Delta to sell four properties at below market value
Former executives deny wrongdoing and say they left to make way for new leadership to drive a turnaround
05 August 2022 - 23:35
Delta Property Fund, which has a mostly government tenant base, is selling four properties for just under two-thirds of their market value from a few months ago as it looks to cut debt.
The properties, three in Bloemfontein and one in Kimberley, will be sold for R98.8m next month despite their market value of R150.9m in February 2022...
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