Resilient Property Income Fund has received a claim for almost R1bn relating to alleged damages suffered by a property investment group as a result of Resilient family firm Capital Property Fund’s acquisition of Clairwood Racecourse.

JSE-listed Capital Property Fund foresaw an opportunity when it acquired Clairwood Racecourse to convert it into a warehousing and logistics park, according to Galetti Commercial and Industrial, the brokerage firm that negotiated the transaction.