BRIEF-Freedom Property Fund Announces Disposal Of property By Wholly Owned Subsidiary

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  • Stock Market News
BRIEF-Freedom Property Fund Announces Disposal Of property By Wholly Owned Subsidiary
Credit: © Reuters.

Aug 22 (Reuters) - Freedom Property Fund Ltd FDPJ.J :

* UNIT HAS SIGNED A SALE AGREEMENT WITH TAIOGUARD PROPRIETARY TO ACQUIRE ERF 1211 IN STEELPOORT EXTENSION 10 TOWNSHIP

* PROCEEDS FROM SALE OF PROPERTY WILL BE UTILISED TO REDUCE DEBT IN GROUP, IN PARTICULAR, MORTGAGE BONDS HELD WITH NEDBANK

* PURCHASE CONSIDERATION FOR LAND IS R5.5 MILLION

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