Pareto takes full ownership of Menlyn Park Shopping Centre

A landmark R10-billion asset swap, involving major shopping centres Menlyn Park, in Pretoria, and Cavendish Square, in Cape Town, between international banking group Old Mutual and property investor Pareto has been concluded. Pareto would acquire the 50% share in the Menlyn Park Shopping Centre that it did not already own from Old Mutual, while Old Mutual would acquire the 50% share in Cavendish that it did not own from Pareto.