Nov 22,2018 / News / E-Bulletin

This matter under negotiation contemplates the development of a new hotel site in Rosebank, Johannesburg and the subsequent disposal of such site to a hotel group.

Werksmans has been responsible for advising on the transaction structure as well as the drafting of the necessary agreements and ancillary documents, including the sale of rental enterprise agreement between our client (as seller) and a third party purchaser which will, among other things, operate an internationally branded hotel.

This matter is especially important because it comprises part of a larger multi-use development of a precinct within the Oxford Parks area of Rosebank, including infrastructure upgrades to the area to support its re-development.