Fairvest sells more than R1bn in assets to focus on retail
Mainly office and small retail assets were sold with proceeds used to repay debt
29 November 2023 - 12:45
Fairvest, owner of retail centres in rural areas and small towns, sold more than R1bn worth of noncore assets in its most recent financial year as it transitions to a retail-focused real estate investment trust.
The disposals are in line with its objective to move towards becoming a retail-focused fund. Noncore disposals will continue with proceeds used to reduce loan to value...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.