Texton sells Doncaster distribution centre for R471m
The proceeds of the disposal will be used to repay debt and strengthen Texton’s balance sheet
25 January 2021 - 19:15
Texton Property Fund, the diversified real estate investment trust (Reit) that owns a R5.1bn portfolio in SA and the UK, has announced the sale of its DHL Bawtry Distribution Warehouse in Doncaster, for £22,650,000 (R471.2m).
The company, which owns R5.1bn worth of assets in SA and the UK, said it had to sell the property to decrease its relative debt levels...
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