Old JSE building in Diagonal Street gets new owner

Robosis Property Fund has bought the iconic old JSE building at 17 Diagonal Street in the Johannesburg CBD as part of an acquisition of a portfolio of letting enterprises and properties.

We interviewed Nigel Adriaanse, Director of Operations at Robosis Property Fund.

Scroll down to listen to the audio.

It’s a fully let building. Government is the tenant.

Nigel Adriaanse, Director of Operations at Robosis Property Fund

We’re spending R495 million for the building and looking at a rental yield of nine percent.

Nigel Adriaanse, Director of Operations at Robosis Property Fund

As part of the deal we got a five-year lease agreement.

Nigel Adriaanse, Director of Operations at Robosis Property Fund

There is no sense whatsoever that the JSE used to be housed in the building.

Nigel Adriaanse, Director of Operations at Robosis Property Fund

This article first appeared on 702 : Old JSE building in Diagonal Street gets new owner


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