Interest rate cuts lure buyers to Fortress assets
Hefty 2.75 percentage point decrease in repo rate has boosted investor interest, landlord says
08 June 2020 - 10:00
A series of cuts to interest rates in SA have led to increased interest from potential buyers of its assets, Property group Fortress Reit said on Monday.
Fortress — which has assets in logistics, commuter-orientated retail centres, and industrial and office properties — has been disposing of assets to bolster its balance sheet...
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