Flanagan & Gerard takes full ownership of Morningside Shopping Centre
Property investment firm Flanagan & Gerard Property Group has taken full ownership of the Morningside Shopping Centre in the upmarket Sandton suburb of Morningside from property investment firm Grapnel Property Group for an undisclosed amount. The transaction increases Flanagan & Gerard's stake in the retail asset that it has co-owned since 2008, and is its first wholly owned property. Flanagan & Gerard has had its offices at the centre for the past 16 years and has maintained a close, hands-on relationship with the property.
Property investment firm Flanagan & Gerard Property Group has taken full ownership of the Morningside Shopping Centre in the upmarket Sandton suburb of Morningside from property investment firm Grapnel Property Group for an undisclosed amount. The transaction increases Flanagan & Gerard's stake in the retail asset that it has co-owned since 2008, and is its first wholly owned property. Flanagan & Gerard has had its offices at the centre for the past 16 years and has maintained a close, hands-on relationship with the property.
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