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Strategic Acquisition for SA Corporate

| News by Staff Reporter

Old Mutual Life Assurance has sold the Old Mutual Triangle Warehouse in Boksburg to SA Corporate Real Estate, the listed property fund, managed by Old Mutual Property Investments.

The R208.5 million acquisition is expected to become effective in the first quarter of 2010.

SA Corporate said that as it owned several other properties in the same block as the warehouse, it was considered a strategic investment.

Old Mutual is one of the largest players in managed property investments in South Africa.



Source: Bizpremises

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