Wednesday, 01 November 2006 02:00

Calulo has new MD and big plans

Calulo Property Fund has major expansion plans, with the firm targeting a market capitalisation of R1bn over the next year, says new MD Cheryl Wendelken.

Cape Town  Transnet’s property division, Propnet, is negotiating the sale of 127 noncore properties with a book value of R132m and a market value of about R211m to the national housing department.

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