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Finbond Agrees to R55.5 Million Acquisition of Rigel Park
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On 30 October, Finbond Group announced that its wholly owned subsidiary had signed an agreement to acquire Rigel Park, a commercial property and letting business in Pretoria, for R55.5 million. The property was independently valued at R55 million and had a...
On 30 October, Finbond Group announced that its wholly owned subsidiary had signed an agreement to acquire Rigel Park, a commercial property and letting business in Pretoria, for R55.5 million. The property was independently valued at R55 million and had a reported occupancy level of 97.6%. The transaction is intended to secure premises for the group and provide recurring rental income.
Investors, corporate-finance advisers and property companies can explore opportunities in valuation modelling, due diligence and transaction analytics. HPC can support financial modelling and data-intensive analysis; contact HPC for a quotation tailored to the transaction scope.