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Octodec to 'recycle' Killarney Mall asset for R397.5m

The Citizen

|

February 27, 2026

Octodec Investments Limited has officially entered into a definitive agreement to dispose of 100% of its shares and claims in Killarney Mall for a consideration of R397.5 million.

- Moneyweb

Octodec to 'recycle' Killarney Mall asset for R397.5m

FAIR VALUE. As of 31 August 2025, Killarney Mall was valued at R407.6 million, with net liabilities of R38.6 million. Picture: Supplied

(Supplied)

The transaction, signed on 24 February with AJPG Property 1 Proprietary Limited, marks a major milestone in Octodec’s broader capital-allocation strategy to recycle non-core assets.

From recycling to reinvestment

The decision to divest from Killarney Mall follows its strategic identification as an asset for recycling.

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