The agreement with Flyt Property Investment regarding the development of DHL Newlands was ratified at a Special General Meeting of the Western Province Rugby Football Union (WPRFU) on Wednesday.

The decision is further endorsement of the vote taken by the Council of the WPRFU last week when it voted in favour of the new deal by an overwhelming majority.

The Union will now move forward with incorporating two new companies – Newlands DevCo and Brookside DevCo – as equal partners with Flyt Property Investment. These companies will focus on obtaining development rights for the DHL Newlands Rugby Stadium and Brookside properties, and the WPRFU will take an active role on the board directors of both companies and in sharing of plans and vision for the development of both sites.

Critically, the partnership with Flyt Property Investment will enable the WPRFU to settle its debts with Remgro and Investec, and plan for a sustainable future.

The WPRFU recognises that DHL Newlands holds a special place in the hearts of rugby fans, and in the history of the sport and plan to pay homage to its rich heritage over the coming year, with a special event and permanent tribute at the stadium, so it is always remembered. These plans will be shaped by the ongoing response to the COVID-19 pandemic.

WPRFU President Zelt Marais said that he is looking forward to what will be an exciting new chapter.

“There has been a lot of uncertainty over the past few months on the future of Western Province rugby. The decision ensures the WPRFU is able to use its property portfolio for sound and sustainable economic benefits and puts us on a firm financial footing moving forward.

“The WPRFU looks forward to the many benefits we’ll be able to deliver to our local players, clubs and communities through our work with Flyt Property Investment. Together, we will ensure the ongoing sustainability of Western Province rugby towards even greater heights,” he said.