Tie-up of Fairvest and Arrowhead cleared for take-off

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The property companies will trade under a new name on the JSE on January 26

Fairvest Property Holdings and Arrowhead Properties have ticked all the boxes for their tie-up, they said on Tuesday, setting the stage for the creation of a mid-sized JSE-listed property company worth about R21bn.

The merger, first announced in May 2021, hands investors a sizeable real estate investment trust focused on the low-end shopping centre market, which remains more resilient in an industry facing an onslaught from the online shopping sector. ..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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