The Accelerate Property Fund has announced that it will sell one of its mall assets, the Cherry Lane Shopping Centre for R57 million.
“This decision was made as part of Accelerate’s ongoing efforts to review its assets and ensure that they align with the company’s current business strategy and growth plans,” it said. The group is moving ahead with a R200 million rights offer in a bid to raise funds from shareholders to address its finances while focusing on restoring its core operations.
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