Recent Acquisition Doubles RDC Total Value

Commenting on the issue, RDC executive chairperson Guido Giachetti said doubling the total value of the RDC portfolio has a fundamental effect on their business. "As RDC Properties Limited we are very excited about this significant milestone in the groundbreaking transaction that has been underway for the past 12 months," he said.

Tower Property Fund owns a South African domiciled portfolio of mixed-use, retail and high-quality office properties predominantly in Western Cape, Gauteng and some exposure in KwaZulu-Natal, as well as a large stabilised Euro-based portfolio in Croatia. The company’s flagship properties include the iconic Cape Quarter, a landmark retail and office precinct in Cape Town, Sunclare, an anchor property in the highly successful decentralised node of Claremont, and VMD Towers in Zagreb – one of the European City’s latest landmarks.