21 February 2020 - 08:59Property group Tower Property Fund, which has assets in SA and Croatia, warned on Friday it expects full-year distribution to fall, as it grapples with difficulties in filling vacancies due to municipal failures and SA’s weak economic prospects.
The company has 43 properties valued at R5bn, with six properties in Croatia accounting for 32% of this, with the group saying those assets performed “very well.”The company faced a one-off funding cost of R1m, as it investigated a potential separate listing of its Croatian assets.
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