Merger Alert: Great Westerford Holdings (Pty) Ltd and the rental enterprise including the property known as "Great Westerford"
Kennisgewing
Die volgende samesmeltingswaarskuwing is slegs vir inligtingsdoeleindes en is nie bindend vir die Mededingingstribunaal of enige lid van die Tribunaal nie
Lead Text
The Tribunal has unconditionally approved the merger whereby Great Westerford Holdings (Pty) Ltd (“Great Westerford”) intends to acquire the rental enterprise, including the property known as "Great Westerford", from Ingenuity Property Investments (Pty) Ltd.
Tipe materie
Large merger
Partye betrokke
Great Westerford Holdings (Pty) Ltd and the rental enterprise including the property known as "Great Westerford"
Tribunaalbeslissing
Approved without conditions
Uitgereik deur
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved the merger whereby Great Westerford Holdings (Pty) Ltd (“Great Westerford”) intends to acquire the rental enterprise, including the property known as "Great Westerford", from Ingenuity Property Investments (Pty) Ltd.
The acquiring group provides vendor neutral data centres which involves the secure housing of information systems and networking equipment within its premises. It also provides data centre solutions targeted at cloud providers, network and telecoms providers, managed services providers, enterprises, financial services and content providers.
The rental enterprise, including the property known as Great Westerford, is located in Cape Town. It comprises office space with two of the current tenants operating retail businesses i.e. a personal training studio and a coffee shop.
