Safari looking for new power and water options for its malls
The retail-focused Reit has installed boreholes and backup electricity systems at some of its properties
24 November 2022 - 16:22
Retail-focused property group Safari Investments is investing in and trying to find alternative water and electricity sources to ensure its portfolio can operate during load-shedding following some of the worst power cuts on record.
“Boreholes and backup water systems have been successfully installed at [the] Thabong and Nkomo Village Shopping Centres to reduce operational costs and improve our resilience against water shortages and supply risks,” Safari, a real estate investment trust (Reit), said on Thursday in its half-year results to end-September...
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