Oasis Crescent Property Fund announced that Fund entered into an agreement with Oasis Crescent Property Company Proprietary Limited on or about 3 March 2016, in terms of which the Fund will purchase from OCPC the property situate at 364a Victoria Road, Salt River, Cape Town, being portions 1 to 4 of the Aberg Building Scheme, Scheme number SS463/2003, together with all improvements, fixtures and fittings therein, as well as the exclusive use areas forming part of the common property. The total purchase price for 364 Victoria Road is ZAR 23 million, which includes VAT at the rate of 0%. In terms of the Acquisition Agreement, possession of the Property shall be given to and be taken by the Fund on 1 April 2016, from which date the Fund shall be entitled to every benefit arising from the Property and from which date the Property shall be held by the Fund at its risk and the Fund shall be responsible for and shall pay all rates and taxes and other expenses relating to the Property.