South Africa: Fourways Mall development spurs Accelerate Property’s growth

Accelerate Property Fund, the real estate group with a focus on Fourways, grew its portfolio 24% year-on-year to March to R8.4bn, owing to strong investment activity. This was while its net asset value climbed 25.5% for the reporting period. Accelerate chief operating officer Andrew Costa said the growth was largely because of the acquisition of a portfolio worth R850m from advisory firm KPMG. Read more on: europe-re.com
Source : South Africa: Fourways Mall development spurs Accelerate Property's growth