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Competition Tribunal approves the Zenprop acquisition
INVESTEC PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: IPF ISIN: ZAE000180915
(“Investec Property Fund” or “the Fund”)
COMPETITION TRIBUNAL APPROVES THE ZENPROP ACQUISITION
Investec Property Fund shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Service (“SENS”) on Tuesday, 24 November 2015 which informed Shareholders that the Competition
Commission had approved the acquisition by the Fund of the portfolio of properties (“Zenprop Portfolio”) from Zenprop
and associated trusts (“Zenprop Acquisition”) without any conditions and had referred the matter to the Competition
Tribunal.
The Fund is pleased to inform Shareholders that the Competition Tribunal has approved the Zenprop Acquisition
without any conditions and, as a result, the Zenprop Acquisition is now unconditional.
The acquisition of Friedshelf 113 Proprietary Limited and Double Flash Investments 51 Proprietary Limited which own
the Design Quarter mall and the various Nicol Grove offices, will be effective from 1 December 2015 with the purchase
of the letting enterprises in respect of the balance of the Zenprop Portfolio being effective on the date of transfer of the
relevant properties which are expected to take place during December 2015.
Sandton
26 November 2015
Investment Bank and Sponsor
Investec Bank Limited
Legal Advisor
Fluxmans Inc
Competition Law Advisor
Baker & McKenzie
Date: 26/11/2015 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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