The shopping mall‚ which is a wholly-owned subsidiary of property growth fund Attacq‚ has a gross lettable area of 13‚455 square metres‚ consisting of an office tower and 515 undercover parking bays.

The acquisition will be funded through the purchase of all of the issued shares in De Ville‚ for an amount of R202‚961‚610‚ and by the subscription for 900 authorised but unissued shares in De Ville‚ for an amount of R23‚038‚390.

Tower said the acquisition is in line its strategy of targeting good quality‚ well-located properties in major metropolitan areas.