Rebosis Property Fund’s business rescue practitioners (BRPs) will sell 10 of the stricken group’s office properties to Hemipac Investments for R650m.

The properties include three vacant buildings, six multi-tenanted ones and single occupied building in Cape Town, Johannesburg, Mbombela and Pretoria. Sale proceeds will be used to reduce the group’s debt...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.