Ultimo Properties (Pty) Ltd and JD Consumer Electronics and Appliances (Pty) Ltd And Part of the Rental Enterprises of Steinhoff Properties (Pty) Ltd,JD Group Property Holdings (Pty) Ltd, Tanzanite Treasure Trading 7 (Pty) Ltd, Showboat Trade and Invest 17 (Pty) Ltd, Copperzone 185 (Pty) Ltd

Case number: LM189Jan21

Case parties:

Primary Acquiring Firm: Ultimo Properties (Pty) Ltd and JD Consumer Electronics and Appliances (Pty) Ltd Primary Target Firm: Part of the Rental Enterprises of Steinhoff Properties (Pty) Ltd

Case type: Large Merger
Type of merger: Horizontal
Case status: Reasons Issued
Outcome: Approved Subject to Conditions
Order date: 2021-03-10
Sector: Real estate activities
Industry: Real estate activities with own or leased property
Relevant market: The supply of rentable B-Grade office space in the greater Kuils River node
Remedy: 12A(3)(b) employment
Competition Tribunal Members: Enver Daniels, Mondo Blessing Mazwai, Yasmin Carrim

Case Files

Order and Reasons for Decision (Non-Confidential)	499,3KB
2021-03-19-Ultimo-CEA-Properties-Merger-MediaRelease.html	68KB