Fortress acquires Weskus Mall for R469,9m in cash

Fortress Income Fund (FFB‚ FFA) said on Monday it had acquired Weskus Mall for R469,9m in cash. The Western Cape-based centre is anchored by Checkers‚ Edgars‚ Game and Woolworths. The deal‚ which still requires the approval of the Competition Commission‚ represents a yield of 7.75%. Source: BDpro via I-Net Bridge