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Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported robust interim results notwithstanding a challenging macro-economic and political environment.

Accelerate conclude pre-agreement with the Supernova Privatstiftung group to acquire a portfolio of 9 well located retail warehouse properties in Austria and Slovakia.

Accelerate Property Fund grows its portfolio 24% year on year to March to R8.4bn, owing to strong investment activity.

Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported strong Annual Results despite a challenging business environment and slow economic growth.

Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, today reported strong interim results despite a challenging economic environment.

Accelerate Property Fund has acquired roughly half of the Portside office building, the tallest skyscraper in Cape Town, which houses banking group FirstRand’s regional head office in the central business district (CBD).

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a positive return of 5.14% for the month ended July 2015.

More investors are likely to place Accelerate Property Fund on their buying lists after the company finally acquired the rights to add another 90000m² to Fourways Mall.

Accelerate Property Fund, the JSE listed Real Estate Investment Trust with significant exposure in the dynamic Fourways node, Johannesburg, continued to deliver impressive results for the year ended 31 March 2015. 

Wednesday, 11 March 2015 13:31

Ashley Du Toit

Ashley Du Toit is the MD: Property Management (Administration and Operations).

Published in Property Leader
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