ISSUED ON BEHALF OF ATTACQ
PLEASE CONTACT WILLEM EKSTEEN FOR
INFORMATION OR INTERVIEW REQUESTS ON
0114470168 / 0832726304 / [email protected]
MEDIA STATEMENT
EMBARGO
DATE OF STATEMENT
SUBJECT
NONE
3 APRIL 2017
ATTACQ DISPOSES OF SERBIAN AND CYPRIOT ASSETS
WATERFALL GAUTENG (SOUTH AFRICA) – Attacq’s subsidiary AIH International Limited
is disposing of its investments in Atterbury Cyprus Limited and Atterbury Serbia JV.
The disposal is In line with Attacq’s focus on its key investments, which include the
JSE listed company, MAS.
AIH International Limited (“AIHI”), a wholly-owned subsidiary of Attacq, has entered
into sale of shares and claims agreements to dispose of its 48.75% equity
shareholding and loan account in Atterbury Cyprus Limited (“Atterbury Cyprus”) and
its 25.0% equity shareholding and loan account in Atterbury Serbia B.V. (“Atterbury
Serbia”) to Atterbury Europe B.V. (“Atterbury Europe”) for an aggregate
consideration of €93 million, payable in cash (“the disposals”).
Attacq holds a 37.32% shareholding in MAS Real Estate Inc. (“MAS”), which is listed
on the Main Board of the Johannesburg Stock Exchange. MAS has changed its
investment focus to include Central and Eastern Europe and is increasing its
exposure to this region via its joint ventures with Prime Kapital. This now positions MAS
well to be Attacq’s primary entry point into these markets.
“Attacq’s investment in MAS provides it with increased exposure to the Central and
Eastern European property markets given MAS’ Prime Kapital joint ventures. The
substantial Prime Kapital pipeline and speed at which capital can be deployed by a
proven and experienced team into these markets resulted in Attacq making the
decision to exit its other investments in the region at attractive values. The disposals
are in line with Attacq’s decision to focus on our key investments, namely our South
African portfolio, our Waterfall development pipeline and our stakes in MAS and
AttAfrica,” says Morné Wilken, CEO of Attacq.
Atterbury Cyprus owns a 99.67% shareholding in The Mall of Cyprus (MC) plc, the
owner of the Shacolas Emporium Park located in Nicosia, Cyprus and a 99.50%
shareholding in The Mall of Engomi (ME) plc, the owner of the Mall of Engomi, also
located in Nicosia Cyprus. Atterbury Serbia holds 50.0% of a portfolio of seven retail
properties in Serbia, including Serbia’s largest mall, Ušće Shopping Centre located in
the Serbian capital of Belgrade.
The cash proceeds Attacq will receive in respect of Atterbury Cyprus is €57.8 million
and €35.2 million in respect of Atterbury Serbia. The proceeds will be applied by
Attacq to settling debt relating to its South Africa property portfolio as well as
funding the development of its Waterfall pipeline.
MEDIA STATEMENT (continued)
“The development of Waterfall is a strategic priority for Attacq. It’s ideal location
provides us with a unique opportunity: to create a new lifestyle city, which acts as a
catalyst for regional growth in Gauteng,” concludes Wilken.
FIN
NOTES TO THE EDITORS
Issued by Stone on behalf of Attacq.
More information or interview requests:

Please contact Willem S Eksteen and the Stone team for more media
information or interview requests on [email protected] /
[email protected] / 0114470168 / 0832726304.
More about Attacq:
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Attacq is a leading capital growth fund in the real estate sector founded in
2005 and which acquired the Waterfall development rights in 2008. Attacq
listed on the Johannesburg Stock Exchange in 2013.
Attacq has consistently delivered growth in capital to its investors through its
strategic property holdings and developments.
Attacq has a total asset value of more than R27.1billion and a market
capitalisation of more than R13billion (as at 31 December 2016).
Attacq has a diverse investment portfolio that includes landmark commercial
and retail property investments and developments. Waterfall is the jewel in
the African crown. Attacq also benefits from ongoing diversification into
developed markets and this has stood the company in very good stead to
date.
Mall of Africa (80% Attacq-owned) opened in April 2016, as the largest first
phase mall development on the continent and a benchmark retail
destination located in Waterfall City.