Arrowhead tries to get back on target with focus on SA real estate
The property group is also disposing of noncore assets and renegotiating with lenders as it braces for tough conditions
27 May 2020 - 11:08
Arrowhead Properties is simplifying its strategy to focus on owning South African real estate directly instead of investing in other property groups, CEO Mark Kaplan said on Tuesday.
The group, which owns a portfolio of offices, retail centres and industrial sites worth about R10.5bn, has spent the past two years or so restructuring its asset base as it looks to retain tenants in a weak economy. It was considering selling noncore assets...
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