Arrowhead Buys R167.6m Portfolio

EmailEmail Print Share

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 

Similar Articles

The new multi-million rand Tugela Ferry Mall and Jozini...

A new flexible co-work facility, One Chadwick Co-Working...

The Amdec Group handed over a cheque for R250k to the...

View all articles

Top Articles

Whether you’re planning on rekindling your love or...

Many families are migrating from Gauteng to Ballito for...

Wills must be very carefully worded to avoid...

View all articles
Top Articles
11 Feb 2016
Many families are migrating from Gauteng to Ballito for the lifestyle be...
11 Feb 2016
A UCT architectural student tackles social, economic and environmental i...
11 Feb 2016
With a big influx of people from Gauteng moving to the Helderberg Basin,...
10 Feb 2016
Morningside, Rivonia, Rosebank and Bryanston will see much residential d...
10 Feb 2016
Offering sophisticated retirement living, Lazuli Coastal Lifestyle Estat...
Newsletter
Get the latest property news.
Select your options:
Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

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