Merger Alert: Redefine Properties Ltd And Setso Property Fund (Pty) Ltd in respect of shares in Hertford Office Park
Qaphela
Lesi Isaziso Sokuhlanganisa esilandelayo senzelwe izinjongo zolwazi kuphela futhi asibophezeli ku-Competition Tribunal nanoma yiliphi ilungu le-Tribunal.
Lead Text
The Tribunal has unconditionally approved the large merger wherein Redefine Properties Limited (“Redefine”) intends to acquire shares in Hertford Office Park (“target property”) from Setso Property Fund (Pty) Ltd (“Setso Property Fund”).
Uhlobo lwendaba
Large merger
Amaqembu ahilelekile
Redefine Properties Ltd And Setso Property Fund (Pty) Ltd in respect of shares in Hertford Office Park
Isinqumo Senkantolo
Approved without conditions
Kukhishwe ngu
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved the large merger wherein Redefine Properties Limited (“Redefine”) intends to acquire shares in Hertford Office Park (“target property”) from Setso Property Fund (Pty) Ltd (“Setso Property Fund”).
The acquiring group is a property investment holding company which holds a property portfolio comprising rentable office, retail, residential and industrial space throughout South Africa. The acquiring group operates as a landlord of the properties that it owns and lets the properties to its tenants.
The target property, an office property comprising rentable office space, is situated in Midrand, in Gauteng.
