Redefine Properties recycles assets in Poland
The second-largest real- estate group in SA is to sell two warehouses to free up cash
03 February 2020 - 17:31
SA's second-largest listed property company, Redefine Properties, has sold two warehouses in Poland to raise cash for the upgrade of existing assets and to have money available for rising administrative costs.
The group, which has a portfolio of investments worth more than R95bn, is making its balance sheet more defensive, which includes selling its noncore assets, its management said...
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