Owner of South Africa’s biggest shopping mall sells KPMG head office for R385 million

• Accelerate Property Fund sells KPMG Crescent and parkade to Rand Mutual Assurance for R385 million
• The sale is part of Accelerate's ongoing strategic repositioning and restructuring programme, aimed at managing debt burden and improving efficiency
• The sale will provide Rand Mutual Assurance with a valuable asset, with KPMG Crescent reporting a net operating income of R100.8 million in the past financial year