Accelerate Property Fund assets lose R1bn in value amid Covid-19
The Fourways Mall owner has decided not to pay any dividend in 2020
02 December 2020 - 19:06
UPDATED 07 December 2020 - 15:11
Accelerate Property Fund, the owner of SA’s largest shopping centre, Fourways Mall, said it wrote down its properties by 10% at the end of March, in anticipation of the Covid-19 lockdown shutting down its premium assets for months.
Its assets were devalued by 10% to R12.7bn at the end of the financial year to March...
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