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 Hartenbos R 990 000
Vacant Land / Plot for sale in Bendor R 546 550
House for sale in Struisbaai R 1 595 000
Townhouse for sale in Waverley R 2 999 000
House for sale in Craighall R 5 000 000
Apartment / Flat for sale in Doornpoort R 670 000
House for sale in Bassonia R 4 950 000
House for sale in Allen Grove R 1 400 000
House for sale in Three Rivers R 865 000
House for sale in The Orchards R 596 000
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