| Mon 13 Feb 2012, 12:28 | | SAC - SA Corporate Real Estate Fund - Termination of agreement for the |
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SAC
SAC
SAC - SA Corporate Real Estate Fund - Termination of agreement for the
acquisition of a property
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the
Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06) ("SA
Corporate Fund Managers")
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")
TERMINATION OF AGREEMENT FOR THE ACQUISITION OF A PROPERTY
SA Corporate unitholders are referred to the announcement released on SENS on
21 November 2011 regarding the acquisition of Portion 42 of Stand 59,
Gosforth Park Extension 4 situated Silverstone Road, Raceway Industrial Park,
Gosforth Park, Gauteng ("the Property") ("the Acquisition"), also known as LG
Electronics and City Couriers.
As set out in the aforementioned announcement, the Acquisition of the
Property was subject to certain conditions precedent, one of which was the
satisfactory completion of a due diligence investigation by SA Corporate.
Despite an extension for the completion of the due diligence investigation,
SA Corporate was unable to complete the due diligence investigation to its
satisfaction and, as a result thereof, the agreement entered into for the
Acquisition has lapsed and is of no further force or effect.
13 February 2012
Cape Town
Investment Bank and Sponsor
Nedbank Capital
Date: 13/02/2012 12:28:02 Produced by the JSE SENS Department.
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