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 Lakeside R 1 995 000
House for sale in Elspark R 1 100 000
House for sale in Oatlands R 1 050 000
Townhouse for sale in Boardwalk Estate R 1 060 000
House for sale in Del Judor R 1 605 000
Apartment / Flat for sale in Weltevredenpark R 900 000
House for sale in Lindhaven R 560 000
Townhouse for sale in Mondeor R 750 000
House for sale in Wilgehof R 1 304 000
House for sale in Strandfontein R 2 650 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724