March 20, 2018 / 5:22 AM / 6 months ago

BRIEF-Orion Real Estate Ltd ‍Announces Acquisition Of Five Properties​

March 20 (Reuters) - Orion Real Estate Ltd:​

* ‍ANNOUNCES ACQUISITION OF FIVE PROPERTIES

* ‍TOTAL CONSIDERATION FOR ACQUISITION OF STANDS 555 & 556 PROPERTIES IS R24 750 000 EXCLUSIVE OF VAT AT 0%​

* ‍PURCHASE CONSIDERATION FOR ACQUISITIONS, TOTALLING R70 750 000 IS CONSIDERED TO BE APPROXIMATE VALUATION OF PROPERTIES ACQUIRED​

* ‍NET RENTAL RECEIVED ON PROPERTIES AMOUNTS TO R598 447 PER MONTH, EXCLUDING VAT​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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