PROPERTY
Light at the end of Accelerate’s tunnel?
Efforts to turn Fourways Mall around are starting to pay off, which could see the Reit reappear on the radar of value chasers and investors prepared to take a long-term view
05 June 2025 - 05:00
It’s still early days, but there’s hope for long-suffering shareholders of Accelerate Property Fund.
Accelerate is co-owner of the R7.8bn Fourways Mall, north of Sandton, which at 180,000m² is South Africa’s largest shopping centre. In recent years, the real estate investment trust (Reit) has battled high debt levels, rising vacancies and falling rentals, all of which led to valuation writedowns and a sharp drop in earnings. ..
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