Accelerate Property Fund agrees to sell KPMG Crescent property company to Rand Mutual for R 385 million

Bitget2026/09/25 11:20

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Accelerate Property Fund is selling 100% of Wanooka Properties to Rand Mutual Assurance for R 385 million in cash.
Wanooka owns the KPMG Crescent office property and the parkade at 85 Empire Road, Parktown, Johannesburg.
Accelerate will fund about R 15 million of maintenance and capital improvements, implying a net pre-commission price of R 370 million.
KPMG agreed an exit date of April 30, 2027 under the existing lease at KPMG Crescent.
Broker commissions of R 10.5 million will be paid; the group plans to use most proceeds to cut debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Accelerate Property Fund Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S603817), on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Accelerate Property Fund agrees to sell KPMG Crescent property company to Rand Mutual for R 385 million

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