The Sharia-compliant listed property fund is to construct the new outlet at its Ridge @ Shallcross centre in KwaZulu-Natal SHARIA-compliant Oasis Crescent Property Fund has entered into a lease agreement with McDonald’s South Africa for a new-build McDonald’s restaurant, McCafe and Drive-Thru to be constructed in KwaZulu-Natal.Construction of the new McDonald’s site was expected to start during the latter part of the year, "with operations commencing in the first quarter of 2014", the fund said on Tuesday.Located at the fund’s primary retail property, The Ridge @ Shallcross centre, which is between Chatsworth and Shallcross, the lease will run for an initial period of 10 years with the option for two further 10-year renewal periods.Oasis Crescent Property Fund, which qualified as a real estate investment trust (Reit) with effect from the start of its current financial year on April 1, was established to provide an alternative to conventional South African property companies and unit...

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