Investec Property Fund sells stakes in Musina and Boitekong malls

SOUTH AFRICA – Investec Property Fund (IPF) has sold its stakes in Musina Mall in Musina, Limpopo, and Boitekong Mall, in Rustenburg, North West Province for US$49.73 million (R727 million), as it funnels capital into better performing properties in Europe. The sales are in line with a strategy of recycling capital through disposals, using the proceeds to degear the balance…

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