Rebosis set to sell four more properties but at almost half their value
27 September 2023 - 12:14
Rebosis Property Fund announced the sale of four more of its properties for a total value of R160m — close to only half of its value — as the company seeks to sell off assets as part of its ongoing business-rescue process to try to save the debt-ridden company.
The latest properties to be sold are owned by Ascension Properties, a subsidiary of Rebosis, and valued at R291m, according to a valuation from an independent company done in April...
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