Delta to continue selling noncore assets to repay debt
The company is targeting state-owned-entities for their vacant buildings
13 June 2023 - 10:47
Delta Property Fund says it will continue to sell noncore assets to reduce debt while it is targeting state-owned entities to lease their vacant buildings.
For the period to the end of February, Delta sold seven properties for R208.9m. After the reporting period, another asset was sold for R42m. Delta had shareholder approval to dispose of Capital Towers in Pietermaritzburg for R57m. The fund also concluded agreements to sell five other properties valued at R71.8m...
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