Accelerate Property Fund takes earnings hit as it struggles to fill space
Accelerate’s distributable earnings decline 10.8% on ‘unfavourable economic conditions’
20 June 2019 - 09:39
SA’s economic malaise, and the struggles of retailers including Edcon, continues to take its toll on the country’s landlords.
Accelerate Property Fund, which owns Gauteng’s Cedar Square shopping centre, said on Thursday earnings fell in the year to end-March as it accepted lower rentals to fill space...
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