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Delprop - proposed disposal and transfer update
Delta shareholders were advised that the Company (the "Seller") has entered into a sale of letting enterprise agreement (the "Agreement") with Vivid Yellow Investments (Pty) Limited (the "Purchaser"), to dispose of the property situated at 101 De Korte Street, Braamfontein, Johannesburg, including immovable and movable assets, and as more commonly known as "101 De Korte" (the "Property"), for a cash consideration of R25.0 million (the "Disposal Consideration") (the "Disposal").
Delta shareholders were further advised that the Company has now successfully concluded the disposals of Erven 242, 246 and 1100 Marshalltown Township ("Unisa House") to Guder Properties (Pty) Ltd. (as previously announced on 28 October 2024).
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