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.