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ROCKCASTLE GLOBAL REAL EST CO LIMITED - Conclusion of Focus Mall and Focus Park acquisitions

Release Date: 05/12/2016 08:57
Code(s): ROC     PDF:  
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Conclusion of Focus Mall and Focus Park acquisitions

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”)


CONCLUSION OF FOCUS MALL AND FOCUS PARK ACQUISITIONS


INTRODUCTION

As announced on 12 August 2016, Rockcastle concluded the preliminary agreements to acquire the shopping centres known
as Focus Park Zielona Gora (“Focus Park”) and Focus Mall Piotrkow Trybunalski (“Focus Mall”) in Poland from Focus
Park Zielona Gora Sp. z.o.o. and Focus Park Piotrków Trybunalski Sp. z.o.o respectively (“the transaction”). Rockcastle is
pleased to announce that all conditions precedent have been met and the transaction was concluded effective as of
30 November 2016.

FOCUS PARK – ZIELONA GORA, POLAND

The shopping centre, with a GLA of 26,800m2 opened for trading in 2008 and is the largest retail destination in the city of
Zielona Gora with a population of 138 000 inhabitants.

With an annual footfall of over 5.2 million, Focus Park has the highest footfall in the region. The shopping centre is
tenanted by strong retailers including Bershka, C&A, CCC, Cinema City, Deichmann, Empik, H&M, KFC, McDonalds,
New Yorker, Reserved, Rossmann and Smyk.

The site allows for a shopping centre GLA extension of at least 12,000m2 and it is Rockcastle’s intention to apply for the
necessary permits approvals to undertake the extension which is being driven by high tenant demand.

FOCUS MALL – PIOTRKOW TRYBUNALSKI, POLAND

Situated in central Poland, Piotrkow Trybunalski with 75 608 inhabitants, Focus Mall was opened in 2009 and remains the
only modern 3rd generation retail destination in town. The centre offers 35,168m2 GLA divided across two retail levels.

With an annual footfall of over 4.2 million, Focus Mall is located on the western fringe of the city in the centre of a dense
residential area comprising high-rise blocks of flats.

Key tenants in the centre include CCC, C&A, H&M, Helios Cinema, KFC, Martes Sport, New Yorker, Pepco, Reserved,
Rossmann and Smyk. In addition, a new lease has been signed with Carrefour to open a 3,444m2 supermarket which will
strengthen the current retail offering.

PURCHASE CONSIDERATION

The aggregate purchase price for the transaction was EUR160 million which was settled from Rockcastle’s existing cash
resources and represents an average acquisition yield of approximately 6.5%.

CATEGORISATION

The transaction is categorised as a category 2 transaction in terms of the JSE Listings Requirements and accordingly all the
relevant information relating to the transaction was announced in the reviewed summarised consolidated interim financial
statements released on 12 August 2016. The transaction has been undertaken in the ordinary course of business of
Rockcastle and therefore did not trigger the provisions of Chapter 13 of the Listing Rules of the Stock Exchange of
Mauritius Ltd (“SEM”).

Rockcastle has primary listings on both Official Market of the SEM and the Main Board of the JSE Limited.

By order of the board.

5 December 2016

For further information please contact:
Intercontinental Trust Limited
Company secretary                                             +230 403 0800
Java Capital
JSE sponsor                                                   +27 11 722 3050
Perigeum Capital Ltd
SEM authorised representative and sponsor                     +230 402 0890

This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rule 11.3 and the Mauritian Securities Act
2005.
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: 05/12/2016 08:57:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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