resilient property income
(RES:Johannesburg Stock Exchange)
Transactions by RESILIENT PROPERTY INCOME (RES) in the last 6 months
Investec Limited (JSE:INL) acquired an unknown minority stake in Resilient Property Income Fund Ltd (JSE:RES) on October 8, 2014. As a result of the transaction Investec Limited has increased its beneficial interest in Resilient’s issued shares to 5.4872%.
Resilient Property Income Fund Ltd (JSE:RES) agreed to acquire Irene mall and adjacent land for ZAR 800 million on August 5, 2014. Resilient acquired Irene Mall for ZAR 665 million and two portions of adjacent land zoned for retail development are being acquired for a total of ZAR 135 million. The transaction is expected to be finalised by September 2014.
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