Acucap Properties to become subsidiary of Growthpoint
2014-12-12 · Industrial Developments news
Growthpoint (GRT) will acquire all the shares in Acucap (ACP) it does not already own‚ Acucap said on Friday.
The consideration would comprise a share exchange between Acucap shareholders and Growthpoint at an exchange ratio of 1.97 Growthpoint shares for each Acucap share held by Acucap shareholders‚ Acucap said in a statement.
Acucap would become a wholly owned subsidiary of Growthpoint‚ its listing on the JSE would be terminated and Growthpoint would indirectly own 100% of the shares in Sycom Property Fund Managers‚ the statutory fund manager of Sycom and‚ directly or indirectly‚ about 99% of the participatory interests in Sycom‚ the company said.
Get commercial property news by email
Free alerts when we publish — pick a focus or get everything, unsubscribe in one click. Subscribe »
More in Industrial Developments news
- Growthpoint concludes 18-year industrial estate development with DPD Laser facility 2026-10-17
- Equites reports strong half-year performance as capital deployment accelerates in local logistics sector 2026-10-17
- Redefine and Abcon open "Nines at S&J" midi-unit industrial space for SMEs 2026-10-04
- Growthpoint's R392m Tecoma Park logistics park rises in Cornubia, Durban 2026-10-01
- Balwin estate to get man-made lagoon 2018-03-26
- Portfolio acquisition boosts Dipula asset value 2018-03-26