Delta Property Fund agrees to sell Hatfield Forum East for R35 million

Reuters2026/07/21 08:30

By:Reuters

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Delta Property Fund agreed to sell Hatfield Forum East in Hatfield, Pretoria to NXTGEN Student Housing for ZAR 35 million cash.
Net proceeds earmarked for debt reduction as part of a portfolio optimization plan targeting non-core assets.
Transfer expected around Jan. 31, 2027; consideration includes a paid deposit with the balance secured by guarantees.
Property metrics for the year ended Feb. 28, 2026 include ZAR 6.9 million net operating income with a 39% vacancy rate.
Delta also completed the previously announced transfers of In2Fruit and 88 Field Street, using proceeds to settle property-level debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Delta Property Fund Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524376), on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Delta Property Fund agrees to sell Hatfield Forum East for R35 million

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