Delta Property Fund has entered into a sale and subscription agreement with Atterbury Investment Holdings Limited ("AIH") to acquire the entire issued share capital of Atterbury Parkdev Consortium Proprietary Ltd, which is the owner of the property and letting enterprise commonly known as "Harlequins Office Park", situated at 606 Toitus Street, Groenkloof, Pretoria.

The effective date of the acquisition was 1 July 2013, on which date all income attributable to the property accrued to Delta.

In line with Delta's strategy of actively pursuing investment opportunities that will enhance the overall quality and value of its portfolio, the acquisition represents an attractive investment to Delta linked unitholders by introducing a well-established property with low risk tenants.

Included in the acquisition of the property, there is additional available bulk adjacent to the building for future development.

The purchase consideration for the acquisition is R136m, which will be settled with a combination of cash and shares.

All of the conditions precedent to the acquisition have been fulfilled.