| Thu 9 Jun 2011, 11:39 | | GRT - Growthpoint Properties Limited - Acquisition of a 50% Interest in The V&A |
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GRT
GRT
GRT - Growthpoint Properties Limited - Acquisition of a 50% Interest in The V&A
Waterfront, Cape Town
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN ZAE000037669
("Growthpoint")
ACQUISITION OF A 50% INTEREST IN THE V&A WATERFRONT, CAPE TOWN
Growthpoint linked unit holders are referred to the announcement released on the
Securities Exchange News Service of the JSE Limited on 14 February 2011 in which
it was announced that Growthpoint, together with the Public Investment
Corporation Limited ("PIC") representing the Government Employees Pension Fund,
(collectively the "Purchasers") had entered into an agreement to, inter alia,
acquire, in equal proportions, 100% of the ordinary shares in Lexshell 44
General Trading (Proprietary) Limited ("Lexshell"), which company is the owner
of the V&A Waterfront (the "Transaction").
Following the fulfilment and/or waiver of all conditions precedent to the
Transaction, including, approval by the Competition Authorities, Growthpoint is
pleased to announce that the Transaction closed on 7 June 2011. The purchase
consideration has been settled and ownership of the issued shares in Lexshell
has transferred to the Purchasers.
Sandton
9 June 2011
Investment bank to the Purchasers Sponsor to Growthpoint
Investec Corporate Finance Investec Bank Limited
Attorneys to Growthpoint Attorneys to PIC
Glyn Marais DLA Cliffe Dekker Hofmeyr
Debt Capital Markets Advisor Debt Providers and Underwriters
ABSA Capital Rand Merchant Bank and Standard Bank
Date: 09/06/2011 11:39:01 Produced by the JSE SENS Department.
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