Tower Property says it is pleased with its interim results‚ which have been achieved 'in an increasingly difficult trading environment'.
Tower Property Fund has announced the pending transfer of R480 million worth of properties into the fund's portfolio, with transfer expected to be finalised by the end of April.
Renovation and green retrofit for 382 Jan Smuts Avenue.
The Cape Quarter, the flagship property within the Tower Property Funds portfolio, is set to soon receive an extensive solar retrofit as part of the funds greening and occupancy cost reduction strategy.
The Tower Property Fund has purchased the Medscheme building in Florida Glen, Johannesburg, at a cost of R110 million.
The Cape Quarter, the flagship property within the Tower Property Fund portfolio, has recently undergone a lighting retrofit as part of a greening transformation planned for the centre.
The Tower Property funds focussed strategy, which differs from the typical approach to office asset management, has paid off for one building within the portfolio.
Tower Property Fund announced on Monday the acquisition of Cape Town-based De Ville Shopping Centre for the sum of R226m‚ to be paid in shares.
The Cape Quarter, the flagship property within the Tower Property Funds portfolio, is set to soon undergo an extensive greening transformation as part of the funds greening and occupancy cost reduction strategy.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.