Vunani Property acquires Edcon Place for R150m

Edcon Place houses Edcon‚ the owner of Edgars and CNA.

Vunani bought the property from Windfall 50 Properties. Vunani was recently taken over by Texton Property Investments. The deal is intended to grow Vunani from a small property fund with assets of R2bn to a medium-sized fund.