Ballito Bay Mall liquidation notice granted
New owner will not have to deal with previous property problems.
The final order of liquidation of the Ballito Bay Mall has been granted, placing mall owners Consolidated A1 Trade and Investment 6 (Pty) Ltd under liquidation.
“The first meeting of creditors was held two weeks ago at which the final nomination of liquidators was approved,” said Theo van den Heever, one of the liquidators.
He said the advantage of buying a liquidated property was that all the “historical nonsense” is cleaned up by the liquidation process which means the new owner does not have to deal with any of the property’s former legal hassles.
Read the full story in this week’s Courier.
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