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Redefine strikes a R1.3 billion deal with Delta for the strategic disposal of 15 government-tenanted properties

Published: 04 December 2015

Redefine Properties, whose stated intention has been to dispose its government tenanted office portfolio currently valued at R2.2 billion, has entered into an agreement with Delta Property Fund to dispose approximately 60% thereof valued at nearly R1.3 billion, to Delta in return for Delta shares. Andrew Konig, CEO of Redefine ... Read more

Redefine continues to be defined by growth in earnings and net assets

Published: 05 November 2015

Redefine Properties’ full-year results released today reflect the company’s strong growth trajectory for the year ended 31 August 2015, backed by a solid financial performance and underpinned by a dynamic, future-focused strategy. The company declared a final distribution of 41 cents per share, taking its full year distribution to ... Read more

Redefine seals the deal to acquire Fountainhead’s property portfolio

Published: 24 July 2015

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Redefine empowerment trust approved by shareholders

Published: 05 June 2015

Shareholders of Redefine Properties, one of the country’s largest listed property companies, have approved the establishment of an Empowerment Trust - a move that will materially bolster its BBBEE credentials. Shares to be issued to the Trust will hold an equity value of approximately R3 billion. At a general shareholders ... Read more

​Redefining the future of commercial offices

Published: 24 May 2015

Redefine Properties have set a new benchmark for commercial property development with a series of building innovations that is transforming the architectural face of Johannesburg. This was highlighted at the recent SAPOA Innovative Excellence in Property Development Awards which saw a flagship commercial building project for Redefine, 90 Grayston, winning ... Read more

Redefine delivers 7.1% half-year distribution growth, in line with guidance and on target to meet full-year forecast

Published: 26 April 2015

Redefine Properties today reported distribution growth of 7.1% to 39 cents per share for the half-year to 28 February 2015, delivering on its market guidance. Andrew Konig, CEO of Redefine comments: “Redefine’s solid performance and growth in distributable income for the half year of 31. 4% reflects our enhancing acquisitions ... Read more

Redefine purchases German portfolio through joint venture with Redefine International

Published: 29 January 2015

Hot on the heels of the Leaf portfolio acquisition, Redefine today announced it has acquired a portfolio of 56 retail properties in Germany in an equal joint venture with Redefine International. This portfolio is valued approximately €157m million and reflects an initial net yield of 7.5%. The portfolio will initially ... Read more

Redefine secures R4.1 billion Leaf capital property portfolio acquisition, substantially enhancing Western Cape office portfolio

Published: 28 January 2015

Redefine Properties today announced the acquisition of the Leaf Capital portfolio of properties for R4.1 billion equating to an initial income yield of 8%, substantially enhancing Redefine's office portfolio in the Western Cape. Marc Wainer, Executive Chairman of Redefine Properties comments: "Acquiring this trophy portfolio is a strategic triumph for ... Read more

Redefine selected for the JSE SRI Index for a third consecutive year

Published: 02 December 2014

Redefine Properties today announced its proposal to acquire up to an additional 250 million participatory units in Fountainhead Property Trust. In doing so, Redefine, which is already the largest single Fountainhead participatory unitholder, intends to grow its Fountainhead holding. Redefine is pleased to announce that, for a third consecutive year ... Read more

Redefine's full-year results ahead of guidance delivering 8.5% distribution growth

Published: 06 November 2014

Redefine Properties today announced a distribution of 38.14 cents per share for the second half of 2014, which combined with the first-half distribution of 36.4 cents per share results in growth of 8.5% on a full year basis, delivering performance ahead of market guidance. The results mark Redefine's first full ... Read more