Future Growth Expands To Townships

Futuregrowth Asset Management’s Community Property Fund (Comprop) is expanding its portfolio with the acquisition of two shopping centres in KwaZulu-Natal (KZN), despite the July unrest that saw shopping centres in the province targeted by looters and vandals. The group, an arm of Old Mutual, confirmed on Monday that it has purchased the King Senzangakhona Shopping Centre in Ulundi and Murchison Mall in Ladysmith from Vukile Property Fund and Resilient, both JSE-listed retail estate investment trusts (Reits). <a href="http://www.kayafm.co.za">kaya fm</a>