Accelerate Property Fund to sell Edcon warehouse for R94m
Company is seeking to sell R2.5bn in noncore assets to pay down debt or buy back shares
15 November 2019 - 09:02
Fourways Mall co-owner Accelerate Property Fund, whose share price dipped to a record low in October, said on Friday it would sell an Edcon warehouse for R94m as it pushes on with disposals to reduce debt.
The disposal of the warehouse in the Western Cape comes as the company seeks to sell off R2.5bn in assets, and some of the proceeds may be used to buy back shares...
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