Merger Alert: Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset
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 Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).
Type of matter
Large merger
Parties involved
Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset
Tribunal Decision
Approved without conditions
Issued By
Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
The Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).
UoJ is a property investment company. The acquiring group has investments in student accommodation. The target property is a newly built student accommodation development.
