The Tribunal has conditionally approved the large merger wherein Growthpoint Healthcare Property Holdings (RF) Ltd (“GHPH”) and Bidvest Properties (Pty) Ltd (“Bidvest Properties”) will acquire a property from Growthpoint Securitisation Warehouse Trust (“the target property”). Following the implementation of the proposed merger, the target property will be jointly controlled by GHPH and Bidvest Properties.
 
GHPH is an unlisted real estate investment trust (“REIT”) which invests exclusively in healthcare property assets. Bidvest Properties is a property investment company. The target property is known as Adcock Ingram Midrand and comprises a warehouse with office facilities.