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LATEST HEADLINES

  • REDEFINE INTERNATIONAL RAISES £84-MILLION IN PRIVATE PLACEMENTTuesday, 31 August 2010

    Redefine International has successfully placed 168,1-million linked units (private placement units), amounting to £84-million, under the private placement. A maximum of 180-million private placement units at a price of 50-pence per unit were available under the private placement. The company received applications for 153% of the minimum subscription amount of £55-million . The private placement precedes the listing of Redefine International in the “Real Estate – Real Estate Holdings and Development” sector of the Main Board of the JSE on 7 September 2010.

    ...read more
  • REDEFINE MANDATORY OFFER TO HYPROP UNITHOLDERS CLOSEDMonday, 30 August 2010

    Redefine Properties’ mandatory offer to Hyprop unitholders has closed and an additional 926 593 linked units (0.56%) were acquired by Redefine at the offer price of R50 per linked unit. The low acceptance was expected as the offer price was below the trading price of Hyprop’s units.

    ...read more

Welcome to Redefine Properties

Redefine Properties Limited is a property loan stock (PLS) company which listed on the JSE Limited (JSE) in the Financial Services sector on 23 February 2000.

At 31 August 2009, the company was the second largest listed PLS company in South Africa, with a market capitalisation of R19,4 billion.

The company offers investors a diversified portfolio of 403 properties valued at R18,2 billion and a R2,8 billion portfolio of South African and international listed investments.

Redefine is internally managed by a proven team of entrepreneurial and experienced property and financial professionals who are committed to achieving sustained growth in distributions for unitholders.

 

Redefine at a glance

     
Company Information    
Company name:   Redefine Income Fund Limited
Share code:   RDF
JSE Sector:   Financial Services – Real Estate
Listing date:   23 February 2000
Units in issue:   2 654 538 299
     
Unit statistics at 31 August 2009    
Closing price:   R7,29 per linked unit
Market capitalisation:   R19,4 billion
Net asset value:   R7,45 per linked unit
     
Year to 31 August 2009    
Total distribution:   56.55 cents per linked unit
Total return:   95.55 cents per linked unit
Total return (%):   13.8%
     
Property portfolio at 31 August 2009    
Number of properties:   403
Valuation:   R18,2 billion
Gross lettable area (GLA):   3 610 050m2
Vacancy factor:   8.5%
Valuation/m2:   R5 000/m2
Total gross monthly rental:   R182,4 million
Value of vacant land and property under development:   26%