Merger Alert: Redefine Properties Ltd And Setso Property Fund (Pty) Ltd in respect of shares in Hertford Office Park
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 unconditionally approved the large merger wherein Redefine Properties Limited (“Redefine”) intends to acquire shares in Hertford Office Park (“target property”) from Setso Property Fund (Pty) Ltd (“Setso Property Fund”).
Type of matter
Large merger
Parties involved
Redefine Properties Ltd And Setso Property Fund (Pty) Ltd in respect of shares in Hertford Office Park
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Tribunal has unconditionally approved the large merger wherein Redefine Properties Limited (“Redefine”) intends to acquire shares in Hertford Office Park (“target property”) from Setso Property Fund (Pty) Ltd (“Setso Property Fund”).
The acquiring group is a property investment holding company which holds a property portfolio comprising rentable office, retail, residential and industrial space throughout South Africa. The acquiring group operates as a landlord of the properties that it owns and lets the properties to its tenants.
The target property, an office property comprising rentable office space, is situated in Midrand, in Gauteng.
