Merger Alert: Growthpoint Healthcare Property Holdings Ltd and Bidvest Properties (Pty) Ltd And Growthpoint Securitisation Warehouse Trust
Notice
The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal
Lead Text
The Tribunal has conditionally approved the large merger wherein Growthpoint Healthcare Property Holdings (RF) Ltd (“GHPH”) and Bidvest Properties (Pty) Ltd (“Bidvest Properties”) will acquire a property from Growthpoint Securitisation Warehouse Trust (“the target property”). Following the implementation of the proposed merger, the target property will be jointly controlled by GHPH and Bidvest Properties.
Type of matter
Large merger
Parties involved
Growthpoint Healthcare Property Holdings Ltd and Bidvest Properties (Pty) Ltd And Growthpoint Securitisation Warehouse Trust
Tribunal Decision
Approved with conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has conditionally approved the large merger wherein Growthpoint Healthcare Property Holdings (RF) Ltd (“GHPH”) and Bidvest Properties (Pty) Ltd (“Bidvest Properties”) will acquire a property from Growthpoint Securitisation Warehouse Trust (“the target property”). Following the implementation of the proposed merger, the target property will be jointly controlled by GHPH and Bidvest Properties.
GHPH is an unlisted real estate investment trust (“REIT”) which invests exclusively in healthcare property assets. Bidvest Properties is a property investment company. The target property is known as Adcock Ingram Midrand and comprises a warehouse with office facilities.
