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Liberty Holdings Ltd's Subsidiary Announces Disposal of Greenacres Shopping Centre


Monday, 21 Oct 2013 11:00am EDT 

Liberty Holdings Ltd announced that Liberty Group Ltd, a wholly?owned division of Liberty Holdings, has entered into a transaction with respect to the disposal of Greenacres shopping centre in an undivided 50% share each to Acucap and Sycom for the disposal consideration of just over ZAR1 billion. Anticipated transfer is expected during the first quarter of 2014. These will include the upgrade, restructure and acquisition of assets within the Portfolio that management believe will in time benefit investors. The disposal is still subject to competition commission approvals in South Africa.