Merger Alert: Hyprop Investment Ltd and the Trustees for the time being of the Table Bay Mall Property Trust in respect of the rental enterprise known as Table Bay Mall

Hyprop Investment Ltd and the Trustees for the time being of the Table Bay Mall Property Trust (“Table Bay Trust”) in respect of the rental enterprise known as Table Bay Mall

The Tribunal has unconditionally approved the merger wherein Hyprop Investments Ltd (“Hyprop”) intends to acquire the rental enterprise known as Table Bay Mall as a going concern.

The Tribunal’s decision follows a hearing during which it interrogated various aspects of the proposed transaction.

Hyprop operates as a Real Estate Investment Trust (“REIT”) which is listed on the Johannesburg Stock Exchange (“JSE”). It invests in, manages and develops a portfolio of real estate assets.

Table Bay Mall is a major regional centre situated in the Western Cape. It comprises retail and storage space.

Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib