Consolidation on the cards for listed property players

Merger and takeover talks are on the rise.

South Africa’s struggling listed property sector is in line for consolidation with increased takeover and merger talk, particularly among small counters.

Cape Town-based Fairvest Property Holdings and small-cap Safari Investments, which both operate in the lower LSM retail property market, announced in a joint statement on Monday that Safari intends making an offer to acquire all issued shares in Fairvest.

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