
The centre, which is located in Honey Dew Ridge, west of Johannesburg, was bought on an initial income yield of 9.1% and presented sound rental growth prospects, said Roger Perkin, executive director of SA Corporate.
He said the 4,800 m2 centre, which was built in 2003, is 100% let and is anchored by a 1,944m² Spar and Tops outlet, with the balance of the line shops providing convenience and restaurant services.