Property & Real Estate: Property Restructure and Disposal

Tsogo and Hospitality Property Fund Limited (“HPF”) have agreed to the acquisition by HPF of certain of the casino precinct properties, currently owned by the Tsogo group of companies in consideration for the issue by HPF of new shares in HPF.

Werksmans is acting as the legal advisor to Tsogo Sun, specifically drafting/commenting on the transaction agreements and is responsible for all conveyancing aspects related to the sale/transfer of the casino precinct properties.

The matter is important as it is one of the largest restructuring and property disposals ever concluded in South Africa.