HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand
HPA HPB
HPA
HPA / HPB - Hospitality Property Fund Limited - Acquisition of the Westing Grand
Hotel and Arabella Western Cape Hotel and SPA - Registration of transfer
Hospitality Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2005/014211/06)
Share code for A-linked units: HPA
ISIN for A-linked units: ZAE000076790
Share code for B-linked units: HPB
ISIN for B-linked units: ZAE000076808
("Hospitality")
ACQUISITION OF THE WESTING GRAND HOTEL AND ARABELLA WESTERN CAPE HOTEL AND
SPA - REGISTRATION OF TRANSFER
Hospitality informed unitholders on 6 April 2011 on SENS and in the press that
the conditions precedent to the acquisition by HPF Properties (Proprietary)
Limited, a wholly owned subsidiary of Hospitality Property Fund Limited, from
Arabella South Africa Holding (Proprietary) Limited and its subsidiaries of the
property letting and hotel businesses carried on by them under the names of
Westin Grand Cape Town Arabella Quays Hotel and The Arabella Western Cape
Hotel and Spa("the Acquisition") had all either been waived or fulfilled.
Accordingly, Hospitality unitholders are further advised that on Friday, 13 May
2011, HPF Properties took transfer of the immovable properties and the hotel
business which forms the basis of the Acquisition.
20 May 2011
Merchant bank and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Legal advisor to Hospitality
Cliffe Dekker Hofmeyr Inc
Date: 20/05/2011 16:24:02 Produced by the JSE SENS Department.
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