Accelerate Property Fund (APF), a leading real estate investment trust, is in talks to sell Portside Tower and four other properties in a bid to reduce its debt and ease financial strain.
Portside Tower, which is expected to sell for just over R600m, is located in Cape Town's CBD and is the city's tallest building. With FNB as its anchor tenant, it stands at 136m with 30 floors.
This iconic structure offers approximately 50,000m² of office space and is renowned for its 5-star Green Building Council of South Africa rating. The building offers various office sizes. Its tenth floor features a balcony with views of Table Mountain and the Atlantic Foreshore. The building also boasts amenities such as a professionally equipped staff restaurant and wellness centre.
