The business rescue practitioners (BRPs) appointed to try to save Rebosis Property Fund have revealed that 27 properties will be sold for just more than R7bn.

Buyers include the Gusi Trust — a trust benefiting Steven Herring and his family — which will buy properties worth R3bn, with Ferryman Capital Partners, Hulk Investments, Jade Capital Partners and the beneficiaries of the Ubuntu Football Trust acquiring the R3.5bn property portfolio and the R420m Bloed Street property, collectively known as the Hangar 18 portfolio...

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