Delta Property Fund to dispose of Chambers of Change

Delta Property Fund has entered into an agreement to sell its Chambers of Change property, located at 62-72 Pritchard Street, Johannesburg, to Suki Properties Close Corporation for ZAR25.0 million. The disposal aligns with Delta's strategy to divest non-core assets and reduce its debt balance. The effective date of the disposal is anticipated to be around 30 September 2025, pending the registration of property transfer. The buyer's ultimate beneficial owner is Rael Suckerman. The sale is subject to fulfilling JSE Listings Requirements and obtaining necessary regulatory approvals within 120 calendar days of the agreement's signature date. The property has a gross lettable area of 7,915 square meters and a weighted average rental of ZAR42.0/m², and as of the most recent valuation, is valued at ZAR37.7 million. This transaction is classified as a category 2 disposal under JSE regulations and does not require shareholder approval.