Vukile Property Fund, which owns malls in SA and Spain, says it is considering raising R300m by reducing its stake in Fairvest Properties after it merges with Arrowhead Properties at the end of January.
The tie-up between the two property groups was approved by shareholders in 2021 and will create the largest exclusively SA-focused real estate investment trust on the JSE. The two are aiming to solidify their footprint in the lower end of the retail market...
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