GoGlobal Properties Limited signed the share purchase agreement to acquire Leatherback Properties Limited from Sphere Trustees Limited in stock on August 7, 2014. In related transactions, GoGlobal Properties acquired Stenham Property management business and the entire issued share capital of GoGlobal's current investment manager, Apex Hi (UK) Limited on August 7, 2014. Also, in related transactions GoGlobal Properties acquired property companies Anarosa Holdings N.V., CS Property Holding N.V., Davemount Properties Limited, Kantone Holdings, Lakewood International N.V., Bernina Property, Laxton Properties, Loveridge Properties, Normanton Properties, Spike Investments, Stenham European Shopping Centre Fund, Stenham Properties (Germany) Limited and TB Property Holdings N.V. from various property holding companies. The total consideration for all the transactions of 14 properties is €281.1 million. The total purchase consideration for the acquisitions will be entirely funded by the issue of new GoGlobal ordinary shares on the Bermudan share register, at an issue price of €1.37 per share.

The acquisitions are subject to GoGlobal shareholders approving the issue of the consideration shares in an extraordinary general meeting and admission of the consideration shares on the Bermuda Stock Exchange and the Alternative Exchange of the JSE Limited. As on September 8, 2014, all the resolutions proposed at the extraordinary general meeting of Goglobal shareholders held at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4NA, including all resolutions necessary to approve the acquisition, were approved by the requisite majority of shareholders. Java Capital (Proprietary) Limited acted as financial advisor to GoGlobal.

GoGlobal Properties Limited completed the acquisition of Leatherback Properties Limited from Sphere Trustees Limited in stock on October 1, 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.