Arrowhead Residential Limited agreed to acquire Park Village and common property for ZAR 85.3 million on November 27, 2014. In related transactions, Arrowhead Residential Limited concluded an agreement to acquire Jika Properties (Pty) Ltd from Citiq Proprietary Limited and Amber Falcon Properties 185 Proprietary Limited for ZAR 610 million, agreed to acquire Bree Street portfolio and agreed to acquire Highveld View Estate from Zotec Developments Proprietary Limited for approximately ZAR 290 million. Arrowhead will fund the deal from available debt facilities, the sale of underperforming properties and the repayment of the loan by the Arrowhead Charitable Trust. The deal is expected to close in December 2014.

Arrowhead Residential Limited completed the acquisition of Park Village and common property on January 1, 2015.