RDC Properties expects revenues to triple after new deal

RDC Properties closed the purchase of the Tower Property Fund on December 28 last year in a deal that added 46 properties located in South Africa and Croatia to the local group’s portfolio.

On Tuesday, RDC Properties chief financial officer, James Day explained that while the deal had ballooned the group’s investment and property portfolio by 153% to P5.8 billion, it had had a minimal effect on operating profits as it was concluded three days before the end of the 2021 financial year.