Friday, 26 August 2016 11:02

Disposal of property letting enterprises

Shareholders are advised that Rebosis has concluded an agreement for the disposal of the property letting enterprises in respect of the 3 properties known as 28 Harrison Street, 124 Main Street and 64 Eloff Street (the “properties”) to Southern Palace Group of Companies Proprietary Limited (“Southern Palace”) for an aggregate consideration of R847 498 292 (exclusive of VAT at zero percent) (the “disposal”).

In its largest property development finance deal to date, Nedbank Corporate Property Finance has provided Melrose Arch Development Company with in excess of R1 billion for the development of the Melrose Arch Piazza Scheme

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