The Acquisition is to be implemented by means of a statutory merger between the Company and Newco under Part 18B of the Companies (Jersey) Law 1991, as amended (the “Merger”).

HIH Invest Real Estate acquired the mixed-use retail center Deli in Duisburg, Germany. The property, which has been in business for more than 20 years in the city’s Rheinhausen district, has a total lettable area of about 18,700 sq m along with 568 car parking spots.