Merger between Resilient and Lighthouse in the offing

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Merger between Resilient and Lighthouse in the offing 🔒

A merger could be looming between SA retail landlord Resilient Reit and European mall owner Lighthouse Capital, in one of a number of recent corporate activities in the property sector.

Resilient — whose portfolio includes Irene Village mall in Pretoria, and Highveld Mall in eMalahleni, Mpumalanga, and stakes in a number of offshore landlords — has a market capitalisation of R19bn while Lighthouse, owner of malls in Portugal and Slovenia, has a market value of R10bn. ..

 

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