Diversified real estate investment trust Accelerate Property Fund says it is in the process of selling its noncore asset portfolio, which includes its four remaining industrial assets.
The proceeds of the sales, which are at various stages of progress, are expected to rake in R763m, which will be used to reduce debt and to reinvest in its core assets, it said on Tuesday when releasing its annual results to end-March...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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