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Delprop - proposed disposal and update on transfer
Delta shareholders were advised that the Company (the "Seller") has entered into a sale of letting enterprise agreement (the "Agreement") with Afrocentric Intellectual Property (Pty) Ltd. (the "Purchaser"), to dispose of the property situated at 142 – 144 Fourth Street, Parkmore, Sandton, including immovable assets, known as "Parkmore" (the "Property"), for a cash consideration of R19.0 million (the "Disposal Consideration") (the "Disposal").
Delta shareholders were further advised that the Company has now successfully concluded the disposal and transfer of Erf 10405 Kimberly ("Du Toitspan") to Currolink Investments (Pty) Ltd. (as previously announced on 2 October 2024) and the leasehold rights held under lease number K2160/2016L ("Pine Parkade") to Bemath Poverty Alleviation Trust (as previously announced on 28 October 2024).
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