No knights in shining armour riding to rescue of smaller real estate groups
20 January 2020 - 20:04
The CEO of SA’s second-largest property fund says the country’s big listed counters will struggle this year to make the investment case to buy out smaller real estate groups that have too much debt and growing vacancy levels.
Established property companies might do more harm than good by taking over less liquid, smaller South African funds, Andrew Konig, CEO of Redefine Properties said in an interview on Monday. ..
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