Linked unitholders of the company were advised that the company has entered into an agreement with Huwani Projects (Pty) Ltd to acquire from Huwani a property situated at Erf 2039 Matsulu-A in the Mbombela Local Municipality, Mpumalanga and the associated rental enterprise conducted in respect of the Matsulu Centre Property as a going concern. 

The effective date of the Matsulu Centre Acquisition will be the date of registration of transfer of the Matsulu Centre Property into the name of the company at the Deeds Office, which, subject to fulfilment of the conditions precedent, is expected to occur on or about 1 May 2013. 

The Matsulu Centre Acquisition is consistent with the company's growth strategy whereby the company will focus on acquiring retail assets with a weighting in favour of non- metropolitan areas and lower LSM sectors. 

The purchase consideration applicable to the Matsulu Centre Acquisition is R54 350 000, which includes VAT at the rate of 0%, payable in cash against registration of the Matsulu Centre Property into the name of the company at the Deeds Office.

The company will fund the Purchase Consideration through debt and/or equity funding.