Cape Town - The Competition Tribunal on Thursday approved without conditions the proposed merger involving Accelerate Property Fund and Laritza Investments.
The deal is in relation to a Western Cape lifestyle centre, Eden Meander Lifestyle Centre, which is wholly owned by Laritza.
"The Commission said it does not expect the merger to have any competition impact."Accelerate is a property owning company with a diverse property portfolio comprising of retail, commercial/office and industrial/warehouse space located in Gauteng, Western Cape, Limpopo and KZN provinces.