TRADEHOLD ACQUIRES HIGH-GROWTH SERVICED-OFFICE PROVIDER IN THE UK

Christo Wiese’s Tradehold has finalised, through its UK subsidiary Moorgarth Property Group, the acquisition of serviced-office provider Ventia Ltd for £11.3m (R248m). The acquisition will elevate Moorgarth’s The Boutique Workplace Company, started earlier this year, to one of the leading serviced-office providers in central London by operating 25 business centres and more than 2 500 workstations in the British capital.

Tradehold joint CEO Friedrich Esterhuyse said Ventia was a highly regarded business in its field featuring regularly on the annual London Sunday Times Virgin Fast Track 100 list. In November, Ventia was elected Small Business of the Year in the 2015 Nectar Small Business Awards competition, run annually in the UK.


ISSUED BY DKC (De Kock Communications)

ON BEHALF OF Tradehold Ltd

DATE ISSUED 15 December 2015

MEDIA ENQUIRIES

Ben de Kock, DKC 021 422 2690
Friedrich Esterhuyse, joint chief executive, Tradehold 021 915 3300