PURPLE GROUP RESPONDS TO ADVERTISED SALE OF PURPLE MARYLAND MALL
The Purple Group responding to the advertised acquisition opportunities of Purple Maryland Mall, states that it has presented a structured repayment and settlement plan which contemplates the potential sale of all or a portion of the Maryland Mall but wishes to clarify that it remains supportive of any value-enhancing transaction undertaken at an appropriate valuation. It added that it is committed to working with Vantage Mezzanine Fund II, Broll and Rencap to achieve a mutually beneficial outcome for all stakeholders. Full Statement below
The Management of the Purple Group (“Purple”) has noted recent enquiries and expressions of interest regarding potential investment and acquisition opportunities in respect of Purple Maryland Mall as published in Business Day – Thursday 14th May 2026.
Purple wishes to clarify that it remains supportive of any value-enhancing transaction undertaken at an appropriate valuation and is committed to working collaboratively with Vantage Mezzanine Fund II (“Vantage”), Broll and Rencap to achieve a mutually beneficial outcome for all stakeholders.
Any proposed transaction would be expected to align with the most recent valuation of the asset or such valuation as may subsequently be negotiated and agreed among the relevant parties.
As part of its ongoing engagements with Vantage, Purple has presented a structured repayment and settlement plan which contemplates the potential sale of all or a portion of the Maryland Mall asset. In this regard, Purple remains open to discussions (for the benefit of the proposal/plan presented to Vantage and its receiver) with credible investors and prospective
purchasers interested in:
– acquiring a 100% interest in Maryland Mall;
– acquiring a partial interest in Maryland Mall; and/or
– participating in a broader strategic investment opportunity involving Purple
Maryland Mall and Purple’s envisaged listing plans.
Purple believes that a coordinated and transparent engagement process is essential to ensuring transaction certainty, preserving stakeholder value and facilitating efficient execution. Accordingly, all interested investors, bidders and transaction advisers are encouraged to engage jointly and collaboratively with Broll, Rencap and Purple throughout the process to
ensure full alignment amongst all relevant stakeholders.
Without prejudice to any engagement with Vantage, Broll and Rencap, interested parties may contact Purple directly at: marylandmall@purple.xyz
