Nismedia’s Nazeer Noormohamed is the new owner of the formerly Gupta-owned ANN7 and The New Age offices

Nismedia’s Nazeer Noormohamed is the new owner of the formerly Gupta-owned ANN7 and The New Age offices

 

Going once, twice, and sold!

ANN7 and The New Age offices in Midrand have been auctioned for R29.5m and items such as cameras and furniture were let go for R500 000.

Park Village Auctions auctioned the property and items on Wednesday.

“A total amount of R36m, including VAT and auctioneer’s fee, was reached,” auctioneer Clive Lazarus told News24.

The property includes three semi-detached warehouse buildings, each with its own double-storey offices comprising reception, kitchen, cloakrooms, private offices, boardroom and open-plan office areas.

EWN reports that the property has been partly bought by businessman Nazeer Noormohamed.

He told the news station that he was part of a consortium that is considering running a media company from the property.

Noormohamed owns media company Nismedia which operates in Tshwane.

 

 

November 29, 2018 / by / in

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