JSE-listed real estate investment trust Redefine Properties has reached what the company deems a mutually beneficial and alternative arrangement with Rand Merchant Bank (RMB) Investments and Advisory related to the conclusion of the sale of the Mall of the South. The 73 111 m2 regional shopping centre, in Aspen Hills, will be acquired by a limited liability special purpose vehicle (SOV) for R1.76-billion in cash.
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