Redefine Properties International Limited ("RIN") is a Redefine subsidiary formed to house the Group's offshore real estate portfolio.
RIN was listed on the JSE in September 2010 and holds as its sole asset, a majority stake in London listed Redefine International PLC ("RI PLC").
The listing of RIN on the JSE provided an opportunity for South African residents and institutions to invest in a diversified income focussed property company which provides an attractive and growing income stream, with the added benefit of being a Rand hedge.
The portfolio is located across a broad geography in the UK, Germany, Switzerland, Holland and Australia. Investment locations are limited to large liquid mature and transparent real estate markets. The portfolio is moreover divided into five investment silos, being UK Stable Income, UK Retail, Hotels, Europe and Australia.
RIN is 49% held by Redefine. Each linked unit in RIN equates to 1 share in RI PLC.