanlam Life Insurance for R68.25m.

Vukile Property fund  has said the number of properties it proposes to acquire from Sanlam Group has been reduced from 13 to nine.

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