Fairvest Property Holdings acquires Shoprite Heidelberg shopping centre for R54m

Posted On Wednesday, 20 January 2016 07:42 Published by
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Fairvest Property Holdings has entered into an agreement with Vilhas Property CC to acquire the Shoprite Heidelberg shopping centre rental enterprise as a going concern for R54 954 500.

Darren_Wilder_CEO_Fairvest_Property_Holdings

The property is situated at 61 Voortrekker Street, Heidelberg, Gauteng.

“The Acquisition is consistent with the Company’s growth strategy whereby the Company will focus on acquiring retail assets with a weighting in favour of non-metropolitan areas and lower LSM sectors,” the company said.

Last modified on Wednesday, 20 January 2016 08:21

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