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Accelerate Property terminates €42M Polish portfolio deal

Accelerate Property Fund Ltd. said it will not pursue the proposed €41.9 million acquisition of a portfolio of five light industrial and logistics assets in Poland.

According to the board, Accelerate Property's current equity price does not fairly reflect the company's underlying value.

The management reiterated that its focus will remain on the active asset management of the property portfolio, optimization of the company's balance sheet and the redevelopment of the Fourways Mall into a super regional center, expanding its floor size to about 178,000 square meters.