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
Apartment / Flat for sale in Beyerspark R 690 000
Vacant Land / Plot for sale in Kenilworth R 3 300 000
Vacant Land / Plot for sale in Bainsvlei R 440 000
House for sale in Vaalpark R 1 150 000
House for sale in Summerstrand R 2 350 000
House for sale in Ladysmith R 1 015 000
House for sale in Plattekloof R 4 800 000
House for sale in Parys R 1 019 000
House for sale in Wonderboom South R 1 250 000
Townhouse for sale in Weltevredenpark R 1 290 000
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