R285.5 million sale breaks South Africa’s property auction record

• The sale of the Durban industrial facility for R285.5 million broke South Africa's property auction record.
• The property, which includes a 45,458 m² land extent and a gross lettable area of 33,845 m², was sold at a net yield of 8.24% and features a long-term triple-net lease with a prominent national tenant.
• The sale demonstrates the continued demand for quality industrial investments in South Africa, with the property attracting nine registered bidders from across the country.