Texton Property Fund Limited (JSE:TEX) agreed to acquire property situated at 45 De La Rey Road, Rivonia, Gauteng from Midnight Storm Investments 187 Proprietary Limited for approximately ZAR 110 million on October 8, 2015. The aggregate purchase consideration for the acquisition of property situated at 45 De La Rey Road, Rivonia, Gauteng and property situated in prime location at 381-387 Dr Pixley Kaseme Street, Durban of approximately ZAR 295 million will be settled in cash through the utilization of the proceeds from the Texton rights offer, which closed on October 2, 2015. The deal is subject to due diligence and the approval by Texton's investment committee and the Competition Authorities. The deal is expected to be closed on or about January 31, 2016. Investec Bank Limited acted as financial advisor for Texton Property Fund Limited (JSE:TEX) a fund of Vunani Property Asset Management Pty Ltd.

Texton Property Fund Limited (JSE:TEX) completed the acquisition of property situated at 45 De La Rey Road, Rivonia, Gauteng from Midnight Storm Investments 187 Proprietary Limited on January 18, 2016.