Discovery has announced it will purchase its iconic head office on the corner of Katherine Street and Rivonia Road in Sandton from landlords Growthpoint and Zenprop for R4.05 billion.
It says with seven years until expiry of the lease, the group evaluated its long-term lease and determined it would likely stay beyond the current lease period. In addition, it has optimised its space requirements, meaning that it does not see the need for the effective option on Phase two of the building known as The Ridge.
Read the Discovery and Growthpoint Sens.
