The Tribunal has unconditionally approved the merger in which Slip Knot Investments 777 (Pty) Ltd (“Slip Knot”) will acquire the entire issued share capital of the Johannesburg Land Company (Pty) Ltd (“JLC”), giving Slip Knot control of JLC.

The acquiring group (comprising Slip Knot, its subsidiaries and its controlling entities) owns a mix of office, industrial and retail properties, along with vacant land in South Africa. Of particular relevance to this transaction are its office properties in the Johannesburg central business district (“CBD” ) and industrial properties in Gauteng.

JLC, the target firm, similarly holds a portfolio of office, industrial and parking properties in Gauteng. Its office buildings in the Johannesburg CBD and industrial properties in the province form the core assets underpinning the transaction.