March 1, 2017 / 1:35 PM / 5 months ago

BRIEF-Fairvest to buy Kwazulu-Natal property for 172.5 mln rand

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March 1 (Reuters) - Fairvest Property Holdings Ltd:

* Entered into an agreement ("sale agreement")on March 1 2017 with Growthpoint Properties Limited

* To acquire rental enterprise operated by seller in respect of property at ERF 3217, Empangeni Township, Kwazulu-Natal, situated at corner commercial road

* Purchase consideration for acquisition is 172.5 mln rand, which includes vat at rate of 0 pct

* Will settle purchase consideration in cash Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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