Arrowhead Properties (AWA) said on Friday it had an agreement to acquire the Sasol building in Rosebank‚ Johannesburg‚ for R250m.
The company said the acquisition‚ at a forward yield of approximately 15%‚ was in line with its strategy to make distribution enhancing acquisitions.
The total purchase consideration will be paid in cash and shares.
Source: I-Net Bridge -
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