Ultimo Properties (Pty) Ltd and JD Consumer Electronics and Appliances (Pty) Ltd And Part of the Rental Enterprises of Steinhoff Properties (Pty) Ltd,JD Group Property Holdings (Pty) Ltd, Tanzanite Treasure Trading 7 (Pty) Ltd, Showboat Trade and Invest 17 (Pty) Ltd, Copperzone 185 (Pty) Ltd
Case Number
LM189Jan21
Case type
Large Merger
Type of merger
Horizontal
Case status
Reasons Issued
Outcome
Approved Subject to Conditions
Order date
10-03-2021
Competition Tribunal Members
Enver Daniels, Mondo Blessing Mazwai, Yasmin Carrim
Industry
Real estate activities with own or leased property
Relevant market
The supply of rentable B-Grade office space in the greater Kuils River node
Sector
Real estate activities
Remedy
12A(3)(b) employment
Case Name
Ultimo Properties And Part of the Rental Enterprises
Primary Acquiring Firm
Ultimo Properties (Pty) Ltd and JD Consumer Electronics and Appliances (Pty) Ltd
Primary Target Firm
Part of the Rental Enterprises of Steinhoff Properties (Pty) Ltd