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roads|water

Fairvest confirms its assets in KZN remain undamaged so far

13th April 2022

By: Marleny Arnoldi

Deputy Editor Online

     

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JSE-listed property company Fairvest has assured shareholders that no damage of a structural nature has occurred to its properties in KwaZulu-Natal as yet, amid the flash flooding being experienced in the province.  

The group has 16 assets in the province, representing 11% of its total portfolio by gross leasable area.

Fairvest is, however remedying instances of water supply shortages, as well as leakages caused by large volumes of rain in a short space of time.

KwaZulu-Natal has been experiencing extreme weather conditions since April 9, with many roads and buildings having been damaged or destroyed in the floods.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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