MAS REAL ESTATE INC - Acquisition of Logistics Property in Germany

Acquisition of Logistics Property in Germany

MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
Registered as an external company in the Republic of South Africa
Registration number 2010/000338/10
SEDOL (XLUX): B96VLJ5
SEDOL (ALTX): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
(“MAS”)


ACQUISITION OF LOGISTICS PROPERTY IN GERMANY


INTRODUCTION
Shareholders are advised that MAS, through its wholly-owned subsidiary, Incantada Capital S.à.r.l., has
completed the acquisition of a logistics centre (the “property”) in Munich, Germany.


RATIONALE AND SALIENT TERMS OF THE ACQUISITION
The purchase price of the property is EUR10 500 000. The property is currently leased to Volkswagen AG until
December 2018, after which MAS may relet or redevelop the site. MAS is of the view that this property, given its
location and size, has good asset management potential and fits with the long term strategy of achieving
growing income returns.


The current annual rent roll is EUR885 692 per annum and the property is expected to deliver an average of
6,99% core income after costs and income tax.


DETAILS OF THE PROPERTY
Property location                                          Wasserburger Landstrasse 133, Munich, Germany
Sector                                                     Logistics
Rentable area                                              approx. 13 090 sqm; (site size 28 142 sqm)
Weighted average rental per month per m2                   EUR 5.64
Value attributable to the property                         EUR11 900 000


EFFECTIVE DATE
The effective date of the acquisition is 12 August 2016.


CATEGORISATION OF THE TRANSACTION
The acquisition is not categorisable under the JSE Listings Requirements. This announcement is voluntary and
for information purposes only.

MAS holds a dual primary listing on the Main Board of the JSE and the Euro MTF Market of the LuxSE.

16 August 2016

For further information please contact:
Helen Cullen, Company Secretary, MAS Real Estate Inc.                               +44 1624 625 000
Java Capital, JSE Sponsor                                                           +27 11 722 3050
Charl Brand, M Partners, Luxembourg                                                 +352 263 868 602

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