Merger Alert: Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset

31 January 2024

The following Merger Alert is for information purposes only and is not binding on the Competition Tribunal or any member of the Tribunal

Type of matter	Parties involved	Tribunal Decision
Large merger	Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset	Approved without conditions

The Competition Tribunal has unconditionally approved the large merger whereby Units on Jorissen (Pty) Ltd (“UoJ”) intends to acquire an undivided share in the student accommodation property letting enterprise known as “Units on Jorissen” and the letting enterprise carried out upon it (the “target property”) from Varsity Stay 2 (Pty) Ltd (“Varsity Stay”).

UoJ is a property investment company. The acquiring group has investments in student accommodation. The target property is a newly built student accommodation development.

Issued by:

Gillian de Gouveia, Communications Manager
On behalf of the Competition Tribunal of South Africa
Cell: +27 (0) 82 410 1195
E-Mail: GillianD@comptrib.co.za
Twitter: @comptrib

Back to Press Releases

Merger Alert: Units on Jorissen (Pty) Ltd and Varsity Stay 2 (Pty) Ltd in respect of an undivided share in the Units on Jorissen asset

Website Statisfaction Survey