GoGlobal Properties Limited signed the share purchase agreement to acquire Lakewood International N.V. from Branthill Holdings Ltd and Stenham German Property Fund 2, managed by Stenham Property Ltd, on July 30, 2014. Under the terms, GoGlobal will acquire shares and shareholders loan of Lakewood International in stock. Pursuant to acquisition agreement, Stenham German Property Fund 2 is selling 44.9% stake and related shareholders loan. In related transactions, GoGlobal Properties Limited agreed to acquire TB Property Holdings N.V., CS Property Holding N.V., Anarosa Holdings N.V., Kantone Holdings Limited And Spike Investments S.A., Bernina Property Holdings Limited, Stenham Properties (Germany) Limited, Apex Hi (UK) Limited, Davemount Properties Limited, Laxton Properties Limited, Leatherback Properties Limited, Normanton Properties Limited and Loveridge Properties Limited.

The transaction is subject to approval by the shareholders of Stenham Property, parent company of Lakewood International, at a meeting scheduled on August 21, 2014, approval by the Board of Directors of GoGlobal and Lakewood International, approval by the shareholders of GoGlobal, admission of the consideration shares on the Bermuda Stock Exchange and the Alternative Exchange of the JSE Limited and is expected to close by September 30, 2014. As on September 8, 2014, all the resolutions proposed at the extraordinary general meeting of Goglobal shareholders, including all resolutions necessary to approve the acquisition, were approved by the requisite majority of shareholders. Java Capital (Proprietary) Limited acted as financial advisor for GoGlobal Properties Limited.

GoGlobal Properties Limited completed the acquisition of Lakewood International N.V. from Branthill Holdings Ltd and Stenham German Property Fund 2, managed by Stenham Property Ltd, on October 2, 2014. Post completion, David Smith, Sean Melnick, Hendrik Esterhuizen and Cobus Josling resigned as Directors while Paul Arenson was appointed as Chief Executive Officer, Paul Arenson as Chief Financial Officer, Neil Marais as Executive Director, Michael Fienberg and Stephen Ball as Non-Executive Directors.