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Finbond Agrees to Buy Rigel Park for R55.5 Million
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Finbond Agrees to Buy Rigel Park for R55.5 Million
  • Finbond Group agreed on October 30, 2026, to acquire Rigel Park from Inan Props for R 55.5 million in cash.
  • The acquisition will secure premises currently leased by Finbond Mutual Bank, providing room for expansion.
  • Rigel Park is 97.6% let, with net income of R 5.95 million for the year ended June 30, 2026.
  • The property had an independent valuation of R 55 million as of August 1, 2026.
  • Payment is due on transfer of the property, when rental income rights pass to the buyer.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Finbond Group Limited published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S605890), on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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