ACCELERATE Property Fund has agreed to acquire the property holding companies for six properties currently tenanted by accountancy and auditing firm KPMG in various centres in South Africa in a deal worth R850 million. The assets to be acquired include KPMG Crescent and sky bridge off Jan Smuts Avenue and Wanooka Place in Parktown in Johannesburg and A-grade offices with onsite parking in Polokwane, Port Elizabeth and Secunda, with a combined gross lettable area of 46 941 square metres.
Shares on the JSE fell 2.16 percent to close at R6.80. – Roy Cokayne