EQUITES PROPERTY FUND LIMITED - Conclusion of disposal of Cape Town office portfolio

Conclusion of disposal of Cape Town office portfolio

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU  ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or “the Company”)


CONCLUSION OF DISPOSAL OF CAPE TOWN OFFICE PORTFOLIO


Equites listed with a portfolio of 17 Cape Town based properties, of which 3 were multi-let offices known as D’Urban
Square and Belvedere (both in Bellville) and Execujet Office Tower (in Airport Industria) (collectively “the Offices”).
Equites has consistently communicated its exclusive focus on the industrial sector and specifically on logistics
properties. In line with this focus, it was always the intention to dispose of the Offices once the industrial portfolio 
had reached sufficient scale.

As discussed in the annual financial statements for the year ended 28 February 2017 three separate sale agreements had
been concluded to dispose of the Offices. Shareholders are accordingly advised that as of 1 June 2017, the transfer of the
Offices were registered for a combined sales consideration of R232.8 million. This is in line with the book value of the
Offices immediately prior to the conclusion of the sale agreements.

Following these disposals, Equites retains two small commercial properties in Gauteng, comprising approximately 1.32% of 
the total portfolio of the Company by value. The sale of the Offices contributes to the Company’s stated intention of 
providing investors with pure exposure to the buoyant logistics sector, both in South Africa and the United Kingdom.

5 June 2017


Sponsor
Java Capital

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