| Mon 29 Apr 2019, 13:24 | | DELTA PROPERTY FUND LIMITED - Update on significant lease renewals with state owned enterprises |
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DLT 201904290033A
Update on significant lease renewals with state owned enterprises
Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT
ISIN: ZAE000194049
REIT status approved
("Delta" or the "Company")
UPDATE ON SIGNIFICANT LEASE RENEWALS WITH STATE OWNED ENTERPRISES
Shareholders are advised that Delta has concluded two significant
leases with State Owned Enterprises (SOEs), namely Eskom and SARS,
for a total gross lettable area of 21,259 sqm.
The properties are:
- 5 Simba Road, Sunninghill, a 5,253 sqm property occupied by Eskom,
renewed at R85/sqm for a three year lease period; and
- SARS Bellville, Cape Town, a 16,006 sqm property renewed at R100/sqm
for a five year lease period.
The Company anticipates further lease renewals and will keep the
market informed accordingly.
Johannesburg
29 April 2019
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank
Limited
Investor Relations: Articulate Capital Partners, Morne Reinders
(morne@articulatepartners.com or +27(0)82 480 4541)
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