Property Flash


Delta Property Fund, the JSE-listed real estate investment trust (Reit) is looking for a buyer for office buildings and enhancements thereon collectively known as Beaconsfield.

Delta is a landlord which makes the majority of its revenue from renting offices out to government tenants. The company which has a market capitalisation of R207m and assets worth R7.5bn had on December 13 2022 said that it entered into an agreement with Dino & Lambro Investments CC to dispose of Beaconsfield, situated at 28 Central Road, Kimberley, together with all the buildings and improvements thereon for R22.1m. 

This agreement has since been cancelled because Dino & Lambro did not meet its obligations related to the disposal price.

Delta will continue to market and seek a buyer for the property. The company is trying to clean up its portfolio by selling its lower quality assets.

Leave a Reply

Your email address will not be published. Required fields are marked *