Sharenet Sites 
Sharenet Sites
Disposal of The Chapel, Burton Shopping Centre
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)
DISPOSAL OF THE CHAPEL, BURTON SHOPPING CENTRE
INTRODUCTION AND RATIONALE
Shareholders are advised that contracts have been exchanged between Burton Shopping Centre Limited, a wholly-owned
subsidiary of New Frontier and Swan Walk Estates Limited (the “purchaser”) for the sale of the property known as the
Chapel, located immediately outside of the Burton Shopping Centre (the “property”) to the purchaser for a consideration
of £931 277.40, representing a net initial yield of 9.16% (the “transaction”).
The proceeds of the transaction will be used to reduce outstanding debt, in line with New Frontier’s strategy to dispose of
property to reduce its loan to value ratio.
TERMS OF THE TRANSACTION
The transaction was concluded by a way of a transfer of business. The transaction has been concluded on an unconditional
basis and the purchaser acquired the property upon the exchange of contracts. The purchase consideration for the property
was paid in cash.
The transaction includes warranties, undertakings and indemnities which are normal for a transaction of this nature.
FINANCIAL AND PROPERTY SPECIFIC INFORMATION
Details of the property, including the property name, geographical location, sector, GLA, weighted average rental per square
metre, the purchase consideration and the valuation, are set out in the table below:
Property name and geographical location The Chapel, unit 25 & 27 Swan Walk, Coopers Square Shopping
Centre, Burton upon Trent DE14 1DD
Sector Retail
GLA (sq ft) 5,925
Weighted Average rental per sq ft (£) 18.14
Value attributed to the property as at 31 619,000
August 2019 (£)1
Notes:
1. The property was valued as at 31 August 2019, by Colliers International Valuation UK LLP, who are independent
professional valuers and a member of the Royal Institution of Chartered Surveyors (“RICS”)
The profits after tax attributable to the property for the year ended 31 August 2019, was £67,500, based on the reviewed
consolidated results for the year ended 31 August 2019, which were prepared in terms of IFRS.
CATEGORISATION OF THE TRANSACTION
The transaction constitutes an undertaking in the ordinary course of business of New Frontier and therefore does not fall
under the scope of Chapter 13 of the SEM Listing Rules requiring a publication of a circular or shareholder approval.
The transaction is a Category 2 transaction in terms of the JSE Listings Requirements and accordingly does not require
shareholder approval.
New Frontier holds primary listings on the SEM and the Alternative Exchange of the JSE.
By order of the Board
13 January 2020
This notice is issued pursuant to SEM Listing Rule 11.3. The Board of New Frontier Properties Ltd accepts full
responsibility for the accuracy of the information in this notice
For further information, please contact:
JSE sponsor
Java Capital +27 11 722 3050
SEM sponsor
GB Capital +230 650 4054
Company secretary
Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030
Date: 13-01-2020 02:30:00
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