20 Mar 2012
Arrowhead Properties (AWA) on Friday said it would purchase a portfolio of office properties from Growthpoint Properties.
The portfolio consists of eight small office buildings, measuring in total 17 000 square metres, in decentralised nodes in Johannesburg, Pretoria, Durban, Cape Town and Alberton for the purchase price is R167.6 million which is based on a yield of 11%.
Arrowhead chief operating officer, Mark Kaplan said this acquisition emphasises their strategy of identifying yield enhancing opportunities and increasing the size of their portfolio in order to reduce the risk associated with any one property.
Arrowhead is focused on growing income per unit, he added. - I-Net Bridge
House for sale in Witpoortjie Ext 1 R 820 000
Apartment / Flat for sale in Bloubosrand R 385 000
Apartment / Flat for sale in Manaba Beach R 1 950 000
House for sale in Brettenwood Coastal Estate R 4 600 000
House for sale in Soshanguve R 329 000
House for sale in Helderberg R 4 950 000
House for sale in Forest Hills R 1 095 000
House for sale in Rietfontein R 650 000
Apartment / Flat for sale in Parkrand R 520 000
House for sale in Leeudoringstad R 765 000
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