INDLUPLACE PROPERTIES LIMITED - Potential Acquisition By Indluplace Of Portfolio Of Residential Properties From South African Workforce Housing Fund

Potential Acquisition By Indluplace Of Portfolio Of Residential Properties From South African Workforce Housing Fund

INDLUPLACE PROPERTIES LIMITED
(previously Arrowhead Residential Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2013/226082/06)
JSE share code: ILU ISIN: ZAE000201125
(Approved as a REIT by the JSE)
(“Indluplace” or “the company”)


POTENTIAL ACQUISITION BY INDLUPLACE OF A PORTFOLIO OF RESIDENTIAL
PROPERTIES FROM THE SOUTH AFRICAN WORKFORCE HOUSING FUND (“SAWHF”)


Shareholders are advised that Indluplace has, subject to certain conditions precedent, entered into a
memorandum of understanding with SAWHF, a fund managed by the International Housing Solutions
Group, for the acquisition of an approximately R782 million portfolio of residential properties (“the
residential property portfolio”) (“the acquisition”) at a net yield of 8.4%.

The residential property portfolio consists of about 1400 units located in Western Cape (21%), Mpumalanga
(23%) and the remainder in Gauteng. The residential property portfolio also includes a development that
will be completed early in 2016.

The acquisition remains subject to conclusion and signature of formal agreements (“the formal
agreements”). In this regard, shareholders are advised that the formal agreements are close to being
finalised and a further announcement will be released on SENS disclosing the details of the formal
agreements once they have been signed.

The acquisition is in line with the company’s strategy to grow its residential portfolio aggressively through
acquiring yield enhancing properties and portfolios that provide income from the first day of acquisition.
The portfolio will enhance the company’s current portfolio with good quality, newly built townhouse type
developments and will expand the company’s national footprint.

19 October 2015


Corporate advisor and sponsor
Java Capital

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