Heartwood Properties unit sells Heartwood Saxdowne stake for ZAR 55 million

Reuters2026/08/26 09:55

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Heartwood Properties’ 65%-owned Heartwood Logistics agreed to sell Heartwood Saxdowne to Ebenezer Baptist Church’s nominee for ZAR 55 million.
Asset holds rights for a Cape Town industrial logistics scheme, including a 2,533 sq m warehouse, offices, 4,143 sq m yard space.
ZAR 5 million deposit paid; ZAR 50 million due on closing, backed by bank guarantees.
Closing set within seven business days of practical completion, no later than seven business days after Jan. 1, 2027.
Heartwood expects ZAR 22.93 million cash benefit; proceeds earmarked for its Cape Town warehouse development pipeline.

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. Heartwood Properties Ltd. published the original content used to generate this news brief on August 26, 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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Heartwood Properties unit sells Heartwood Saxdowne stake for ZAR 55 million

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