Community Property Company has made public its frustration over Safari Investments' board's unresponsiveness to its R1.8 billion bid. Comprop has five legally binding irrevocable undertakings in support of the deal from the JSE listed property company's shareholders representing 55.7 per cent. Smital Rambhai, Director of Comprop joins CNBC Africa for more.
In an open letter to the board of Safari Investments (“Safari”) released on SENS today, the directors of the unlisted property fund Community Property Company (“Comprop”) expressed their frustrations at the recent unresponsive conduct of the Board of Safari (“Safari Board”) in relation to the Comprop R1.8 billion all cash offer for the company.
COMPROP SHOPPING CENTRES DONATE MEMEZA PERSONAL SAFETY ALARMS TO LOCAL COMMUNITIES DURING WOMENS MONTH
The donation of over 300 Memeza Personal Safety Alarms to women and the elderly took place during August.
The Memeza personal alarm is a small alarm which reaches 140 decibels when […]
Village Square’s SUPERSPAR has been awarded the prestigious title of Eastern Cape SUPERSPAR Store of the Year.
The SUPERSPAR opened its doors with the launch of Village Square Shopping Centre, St […]
22 JULY 2019
Safari Investments (“Safari”), the Pretoria based low LSM retail property fund, today announced the receipt of a firm intention proposal from Community Property Company (“Comprop”), an unlisted […]