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PROPERTY: Cape Empowerment Eyes City Centre

 



Recent Western Cape Business News

CAPE Empowerment, which owns the potentially lucrative Lion’s Hill development, is rumoured to be eyeing new property transactions.

Talk is that CAP – which now has some balance sheet capacity after selling parcels of shares in Grand Parade Investments (GPI) - is looking to acquire a central Cape Town property.

Any new forays into property will be keenly anticipated by CAP shareholders – especially since the sizeable Lion’s Hill development has effectively been put on the back-burner until property conditions improve in Cape Town.


 
 
 
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