Description of Activities

Description: The Commission resolved to approve without conditions the acquisition by Nuvia Investments (Proprietary) Limited (“Nuvia”) of part of a business as an ongoing income-earning enterprise, which is the letting enterprises conducted by Store All Container Storage and an immovable property known as the Ikon Building, situated at Erf 5840, Jan Jonker Road, currently owned by Store All Container Storage Pty Ltd. No shares are being sold, and post-merger the transferring undertaking, Store All Container Storage (Pty) Ltd, will continue operating, albeit on another property. 

Acquiring group: The primary acquiring undertaking, Nuvia Investments (Pty) Ltd, is incorporated in Namibia, and it is controlled by Sivertsen Property Trust. The acquiring group is involved in the transport and logistics sector, specialising in car rental, and owns let-out immovable properties.

Target undertaking: The primary target undertaking is the business of Store All Container Storage (Pty) Ltd incorporated in Namibia, and it’s owned by Korlia Trust and Cobus Conrad van Wyngaarden.  The primary target undertaking ‘s main product is an immovable property which currently being operated to let-out storage space under the name and style of Store All Container Storage.

Relevant market: Defined the relevant product market as the provision of industrial properties zoned for office space in Windhoek. 

Merger Determination

The Commission found the proposed transaction unlikely to result in the prevention or substantial lessening of competition or result in any undertaking to acquire or strengthen a dominant position in the market and did not raise any public interest concerns. 

Merger Determination No.3 of 2026___