The Property, a retail building located at 471 Fehrson Street, Nieuw Muckleneuk Township, Pretoria forms part of Accelerate’s retail portfolio and was acquired by Accelerate on or about 11 December 2013.

As at 31 March 2023, the Property was valued at R 65,000,000.00 and is being sold for a cash consideration of R60,000,000.00 (Sixty million Rand).

It is the intention of Accelerate to apply the full proceeds to the reduction of debt and capital reinvestment into its core property portfolio

This decision was made as part of Accelerate’s ongoing efforts to review it’s assets and ensure that they align with the Company’s current business strategy and growth plans.