Edition:
United Kingdom

Fortress Reit Enters Into Non-Binding Expression Of Interest To Acquire Some Properties From Resilient Reit


Tuesday, 5 Mar 2019 

March 5 (Reuters) - Fortress Reit Ltd ::DETAILED CAUTIONARY ANNOUNCEMENT REGARDING A PROPOSED ASSET SWAP WITH RESILIENT REIT LIMITED.ENTERED INTO NON-BINDING EXPRESSION OF INTEREST WITH RESILIENT REIT WHERE CO PROPOSES TO ACQUIRE SOME PROPERTIES FROM RESILIENT.CO TO ALSO ACQUIRE CO-OWNER LOAN ADVANCED BY RESILIENT IN RESPECT OF TZANEEN LIFESTYLE CENTRE, VALUED AT R59 MILLION AS AT 30 JUNE 2018. 

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