Octodec withdraws guidance due to Covid-19
The real estate company says it is negotiating with tenants and has diversified its sources of funding
JSE-listed real estate investment trust Octodec Investments has withdrawn its guidance and diversified its sources of funding as it prepares for the fallout from the Covid-19 pandemic.
The group, which has properties in the Johannesburg and Tshwane city centres, said it has recently secured a new R225m loan facility with Absa and is bracing for the prospect that some businesses may not be able to pay rent...
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