Fairvest Property Holdings has entered into an agreement with Vilhas Property CC to acquire the Shoprite Heidelberg shopping centre rental enterprise as a going concern for R54 954 500.

Safari Investments RSA Limited ("Safari") will become the latest REIT listing on the JSE on Monday, 7 April 2014.

Safari is pleased to announce its intention to list its shares on the securities exchange operated by the JSE Limited ("JSE") as a Retail REIT on the Main Board before the end of March 2014.

Heidelberg Mall, set to open in October 2014, is already attracting a powerhouse of leading retailers a full year before it opens, including some of South Africa’s most popular national stores.

An innovative joint venture in Heidelberg between the Lesedi Council and private developers is bringing not only a new regional shopping centre to the town, but R600 million in capital investment and up to 1,200 permanent jobs.