Tower Property Fund has begun the move into the residential property sector through the exciting development of a residential node within the Cape Quarter precinct.
Tower Property Fund has purchased eight industrial properties as part of the funds strategy to increase their exposure to the industrial sector to 20%.
Western Cape-based Tower Property Fund is branching out overseas along with several other SA property companies, but analysts warn that these markets come with their own challenges.
Through a creative reshuffle of tenants at the Cape Quarter, Spire Property Management has succeeded in creating additional lettable space within this increasingly popular centre, which is the flagship property in the Tower Property Fund portfolio.
Tower Property Fund announces an equity raising of approximately R300 million through the issue of new shares.
Tower Property Fund continues to grow, and as part of the funds strategy to acquire well located, quality properties, has recently announced a number of new acquisitions located in strong areas throughout South Africa.
This flagship property within the Tower Property Funds portfolio recently received an extensive PV solar system installation as part of the funds greening and occupancy cost reduction strategy.
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