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ROCKCASTLE GLOBAL REAL EST CO LTD - Acquisition of Platan Shopping Centre

Release Date: 18/09/2015 17:30
Code(s): ROC     PDF:  
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Acquisition of Platan Shopping Centre

Rockcastle Global Real Estate Company Limited
(Incorporated in the Republic of Mauritius)
(Registration number 108869 C1/GBL)
JSE share code: ROC
SEM share code: ROCK.N0000
ISIN: MU0364N00003
(“Rockcastle”)


ACQUISITION OF PLATAN SHOPPING CENTRE

Shareholders are advised that Rockcastle, through its subsidiary Bergamot sp. z o.o., has concluded an agreement to acquire
Platan Shopping Centre (“Platan” or the “property”) located in the city of Zabrze, Poland.

Zabrze is a city in Southern Poland with a population of approximately 178,000 residents and is part of the Katowice
Agglomeration which is the largest urban area in Poland. It is a single mass of fifteen adjoining cities with a combined population
of 2.2 million residents. Zabrze is located 18 kilometres from the largest city in the agglomeration, Katowice, which has a
population of 300,000 people. The area is historically the most important industrial region in Central Europe and is dominated
physically and economically by its massive complex of mines, metallurgical and chemical industries and other heavy industries. It
is also developing leading Information Technology and Business Process Outsourcing sectors. The region has a higher than
average real GDP per capita and significantly lower unemployment rate than the average rate in Poland.

Platan is located in the city centre of Zabrze, opposite the Town Hall, and therefore benefits from excellent pedestrian and
vehicular access as well as public transport connections to the surrounding catchment area. The shopping centre has a Gross
Lettable Area (“GLA”) of 25 336 m2, is anchored by a 14 091 m2 Auchan hypermarket with a remaining lease term of 12 years
and consists of 78 other retail units. The centre benefits from a free and extensive surface car parking area for its customers.

The tenant mix in Platan provides a balanced offering of Fashion & Footwear, Health & Beauty and a Hypermarket,
complimented by supporting services and a food court. The centre houses numerous international and national brands such as
Auchan, Carry, CCC, Cropp, Deichmann, Diverse, GoSport, House, KFC, Orsay, Reserved, Rossmann, RTV Euro AGD, Sephora
and Sinsay. The weighted-average unexpired lease term is 4.9 years. Given the expansion potential on the property, it is
Rockcastle’s intention to expand the existing centre to meet current and future tenant demand.

The aggregate purchase price for the transaction is EUR51.84 million which represents an initial yield of 6.9%. The transaction
is expected to complete in December 2015 on receipt of the relevant VAT approvals from the Polish Tax authorities. The
purchase agreements for the property contain warranties that are typical for transactions of this nature.
The acquisition of Platan is not categorisable under the JSE Listings Requirements. This announcement is provided for
information purposes only.

Rockcastle has primary listings on both the Stock Exchange of Mauritius Ltd and the Johannesburg Stock Exchange.

By order of the Board

18 September 2015

For further information please contact:

Java Capital
JSE sponsor                                                      +27 11 722 3050

Intercontinental Trust Limited
Company secretary                                                +230 403 0800




This notice is issued pursuant to the JSE Listings Requirements and SEM Listing Rule 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007.
The Board of Directors of Rockcastle Global Real Estate Company Limited accepts full responsibility for the accuracy of the
information contained in this announcement.

Date: 18/09/2015 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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