History

     
1999   Redefine was founded.
 
2000   Redefine listed on the JSE, with total assets of R1,1 billion and a market capitalisation of R400 million. At listing, Redefine’s assets comprised 50% direct property and 50% listed securities, including the acquisition of its initial holding in Hyprop Investments Limited (Hyprop).
 
2002   The company increased its stake in Hyprop to 18%.
 
2003   Redefine acquired 53% of Prima Property Trust.
 
2006   Redefine was the first South African listed property company to invest offshore, when it acquired 18% of Ciref plc (Ciref), Corovest International’s property fund which is listed on the London Stock Exchange’s Alternative Investment Market (AIM).

Redefine formed an enterprise development initiative with black owned Dijalo Property Services (Proprietary) Limited (Dijalo) to create Dipula Property Fund (Proprietary) Limited (Dipula) with an initial property portfolio value of R300 million. A second enterprise development initiative with Mergence Africa Properties (Proprietary) Limited (Mergence Africa) to create Mergence Africa Property Fund (Mergence) with an initial property portfolio value of R230 million, followed later that year.

The company increased its stake in ApexHi Properties Limited (ApexHi) to 12% in exchange for its investment in Prima Property Trust.
 

2007   Redefine acquired Spearhead Property Holdings Limited and increased its stake in Hyprop to 27% in exchange for Sycom Property Fund units.
 
2009   Redefine acquired all the units of ApexHi and Madison Property Fund Managers Limited (Madison) to effect a merger of the three companies in a record R12,7 billion transaction and increased its stake in Hyprop to 33.3%.

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LATEST HEADLINES

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

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  • REDEFINE MANDATORY OFFER TO HYPROP UNITHOLDERS CLOSEDMonday, August 30th, 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.

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