Resilient Income Fund has acquired the remaining 50% of The Grove not already owned by it for R356.4 million.
The Grove is a 40,709 square metre mall situated in Equestria, Pretoria. Resilient acquired the mall at an 8.25% capitalisation rate.
Resilient acquires remaining 50% of The Grove
Posted On Tuesday, 21 June 2011 02:00 Published by eProp Commercial Property NewsResilient Income Fund has acquired the remaining 50% of The Grove not already owned by it for R356.4m at at an 8.25% capitalisation rate.
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