Pacific Paramount Properties Proprietary Limited agreed to acquire Wendywood Shopping Center from Orion Real Estate Limited (JSE:ORE) for ZAR 35 million on June 13, 2019. The consideration is payable upon fulfilment of conditions precedent. The transaction is subject to approval from the board of Orion Real Estate and consummation of due diligence investigation. Orion Real Estate will use the proceeds to reduce the debt of the group and have additional funding available for expansion. Pacific Paramount Properties Proprietary Limited cancelled the acquisition of Wendywood Shopping Center from Orion Real Estate Limited (JSE:ORE) on June 13, 2020.