The Cape Quarter, the flagship property within the Tower Property Funds portfolio, is set to soon receive an extensive solar retrofit as part of the funds greening and occupancy cost reduction strategy.

The Tower Property Fund has purchased the Medscheme building in Florida Glen, Johannesburg, at a cost of R110 million.

The Cape Quarter, the flagship property within the Tower Property Fund portfolio, has recently undergone a lighting retrofit as part of a greening transformation planned for the centre.

The Tower Property funds focussed strategy, which differs from the typical approach to office asset management, has paid off for one building within the portfolio.

Tower Property Fund announced on Monday the acquisition of Cape Town-based De Ville Shopping Centre for the sum of R226m‚ to be paid in shares.

The Cape Quarter, the flagship property within the Tower Property Funds portfolio, is set to soon undergo an extensive greening transformation as part of the funds greening and occupancy cost reduction strategy.

Tower Property Fund strategy leads to reduced vacancies and pleasing results

The landmark Cape Quarter Lifestyle Village, situated in Green Point in Cape Town, has recently undergone several changes and has experienced rapid regeneration through the efforts of managing agents Spire Property Management and the owners of the building, the Tower Property Fund.

Tower Property Fund concludes an agreement with Motifprops 77 Pty Ltd for the acquisition of the property known as Clifton Place for R80.5m.

Bruce Kerswill, Executive Chairman of the Green Building Council South Africa (GBCSA) and the pioneer who led the charge in the formation of the local Council, has been elected as the Chairman of the World Green Building Council (World GBC).

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