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 Vanderbijlpark SW R 1 040 000
House for sale in Aston Manor R 1 590 000
House for sale in Albertsdal & Ext R 895 000
House for sale in Edleen R 1 320 000
Vacant Land / Plot for sale in Vaal Marina R 310 000
House for sale in Waterkloof Ridge R 25 000 000
House for sale in Suider Paarl R 1 395 000
House for sale in De La Haye R 1 200 000
House for sale in Groenkloof R 25 000 000
House for sale in Wellington R 1 825 000
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 Customer Service Centre for further assistance. Tel. +27 (0)861 111 724