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| 1999 |
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Redefine was founded.
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| 2000 |
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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).
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| 2002 |
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The company increased its stake in Hyprop to 18%.
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| 2003 |
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Redefine acquired 53% of Prima Property Trust.
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| 2006 |
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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.
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| 2007 |
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Redefine acquired Spearhead Property Holdings Limited
and increased its stake in Hyprop to 27% in exchange
for Sycom Property Fund units.
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| 2009 |
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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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