Tigere unitholders approve assets acquisition

Major real estate funds are active­ly targeting top-tier retail brands such as Electrosales and TM Pick n Pay as stable, long-term blue-chip anchor tenants for commercial hardware and retail properties.

TIGERE Real Estate Investment Trust shareholders have approved the acquisition of two income-generating assets, Greenfields Retail Centre and Phase 1 of the Zimre Park Retail Centre, following a vote at an extraordinary general meeting held this week Monday. The two transactions are valued at approximately US$25,1 million and will be settled entirely through the issuance…

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