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BRIEF-Indluplace Properties says in negotiations for 1.4 bln rand property deal
June 12, 2017 / 2:46 PM / 4 months ago

BRIEF-Indluplace Properties says in negotiations for 1.4 bln rand property deal

June 12 (Reuters) - Indluplace Properties Ltd:

* Entered into negotiations which could lead to acquisition of residential properties for a purchase consideration of c.1.4 bln rand

* Residential portfolio consists of c.2900 residential units located in Gauteng (96 pct), with remainder in Kwazulu-Natal (4 pct)

* Shareholders are advised to exercise caution when dealing in company’s securities until further announcement Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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