Apexhi Sells Property Management, Leasing Business
ApexiHi Properties Limited
ISIN Code : ZAE000033064
Share Code : APA
Reg No. : 89/02948/07
ApexiHi Properties Limited (ApexHi) has sold Domayne Property Group (Pty)
Ltd for R12,9 million.
ApexHi has entered into a management contract with Broll to administer its
nationwide property portfolio.
The deal is effective from 1 November 2001.
The transaction is advantageous to both parties: ApexHi will focus on its
core business of asset management and growing its property portfolio, while
the acquisition of the Domayne businesses, will complement Broll's existing
business.
Date: 13 September 2001.
Ends.
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