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Accelerate - updates on Fourways Mall
Shareholders of the Company were referred to the announcement whereby Shareholders were advised that the Company had entered into a Property, Development and Asset Management Services Agreement, in relation to, inter alia, the appointment of Flanagan and Gerard Frontiers (Pty) Ltd. and Luvon Investments (Pty) Ltd. as the joint property and asset manager, as well as the development manager for the properties, and letting enterprises that make up Fourways Mall Shopping Centre. Shareholders were further referred to the subsequent announcement released on 22 November 2024, whereby Shareholders were advised of the non-fulfilment of certain suspensive conditions to the Original PMA and that, as a result, the Original PMA had lapsed and was of no force and effect and further that the Asset and Property Manager would continue to remain on site and to render the requisite services in respect of the Mall.
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