Shares of Accelerate Property Fund were on track for their best day in just over a month on Monday, after it said it had inked a €87.4m deal to sell its European property portfolio.
The proceeds of the sale of the nine retail stores in Austria and Slovakia will be applied to its R6bn debt pile, something the landlord expects to help with a return of the market’s confidence in it...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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