BRIEF-Grand Parade Investments Provides Update On Sale Of 33 Heerengracht

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BRIEF-Grand Parade Investments Provides Update On Sale Of 33 Heerengracht
Credit: © Reuters.

March 1 (Reuters) - Grand Parade Investments Ltd GPLJ.J :

* JSE: GPL - UPDATE REGARDING THE SALE OF 33 HEERENGRACHT

* GRAND PARADE INVESTMENTS LTD - CONDITION PRECEDENT TO SALE ANNOUNCEMENT WAS NOT FULFILLED AND, ACCORDINGLY, AGREEMENT HAS LAPSED

* GRAND PARADE INVESTMENTS LTD - ARAGON PROPERTY DEVELOPMENT PROPRIETARY WAS NOT SUCCESSFUL IN TENANTING PROPERTY WITHIN 6-MONTH PERIOD

* GRAND PARADE INVESTMENTS LTD - GPI REMAINS COMMITTED TO SELECTED AND CONTROLLED SALE OF ASSETS AT ATTRACTIVE VALUATIONS

* GRAND PARADE INVESTMENTS LTD - WILL CONTINUE TO NEGOTIATE WITH POTENTIAL BUYERS OF PROPERTY.

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