Tower Property Fund grows its distributable earnings by 61% to R221m in the year to May.

Tower Property Fund has announced its largest acquisition to date – a Euro 66 million deal that sees the fund expanding its offshore presence through the purchase of four retail centres in Croatia.

Agrokor’s retail position improved by 30 places compared to last year’s list of the world's 250 largest retail chains and due to 4.809 million dollars of income generated in 2014, is now positioned as 192nd in the latest Deloitte report Global Powers of Retailing 2016.

Ante Todorić Deputy President of Agrokor’s Management Board, Darko Knez its new Vice President.

Tower Property Fund conclude preliminary agreement with Agrokor d.d and Konzum d.d to acquire 4 Konzum stores and shopping centres in Croatia for €66 386 227 less the amount of debt in the Dubrovnik company.

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