BRIEF-Delta Property Concludes 7 Extra Leases With Department Of Public Works

  • Reuters
  • Stock Market News
BRIEF-Delta Property Concludes 7 Extra Leases With Department Of Public Works
Credit: © Reuters.

March 26 (Reuters) - Delta Property Fund Ltd DLTJ.J :

* DELTA PROPERTY - CONCLUDED EXTRA 7 LEASES WITH DEPARTMENT OF PUBLIC WORKS FOR TOTAL GROSS LETTABLE AREA OF 23,167SQM AT AVERAGE RENTAL OF R109/SQM

* DELTA PROPERTY FUND LTD - LEASE TENURE FOR DPW IS FIVE YEARS AT AN ANNUAL CONTRACTUAL ESCALATION OF 6.5%

* DELTA PROPERTY FUND LTD - ANTICIPATES ADDITIONAL AND LARGER RENEWALS TO BE CONCLUDED IN SHORT TERM

* DELTA PROPERTY FUND LTD - DPW'S STATED INTENTION IS TO RENEW A SIZEABLE PORTION OF LEASES BY 31 MARCH 2019

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