Rebosis REIT continues public sales process amid land dispute

Rebosis Property Fund Limited (JSE:REB) released its quarterly progress report for February 2025, outlining ongoing efforts in its business rescue process. A key challenge remains the delayed transfer of the Bloed Street Mall, stemming from a dispute over the remaining period of the land lease agreement. The company, along with the purchaser, continues to engage with the City of Tshwane council to resolve this issue. Rebosis is also working with lenders and purchasers to finalize adjustment accounts. The report also notes that all properties excluding the Bloed Street Mall have been transferred to the respective purchasers. The company has provided stakeholders and creditors report on its website which can be accessed by shareholders at http://rebosisinvestordashboard.co.za. Rebosis assured stakeholders that it will continue providing monthly reports to the JSE, and other relevant parties, complying with Companies Act and JSE Listings Requirements.