FilingReader Intelligence

RMH sells warehouse stake for R55.6m

July 30, 2025 at 09:03 PM UTCBy FilingReader AI

RMB Holdings Limited has sold a warehouse in Montague Gardens for R55.6 million through its property subsidiaries, achieving a 9% initial yield.

The transaction was completed through RMH's complex ownership structure - its subsidiary RMH Property holds 50% of Integer Properties 3, which owns 50% of Senzosol, the entity that sold the warehouse.

RMH will receive approximately R22.2 million in net proceeds, which will be used to reduce a shareholders' loan. The sale represents less than 5% of RMH's market capitalization as of August 15, 2024.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:RMHJohannesburg Stock Exchange

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