Tower Property Fund Limited – Acquisition Of Industrial Portfolio

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Tower Property Fund Limited – Acquisition Of Industrial Portfolio

Acquisition Of Industrial Portfolio

Shareholders are advised that Tower has concluded an agreement (the “acquisition agreement”) for the acquisition of the entire issued share capital of and claims against HTP Holdings Proprietary Limited (“HTP”), which owns a portfolio of 8 industrial properties valued at R375 750 000, from HBW Group Proprietary Limited (the “seller”) for an aggregate consideration of R190 750 000 (the “acquisition”).