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Delta Property Fund to acquire 15 property letting enterprises

Aggregate net purchase consideration for acquisition is R507m

* Delta Property Fund sas entered into various agreements with Orthotouch Limited for acquisition of 15 property letting enterprises

* Acquisition is yield accretive at 11.4% based on actual income

* Aggregate net purchase consideration for acquisition is R507 000 000

* Effective date of acquisition is anticipated to be August 1, 2015

* Acquisition does not require approval by delta shareholders

Read the SENS announcement

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