EQUITES PROPERTY FUND LIMITED - Completion of Acquisition of Distribution Centre in Coventry, England

Completion of Acquisition of Distribution Centre in Coventry, England

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”)


COMPLETION OF ACQUISITION OF DISTRIBUTION CENTRE IN COVENTRY, ENGLAND


Shareholders are referred to the announcement released on SENS on 26 July 2017 wherein Shareholders were advised that
Equites, through its Isle of Man based wholly-owned subsidiary, Equites International Limited (“Equites International”),
had concluded an agreement with Travis Perkins Properties Limited (“the seller”), in terms of which Equites International
will acquire a recently developed, 19 909 square meter cross docking distribution centre situated in Coventry, England (“the
property”) from the seller for a purchase consideration of £41 000 000 (equivalent to approximately ZAR 697 000 000) (the
“purchase consideration”) (“the transaction”).

The transaction was subject to the seller entering into a 15 year lease with a Swiss based global transport and logistics
company. Shareholders are advised that on 13 October 2017 the seller concluded the aforementioned 15 year lease.
Accordingly, the final outstanding condition precedent has now been fulfilled.

It has been agreed between the seller and Equites that the acquisition of the property will be implemented on 1 December 2017
on which date Equites will become the legal owner of the property.

The transaction is classified as a category 2 transaction in terms of the JSE Listings Requirements and accordingly does not
require approval by Equites’ shareholders.


17 October 2017

Corporate advisor and sponsor to Equites
Java Capital

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