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Equites sells Cape Town office block for R50.82m

12th January 2017

By: Anine Kilian

Contributing Editor Online

     

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Property development company Equites Property Fund has sold its D’Urban Square office building, in Bellville, Cape Town, to private property investment company Gamlan Investments for R50.82-million.

The disposal forms part of Equites’ strategy to sell its office assets and focus on logistics property assets.

The proceeds of the disposal will be used to reduce the company’s debt.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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