The sale of Rebosis properties including Hemingways Mall in East London and Bay West Mall in Gqeberha will only take place after the final purchaser's selection on July 27.
With Rebosis Property Fund’s debt ballooning to R9.5bn, and after protracted business rescue attempts, the major property group has been left with no option but to sell some of its assets, including Baywest Mall, worth a total R1.6bn.